{"id":79316,"date":"2025-02-20T05:00:36","date_gmt":"2025-02-20T13:00:36","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=79316"},"modified":"2025-02-19T14:47:25","modified_gmt":"2025-02-19T22:47:25","slug":"housing-market-update-good-news-for-homebuyers-2025","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/housing-market-update-good-news-for-homebuyers-2025\/","title":{"rendered":"Some Good News For Homebuyers: Slower Price Growth, More Supply and More Bargaining Power"},"content":{"rendered":"<p><i><span style=\"font-weight: 400;\">The median monthly housing payment remains near record highs, but slowing price growth, declining mortgage rates and a pileup of supply is giving homebuyers in certain parts of the country room to negotiate. <\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The median U.S. home-sale price rose 3.7% year over year during the four weeks ending February 16, the smallest increase since September. Additionally, the weekly average mortgage rate dipped to <\/span><a href=\"https:\/\/www.freddiemac.com\/pmms\"><span style=\"font-weight: 400;\">6.87%<\/span><\/a><span style=\"font-weight: 400;\">, its lowest level of the year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While typical monthly housing costs remain near record highs, decelerating price growth and gradually declining rates are among several small pieces of good news for house hunters this week. Here are the others:<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Homebuyers have more total inventory to choose from<\/b><span style=\"font-weight: 400;\">. There are five months of supply on the market, up from 4.1 months a year earlier and the most since early 2019 (except the 4 weeks ending January 26, when there were 5.1 months). Supply is piling up because listings are rising while pending home sales are falling.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Buyers have more <\/b><b><i>new <\/i><\/b><b>inventory to choose from, too. <\/b><span style=\"font-weight: 400;\">New listings are up 4.2% year over year to their highest level for any comparable time period in three years.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Buyers have more negotiating power. <\/b><span style=\"font-weight: 400;\">The typical home is selling for 2% less than its asking price, the biggest discount in two years. Additionally, the typical home that sells is taking 57 days to go under contract, the longest span in five years. A slow market in which the typical home is selling under list price means buyers in many markets have the opportunity to negotiate on prices and terms.\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Some markets are <\/span><a href=\"https:\/\/www.redfin.com\/news\/buyers-market-february-2025\/\"><span style=\"font-weight: 400;\">more buyer friendly<\/span><\/a><span style=\"font-weight: 400;\"> than others. For example, the coastal Florida market is tilting in buyers&#8217; favor, while sellers are generally in the driver\u2019s seat in some West Coast and Northeast markets. Additionally, these conditions may be short-lived as more buyers come off the sidelines. Home-touring activity is rising, according to both ShowingTime data and Google data, and Redfin agents in certain areas report that house hunters are gearing up for spring homebuying season.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIf a home needs work or it\u2019s priced too high, it\u2019s sitting on the market,\u201d said <a href=\"https:\/\/www.redfin.com\/real-estate-agents\/cody-brownfield\">Cody Brownfield<\/a>, a Redfin <a href=\"https:\/\/www.redfin.com\/premier\">Premier<\/a> agent in Cincinnati. \u201cThat\u2019s when a buyer has bargaining power. But updated homes that are priced right\u2013especially those located in desirable neighborhoods with highly rated schools\u2013are selling quickly, sometimes for tens of thousands of dollars over the asking price. It seems like every buyer is looking for the same type of house.\u201d<\/span><\/p>\n<h3>Pending sales, listings are up in Los Angeles in aftermath of wildfires<\/h3>\n<p><span style=\"font-weight: 400;\">In Los Angeles, pending home sales rose 7.4% from a year earlier during the four weeks ending February 16, making it one of just seven major metros where sales are increasing. New listings in Los Angeles rose 21.9%, the third-biggest increase in the U.S.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The uptick in housing-market activity among both homebuyers and sellers likely stems from January\u2019s Palisades and Eaton wildfires, which destroyed <\/span><a href=\"https:\/\/www.redfin.com\/news\/los-angeles-wildfires-housing-statistics\/\"><span style=\"font-weight: 400;\">thousands<\/span><\/a><span style=\"font-weight: 400;\"> of homes in Los Angeles. Some affluent buyers who lost their homes are now buying new ones, and some homeowners are selling to meet the demand. Additionally, some buyers throughout Los Angeles pressed pause on their house hunt in January and are picking it back up now. <\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">For Redfin economists\u2019 takes on the housing market, please visit Redfin\u2019s \u201c<\/span><\/i><a href=\"https:\/\/www.redfin.com\/news\/from-our-economists\/\"><i><span style=\"font-weight: 400;\">From Our Economists<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">\u201d page.