U.S. Home List Prices Dip as Market Cools
Redfin reports first year-over-year decline in median asking price since March.
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Redfin reports first year-over-year decline in median asking price since March.
Pending home sales hit a 12-year low as mortgage rates surpassed 7%, cooling demand across major U.S. metros.
Tight inventory supports price growth despite higher mortgage rates and reduced sales activity.
A new analysis reveals favorable conditions for buyers in four major Florida metros during late fall.
Despite slight declines in sales, tightening inventory and rising prices suggest a leveling market in Florida.
U.S. new listings hit a four-year peak in August, driven by cities like San Jose, Nashville, and Seattle, giving buyers more bargaining power.
Pending home sales rose a modest 0.4% week over week through early August, while new listings jumped 1.7%—the largest weekly gain in five months—giving buyers slightly more room to negotiate in a market still weighed down by elevated mortgage rates.
July home sales fell 4.1% month-over-month to their lowest seasonally adjusted level in nearly two years, with mortgage rates at a one-year high and record home prices squeezing buyers across the country.
The median U.S. home sale price climbed 2.4% year over year in April 2026, the sharpest increase since March 2025, as pending sales hit the highest level since 2023 and inventory expanded to its widest point since 2020.
Redfin data shows the seller-to-buyer imbalance shrank for the fourth consecutive month in April, as improved job-market sentiment pulled more shoppers back into the housing market.