Housing Market News Archives

Pending Home Sales Jump 10% From a Year Ago to Highest Level Since 2022

May 14, 2026

Sale prices are rising as homebuying demand strengthens. U.S. pending homes sales jumped 9.6% year over year to their highest level since September 2022, on a seasonally adjusted basis. Pending sales are rising in every major U.S. metro except three (Houston, Detroit and Seattle). Mortgage-purchase applications are up 4% week over week. Strengthening demand is […]

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$60 Million Montecito Mansion Tops List of April’s Priciest Home Sales

May 13, 2026

Bruce Willis’ former Beverly Hills home and a mountain retreat in Vail are also among April’s most expensive home sales. An unfinished mansion in Montecito, CA was the most expensive U.S. home sale of April, bringing in nearly $60 million. Coastal Florida took the No. 2 and No. 3 spots, with an oceanfront Palm Beach

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America’s Housing Market Favors Buyers—But Their Advantage Is Finally Starting to Shrink

May 12, 2026

There were an estimated 47% more sellers than buyers in April, down from 48% the month before and a peak of 49% at the end of last year. The gap is shrinking as buyers start to come off of the sidelines amid a stabilizing job market. For months, the balance of power in the U.S.

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Home Prices Posted the Biggest Increase in Over a Year in April

May 12, 2026

The median U.S. home sale price rose 2.4% year over year—the largest gain since March 2025. Pending home sales climbed to the highest level since 2023 as the labor market stabilized. Sellers came off the sidelines, too, with active listings hitting the highest level since 2020. The median U.S. home sale price rose 2.4% year

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Introducing the New & Improved Redfin Data Center

May 12, 2026

Monthly housing market data is now available sooner New metrics—including home purchase cancellations, price drops, financing trends, and luxury and starter home data—are now available for direct download Seasonally adjusted data is now the default, helping remove noise and reveal underlying trends We’ve launched a new and improved Redfin Data Center to give you faster

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Pending Home Sales Hit Highest Level in Nearly 4 Years

May 7, 2026

More homebuyers jumped into the market as mortgage rates came down temporarily last week, but it’s still slower than past springs. U.S. pending home sales hit their highest level since September 2022 during the four weeks ending May 3. They rose 7.7% year over year on a seasonally adjusted basis. There are a few reasons

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