<\/span><\/i><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3>Leading indicators<\/h3>\n<table>\n<tbody>\n<tr>\n<td colspan=\"5\"><b>Indicators of homebuying demand and activity<\/b><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><b>Value (if applicable)<\/b><\/td>\n<td><b>Recent change<\/b><\/td>\n<td><b>Year-over-year change<\/b><\/td>\n<td><b>Source<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Daily average 30-year fixed mortgage rate<\/b><\/td>\n<td><span style=\"font-weight: 400;\">7.03% (Feb. 19)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 7.13% a week earlier<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 7.16%<\/span><\/td>\n<td><a href=\"https:\/\/www.mortgagenewsdaily.com\/mortgage-rates\/30-year-fixed\"><span style=\"font-weight: 400;\">Mortgage News Daily\u00a0<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><b>Weekly average 30-year fixed mortgage rate<\/b><\/td>\n<td><span style=\"font-weight: 400;\">6.87% (week ending Feb. 13)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 7.04% a month earlier<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Up from 6.77%<\/span><\/td>\n<td><a href=\"https:\/\/www.freddiemac.com\/pmms\"><span style=\"font-weight: 400;\">Freddie Mac<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><b>Mortgage-purchase applications (seasonally adjusted)<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Down 6%\u00a0 from a week earlier (as of week ending Feb. 14)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Up 7%<\/span><\/td>\n<td><a href=\"https:\/\/www.mba.org\/news-and-research\/newsroom\/news\/2025\/02\/19\/mortgage-applications-decrease-in-latest-mba-weekly-survey\"><span style=\"font-weight: 400;\">Mortgage Bankers Association<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Redfin Homebuyer Demand Index (seasonally adjusted)<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Near 6-month low<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(as of week ending Feb. 16)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down 1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Redfin Homebuyer Demand Index, a measure of tours and other homebuying services from Redfin agents<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Touring activity<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Up 13% from the start of the year (as of Feb. 18)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">At this time last year, it was up 14% from the start of 2024<\/span><\/td>\n<td><a href=\"https:\/\/showingtimeplus.com\/daily-showing-activity\"><span style=\"font-weight: 400;\">ShowingTime<\/span><\/a><span style=\"font-weight: 400;\">, a home touring technology company<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Google searches for \u201chome for sale\u201d<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Up 15% from a month earlier (as of Feb. 18)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Up 8%<\/span><\/td>\n<td><a href=\"https:\/\/trends.google.com\/trends\/explore?date=today%205-y&amp;geo=US&amp;q=homes%20for%20sale#cmpt=q\"><span style=\"font-weight: 400;\">Google Trends\u00a0<\/span><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Key housing-market data<\/h3>\n<table>\n<tbody>\n<tr>\n<td colspan=\"5\"><b>U.S. highlights: Four weeks ending Feb. 16, 2025<\/b><\/p>\n<p><i><span style=\"font-weight: 400;\">Redfin\u2019s national metrics include data from 400+ U.S. metro areas, and are based on homes listed and\/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision.\u00a0<\/span><\/i><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><b>Four weeks ending Feb. 16, 2025<\/b><\/td>\n<td><b>Year-over-year change<\/b><\/td>\n<td><\/td>\n<td><b>Notes<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Median sale price<\/b><\/td>\n<td><span style=\"font-weight: 400;\">$375,475<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.7%<\/span><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Smallest increase in nearly 5 months<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Median asking price<\/b><\/td>\n<td><span style=\"font-weight: 400;\">$409,725<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.3%<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Median monthly mortgage payment<\/b><\/td>\n<td><span style=\"font-weight: 400;\">$2,750 at a 6.87% mortgage rate<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.1%<\/span><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">$32 shy of all-time high<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Pending sales<\/b><\/td>\n<td><span style=\"font-weight: 400;\">71,454<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-6.8%<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>New listings<\/b><\/td>\n<td><span style=\"font-weight: 400;\">79,969<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.2%<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Active listings<\/b><\/td>\n<td><span style=\"font-weight: 400;\">912,471<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.3%<\/span><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Smallest increase in nearly a year<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Months of supply\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">5<\/span><\/td>\n<td><span style=\"font-weight: 400;\">+0.9 pts. to second-longest span since early 2019 (there were 5.1 months during the 4 weeks ending Jan. 26)<\/span><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">4 to 5 <\/span><a href=\"https:\/\/www.redfin.com\/definition\/monthsof-supply\"><span style=\"font-weight: 400;\">months of supply<\/span><\/a><span style=\"font-weight: 400;\"> is considered balanced, with a lower number indicating seller\u2019s market conditions\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Share of homes off market in two weeks\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">32.