Redfin: “Rising Supply & Slow Demand Could Dampen Price Growth”

Redfin: “There are signs that price growth may lose momentum soon.” The US median sale price reached a new record high for the 9th consecutive week but the share of price reductions has been on the rise, homes are taking longer to sell and on average homes are selling for slightly below the seller’s asking price. In today’s video, I share the latest housing market trends for the United States based on Redfin’s latest housing market update (link below).