A monthly update of housing market supply, demand, and prices.
Closed home sales jumped in May, reflecting April’s dipping mortgage rates and a strong labor market. But pending home sales were flat, a real-time reflection of May’s rising mortgage rates and economic uncertainty, which dampened buyers’ appetites. The Bay Area’s AI-fueled hot housing market contributed to the surge in closed sales, with double-digit sales upticks […]
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
Home Prices Posted the Biggest Increase in Over a Year in April Read More »
More homeowners are putting their houses on the market, with new listings increasing for the second week in a row after five straight months of declines. U.S. pending home sales rose 2.7% year over year during the four weeks ending April 26, the biggest increase in six weeks. Mortgage-purchase applications have risen to their highest
Homebuying Demand Ticks Up, Mortgage Rates Tick Down Read More »
The median sale price in the Bay Area metro rose 14% year over year in March, compared with a 1% gain nationwide. That helped San Francisco reclaim its title as the most expensive major metro to buy a home. Nationally, the housing market remained sluggish as high costs and economic uncertainty gave buyers and sellers
San Francisco Home Prices Jump Most in 8 Years Amid AI Boom Read More »
The typical home that went under contract in February spent 66 days on the market—the slowest February pace in a decade. The typical buyer scored 1.8% off the list price—the biggest February discount since 2023; sellers outnumber buyers, giving buyers negotiating power. Pending home sales and new listings both inched down last month, while home
Homebuyers Can Afford to Take Their Time Heading Into Spring 2026 Read More »
Pending home sales fell to the lowest level since 2023 and existing-home sales dropped the most since 2022 as elevated housing costs curbed homebuyer demand. Sellers also retreated, but still far outnumbered buyers, meaning the buyers who were in the market could negotiate on price. The typical home that went under contract did so in
Home Prices Start Year Up Just 1% as Buyer’s Market Keeps Growth in Check Read More »