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 35%<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Median days on market<\/b><\/td>\n<td><span style=\"font-weight: 400;\">57<\/span><\/td>\n<td><span style=\"font-weight: 400;\">+7 days to longest span since March 2020<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Share of homes sold above list price<\/b><\/td>\n<td><span style=\"font-weight: 400;\">21.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 23%<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Average sale-to-list price ratio\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">98%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 98.2%<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<thead>\n<tr>\n<th colspan=\"4\">\n<p style=\"text-align: left;\"><b>Metro-level highlights: Four weeks ending Feb. 16, 2025<\/b><\/p>\n<p style=\"text-align: left;\"><i><span style=\"font-weight: 400;\">Redfin\u2019s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.\u00a0<\/span><\/i><\/p>\n<\/th>\n<\/tr>\n<tr>\n<th style=\"text-align: left;\"><\/th>\n<th style=\"text-align: left;\"><b>Metros with biggest year-over-year increases<\/b><\/th>\n<th style=\"text-align: left;\"><b>Metros with biggest year-over-year decreases<\/b><\/th>\n<th style=\"text-align: left;\">\n<p style=\"text-align: left;\"><b>Notes<\/b><\/p>\n<\/th>\n<\/tr>\n<tr>\n<th style=\"text-align: left;\"><b>Median sale price<\/b><\/th>\n<th style=\"text-align: left;\"><span style=\"font-weight: 400;\">Pittsburgh (15%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Milwaukee (14%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">San Jose, CA (13.6%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nassau County, NY (12.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cincinnati, OH (10.8%)<\/span><\/th>\n<th style=\"text-align: left;\"><span style=\"font-weight: 400;\">Austin, TX (-5.3%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tampa, FL (-1.2%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jacksonville, FL (-0.6%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dallas (-0.4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Atlanta (-0.3%)<\/span><\/th>\n<th style=\"text-align: left;\"><span style=\"font-weight: 400;\">Declined in 7 metros<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><b>Pending sales<\/b><\/td>\n<td><span style=\"font-weight: 400;\">San Francisco (17.7%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Anaheim, CA (8.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Los Angeles (7.4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Milwaukee (3.8%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Columbus, OH (3.4%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Miami (-22.6%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Houston (-20.6%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jacksonville, FL (-18.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">San Antonio (-17.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Atlanta (-16.8%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Increased in 7 metros<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>New listings<\/b><\/td>\n<td><span style=\"font-weight: 400;\">San Jose, CA (27.4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Phoenix (23.7%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Los Angeles (21.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Denver (17.4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sacramento, CA (15.4%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Detroit (-21.2%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Warren, MI (-10.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Newark, NJ (-8.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jacksonville, FL (-7.2%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">San Antonio (-7.2%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Declined in 18 metros<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Refer to our <\/span><a href=\"https:\/\/www.redfin.com\/news\/data-center-metrics-definitions\/\"><span style=\"font-weight: 400;\">metrics definition page<\/span><\/a><span style=\"font-weight: 400;\"> for explanations of all the metrics used in this report.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-79317 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sale-price-219.png\" alt=\"\" width=\"898\" height=\"668\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sale-price-219.png 898w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sale-price-219-300x223.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sale-price-219-768x571.png 768w\" sizes=\"(max-width: 898px) 100vw, 898px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-79318 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/asking-price-219.png\" alt=\"\" width=\"901\" height=\"670\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/asking-price-219.png 901w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/asking-price-219-300x223.