Just 28 out of every 1,000 U.S. homes changed hands in the first nine months of 2025, the lowest rate since the 1990s. Affordability challenges and uncertainty about the economy are keeping buyers and sellers on the sidelines. Homes turned over the most in Virginia Beach, VA and West Palm Beach, FL, while turning over […]
The typical U.S. luxury home sold for $1,262,000 in September, up 4.8% from a year earlier to a record high for the month. Luxury home sales were essentially unchanged (+0.3%) from a year earlier, showing signs of stabilization after last year’s sharp slowdown. Non-luxury home sales fell 0.3% year over year, remaining near their lowest
U.S. Luxury Home Prices Rose 5% in September, Twice the Pace of Non-Luxury Prices Read More »
That’s still well above pre-pandemic levels. The pool of existing inventory is rising as more homeowners list and homes linger on the market. At the same time, some builders are refraining from starting new projects as they try to offload inventory. House hunters who are interested in new construction may want to act now, while
27% of For-Sale Homes Are Newly Built, the Lowest Share in 4 Years Read More »
Pending home sales jumped 17% year over year in San Francisco last month—more than any other major metro. The typical home also sold in roughly 20 days—over twice as fast as the typical U.S. home. The housing market in the San Francisco Bay Area is picking up steam thanks to rising incomes, an AI boom
Bay Area Housing Market Heats Up Amid AI Boom, Return to Office Read More »
Nationwide, there are an estimated 37% more sellers than buyers—a near-record gap that’s giving buyers across the country negotiating power. There are seven metros where sellers outnumber buyers by at least 2-to-1, and all but one are in Texas or Florida. There are five remaining seller’s markets, the strongest of which is Newark, NJ. Sale
Housing costs are frightful and economic jitters are in the air, leading some buyers to leave sellers in the lurch. Just over 53,000 home-purchase agreements nationwide were canceled in September, equal to 15% of homes that went under contract that month. That’s up from 13.6% a year earlier. This is based on a Redfin
Sellers Are Getting Ghosted: 15% of Homebuying Contracts Were Canceled in September Read More »
