Across the 174 markets that Redfin tracks, the typical home sold in May went under contract in 34 days, breaking April’s record of 36 days, which was the fastest month Redfin had recorded going back to 2010. Amid the speed, the national median home sale price rose to $305,600, a 6.3 percent increase from May
The national median home sale price increased 7.6 percent in April from a year ago, to a median of $302,200. This is the first time the national median home price has surpassed the $300,000 mark across the 174 markets that Redfin tracks. While April posted solid growth in home sales, up 5.2 percent from
Number of Luxury Homes for Sale Fell 20 Percent, Marking Four Consecutive Quarters of Decline
New listings declined 5.6 percent in March, a sign of waning seller enthusiasm and ongoing tight market conditions.
“A growing economy, healthy buyer demand and low inventory drove the ramp up in prices last month,” said Redfin chief economist, Nela Richardson
Home Sales Fell in January after Tax Reform Uncertainty Caused Some Buyer Hesitation at Year End
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