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/asking-price-219-768x571.png 768w\" sizes=\"(max-width: 901px) 100vw, 901px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-79319 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/housing-payments-219.png\" alt=\"\" width=\"899\" height=\"669\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/housing-payments-219.png 899w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/housing-payments-219-300x223.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/housing-payments-219-768x572.png 768w\" sizes=\"(max-width: 899px) 100vw, 899px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79320 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/pending-sales-219.png\" alt=\"\" width=\"897\" height=\"674\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/pending-sales-219.png 897w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/pending-sales-219-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/pending-sales-219-768x577.png 768w\" sizes=\"(max-width: 897px) 100vw, 897px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79321 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/new-listings-219.png\" alt=\"\" width=\"899\" height=\"671\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/new-listings-219.png 899w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/new-listings-219-300x224.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/new-listings-219-768x573.png 768w\" sizes=\"(max-width: 899px) 100vw, 899px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79322 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/active-listings-219.png\" alt=\"\" width=\"898\" height=\"670\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/active-listings-219.png 898w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/active-listings-219-300x224.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/active-listings-219-768x573.png 768w\" sizes=\"(max-width: 898px) 100vw, 898px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79323 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/mos-219.png\" alt=\"\" width=\"892\" height=\"676\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/mos-219.png 892w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/mos-219-300x227.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/mos-219-768x582.png 768w\" sizes=\"(max-width: 892px) 100vw, 892px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79324 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/two-weeks-219.png\" alt=\"\" width=\"896\" height=\"677\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/two-weeks-219.png 896w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/two-weeks-219-300x227.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/two-weeks-219-768x580.png 768w\" sizes=\"(max-width: 896px) 100vw, 896px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79325 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/dom-219.png\" alt=\"\" width=\"901\" height=\"670\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/dom-219.png 901w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/dom-219-300x223.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/dom-219-768x571.png 768w\" sizes=\"(max-width: 901px) 100vw, 901px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79326 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sold-above-list-219.png\" alt=\"\" width=\"897\" height=\"669\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sold-above-list-219.png 897w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sold-above-list-219-300x224.png 300w, 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srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/demand-index-219.png 896w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/demand-index-219-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/demand-index-219-768x576.png 768w\" sizes=\"(max-width: 896px) 100vw, 896px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The median monthly housing payment remains near record highs, but slowing price growth, declining mortgage rates and a pileup of supply is giving homebuyers in certain parts of the country room to negotiate. The median U.S. home-sale price rose 3.7% year over year during the four weeks ending February 16, the smallest increase since September. [&hellip;]<\/p>\n","protected":false},"author":13153,"featured_media":79329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.","url":"https:\/\/www.redfin.com\/news\/author\/dana-andersonredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/79316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13153"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=79316"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/79316\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/79329"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=79316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=79316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=79316"},{"taxonomy":"dashboard","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/dashboard?post=79316"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=79316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}