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Housing Market News

68% of Condos Sold Below List Price in February—the Highest Share in 5 Years

The condo market has been slowing due to surging insurance costs and HOA fees, which have priced many buyers out. It has also become more common for townhouses and single-family homes to sell below list price as buyers gain negotiating power amid rising inventory and high housing costs. Roughly two-thirds (68.4%) of U.S. condos that […]

68% of Condos Sold Below List Price in February—the Highest Share in 5 Years Read More »

Spring Brings Record-High Monthly Housing Costs, Keeping Pending Home Sales at Bay

Soaring housing payments are keeping many homebuyers on the sidelines, but new listings are ticking up and there are signs some house hunters are emerging as we enter spring.  Housing costs are at an all-time high. The typical U.S. homebuyer’s monthly payment hit a record high for the second week in a row, reaching $2,802

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Big City Comeback: Homebuyer Competition Is Rising Fastest in the Bay Area, New York

57% of homes in San Francisco sold above their list price in February, up from 50% a year earlier—the biggest jump among the top 50 metros. Homebuyer competition slowed fastest in Southern California; over half of homes in San Diego sold for below their list price, compared with just 42% a year earlier. Eight of

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New York and the Midwest Dominate Redfin’s Hottest Neighborhoods of 2025

Brooklyn’s Prospect Heights and Clinton Hill top Redfin’s 2025 list of hot neighborhoods, after posting a 105% spike in home sales from a year ago. Five of the 10 hottest neighborhoods are located on the outskirts of Midwestern metros, with buyers seeking affordability and an easy commute. A neighborhood in the heart of San Francisco

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Home Sales Dropped Significantly in Altadena and the Pacific Palisades in Aftermath of Los Angeles Wildfires

The month after the Eaton and Palisades wildfires, home sales and new listings fell in the neighborhoods that were directly impacted. The story is different in the greater Los Angeles metro, where the housing market picked up.  Home sales fell by double digits in the Pacific Palisades and Altadena in the wake of January’s devastating

Home Sales Dropped Significantly in Altadena and the Pacific Palisades in Aftermath of Los Angeles Wildfires Read More »

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