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May 31, 2023

Home Values Decline in April, Redfin Reports

The median home price fell 4.1% year-over-year in April to $408,031, reflecting a loss of $17,603, the largest drop in dollar value on record, Redfin reported May 22. Pandemic boomtowns experienced the steepest declines, especially Oakland, California, where home values dropped 16.1% from the same point a year ago, and Austin, Texas, where prices dropped 15.3%.

 

May 31, 2023

Pending Home Sales Flat, Some Regions See Small Gains: NAR

The National Association of Realtors’ Pending Home Sales Index recorded no change between March and April, although three regions — the South, West and Midwest — notched slight increases while the Northeast saw a decrease, NAR reported May 25. The report noted that the lack of inventory and high home prices are to blame for the stagnant market.

 
Results: 12 Articles found.

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