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.
Redfin reports a 58% gap between sellers and buyers, with the Sun Belt driving the shift.
Luxury home prices in Miami jumped 18% year over year in July while Tampa posted a 15.4% gain, far outpacing the national average, as wealthy buyers continue to flock to Florida's high-end market.
San Francisco's housing market is accelerating on the back of AI-industry wealth, while Seattle's market cools under the weight of tech layoffs and economic uncertainty. Redfin data shows the two cities are now moving in sharply opposite directions.