Typical Home Now Sells For Less Than Asking Price
The average sale-to-list ratio fell below 100 percent for the first time since March 2021, per Redfin
The average sale-to-list ratio fell below 100 percent for the first time since March 2021, per Redfin
The median asking price of newly listed homes is down 1.5 percent from the Spring
The median sale price hit $360,250—a 30 percent increase from 2019
For the four-week period ending Nov. 14, new listings were down 3 percent from a year earlier
For the four-week period ending Sept. 26, pending sales had the smallest year-over-year increase since June of 2020
The share of sellers dropping their price rose to 5.1 percent, but pending sales are still 10 percent
Homes are staying on the market a little longer—on average 17 days
Asking prices on new listings and sending home sales were also down slightly
Ever so slowly, the data is pointing to a slowing market where prices slide down as inventory ticks up
Despite selling at their fastest pace and for their highest prices on record, overall sales were down
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