Redfin Reports Nearly 1 in 5 Sellers is Dropping Their Price, the Highest Rate Since October 2019 - Seite 2

Unless otherwise noted, this data covers the four-week period ending May 22. Redfin’s weekly housing market data goes back through 2015.

• The median home sale price was up 16% year over year to a record $400,000.
• The median asking price of newly listed homes increased 18% year over year to $418,000, a new all-time high.
• The monthly mortgage payment on the median asking price home declined slightly from a record high to $2,425 at the current 5.1% mortgage rate. This was up 42% from $1,708 a year earlier, when mortgage rates were 2.95%.
• Pending home sales were down 5.4% year over year.
• New listings of homes for sale were down 0.9% from a year earlier.
• Active listings (the number of homes listed for sale at any point during the period) fell 13% year over year—the smallest decline since April 2020.
• 55% of homes that went under contract had an accepted offer within the first two weeks on the market, up from 53% a year earlier.
• 40% of homes that went under contract had an accepted offer within one week of hitting the market, up from 40% a year earlier.
• Homes that sold were on the market for a record-low median of 15 days, down from 19 days a year earlier.
• A record 57% of homes sold above list price, up from 50% a year earlier.
• On average, 4.8% of homes for sale each week had a price drop. Overall, 19.1% dropped their price in the past four weeks, up from 13.0% a month earlier and 9.8% a year ago. This was the highest share since October 2019.
• The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, was flat at an all-time high of 102.8%. In other words, the average home sold for 2.8% above its asking price. This was up from 101.6% a year earlier.

To view the full report, including charts and methodology, please visit: https://www.redfin.com/news/housing-market-update-price-drops-surge-to ...

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