Redfin Reports Homebuying Demand Dips Further as Rates Approach 6% - Seite 2

Unless otherwise noted, this data covers the four-week period ending June 19. Redfin’s weekly housing market data goes back through 2015.

• The median home sale price was up 14% year over year to a record $399,998.
• The median asking price of newly listed homes increased 16% year over year to $405,998.
• The monthly mortgage payment on the median asking price home increased to $2,500 at the current 5.81% mortgage rate. This was up 48% from $1,693 a year earlier, when mortgage rates were 3.02%.
• Pending home sales were down 10% year over year, the largest decline since May 2020.
• New listings of homes for sale were down 2% from a year earlier.
• Active listings (the number of homes listed for sale at any point during the period) fell 5% year over year—the smallest decline since December 2019.
• 48% of homes that went under contract had an accepted offer within the first two weeks on the market, down from 50% a year earlier.
• 34% of homes that went under contract had an accepted offer within one week of hitting the market, down from 36% a year earlier.
• Homes that sold were on the market for a median of 17 days, down from 18 days a year earlier and up slightly from the record low of 15 days set in May and early June.
• 55% of homes sold above list price, up from 53% a year earlier.
• On average, 6.1% of homes for sale each week had a price drop, a record high as far back as the data goes, through the beginning of 2015.
• The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, declined just slightly to 102.4%. In other words, the average home sold for 2.4% above its asking price. This was up from 102.1% a year earlier.

To view the full report, including charts and methodology, please visit: https://www.redfin.com/news/housing-market-update-homebuying-demand-di ...

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