Monthly Market Update

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 […]

Pending sales fell 6% in December—the largest seasonally adjusted decline since 2022—amid stubbornly high housing costs and economic uncertainty. The typical home that did sell spent 60 days on the market, the slowest December pace in a decade. The supply of homes for sale fell the most since 2023 as sellers retreated amid sluggish demand.

Active listings fell 1.4% month over month in November as sellers backed off due to sluggish homebuyer demand. Pending home sales fell the most in nearly a year, and the typical home that did sell sat on the market for 53 days—the slowest November pace in nearly a decade. A silver lining for buyers: Many

Home sales and new listings were little changed from a month and a year earlier in October, and prices have also shown signs of flattening. Housing-market activity is plateauing as Americans grapple with high costs and economic uncertainty. Still, buyers have the upper hand; the typical home that sold went for 1.5% less than its

The typical home that sold last month went for 1.4% less than its final list price—the biggest September discount in six years—as a slow housing market empowered buyers to negotiate. The typical home that sold also spent 50 days on the market—the slowest September pace in nearly a decade. Existing-home sales inched up to the

Active listings fell 1.4% in August—the biggest decline since 2023—as homebuying anxiety spilled over to sellers.  Mortgage rates dropped to the lowest level in about a year, which has led to an increase in refinancing activity but hasn’t yet translated into a jump in sales. Redfin expects existing-home sales to end 2025 roughly in line