home sales

What Happens to the Real Estate Market When Supply Falls for 25 Straight Months?

Home price growth was strong in October, up 7.1 percent compared to a year ago to a national median sale price of $288,000 across the markets Redfin serves. Sales were essentially unchanged from October of last year, down 0.1 percent. Home sales have declined year over year for the past four months. “Despite strong buyer …

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Home Prices and Buyer Competition Hit New Highs in June as Inventory Drought Dragged into 21st Consecutive Month

The median home sale price increased 7.3 percent from a year ago to $298,000 in June. This is the highest national median sale price recorded since we began keeping track in 2010. Despite record-high buyer demand during the busy spring market, sales only increased 1.9 percent compared to last year, constrained by a low supply …

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May Housing Market Set New Records for Low Supply, Speed and Competition

The median home sale price increased 6.8 percent in May to $288,000. Sales increased 7.5 percent compared to last year, a strong gain despite a severe shortage in the number of homes for sale. Market Summary May 2017 Month-Over-Month Year-Over-Year Median sale price $288,000 2.9% 6.8% Homes sold 287,000 19.5% 7.5% New listings 360,800 9.6% …

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