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The typical home took 39 days to go under contract last month, the longest span for any June since 2020 👉 bit.ly/3IRatNe #realestate Homes took longest to find a buyer in: 1. Miami, 88 days 2. West Palm Beach, 88 days 3. Fort Lauderdale, 84 days

Asking prices are losing steam as sellers realize they must price lower to attract buyers. Slowing price growth along with the median U.S. mortgage payment falling to its lowest level in five months is good news for homebuyers 🏡 #housing redfin.com/news/housing-m…
Homebuyers are backing out of deals at a higher rate than usual, largely because we’re in a buyer’s market: If a better home comes along, they’re moving on. Sellers should remain open to negotiations and concessions to appeal to buyers. #housingmarket redfin.com/news/pending-s…
Buyer demand is slowing, and inventory is piling up, discouraging some homeowners from selling. While prices remain high and sales hit a nine-month low, affordable regions like the Rust Belt are seeing more stable activity. #realestate redfin.com/news/home-list…
The housing market has been tilting in buyers' favor for months, with buyers negotiating prices down and getting concessions. The slowdown in asking-price growth is a sign that sellers are coming to terms with the reality of today's buyer's market. redfin.com/news/housing-m…
While the housing market is favoring buyers, the risk of selling at a loss is still historically low. This is good news for buyers too because sellers with significant equity in their homes—and no risk of selling at a loss—are more flexible on price 👉 bit.ly/3U5J9NG

Asking rents fell in over half the major U.S. metros we analyzed in June 👉 bit.ly/4eEElZ0 #housingmarket Rent prices fell most year over year in: 1. Minneapolis, -5.8% 2. Austin, -5.7% 3. Las Vegas, -4%

Rent prices have declined slightly but steadily over the last several months because there’s more apartment supply than demand. In certain parts of the U.S., renters may be able to negotiate discounted rent, flexible leases, or free parking. #housing redfin.com/news/asking-re…
Buyers were a bit more active after mortgage rates dipped last week, with tours rising and Google searches for “homes for sale” hitting a yearly high. Prices are elevated, but with homes sitting longer, the market is turning in buyers’ favor. #housing redfin.com/news/pending-s…
Condo sale prices fell 2% year over year to $354,100 in May—the second largest drop in records dating back to 2012. Prices are falling because there are roughly 80% more condo sellers than buyers in the market, meaning some buyers can score a deal. redfin.com/news/condo-pri…
Many would-be sellers are pulling back as it becomes more clear that the housing market is tilting in buyers’ favor in much of the U.S. For those ready to sell, price your home realistically based on recent sales to attract buyers. #housing redfin.com/news/housing-m…
Nearly 6% of U.S. home sellers are at risk of selling at a loss, up from 4.4% a year ago, but still well below pre-pandemic levels. The risk of selling at a loss ranges widely—from nearly 20% in San Francisco to almost 0% in Providence, RI. #realestate redfin.com/news/selling-a…
Home prices, while at a record high for this time of year, are growing at the slowest pace since 2023. That's because there are significantly more home sellers than buyers in today’s market—giving buyers more negotiating power. #realestate redfin.com/news/home-pric….
The number of major metros where a luxury home costs less than $1M has dropped from 30 to just seven since 2020. So, where can you still buy a luxury home under $1M? Detroit, Cleveland, Pittsburgh, Indianapolis, St. Louis, Cincinnati, and San Antonio. redfin.com/news/luxury-ho…
U.S. home-sale prices have hit an all-time high, but they’re much lower than asking prices. Many sellers are open to negotiating because there are so many more sellers than buyers in today’s market. #housing redfin.com/news/housing-m…
Mortgage rates will remain steady after the Fed left rates unchanged today. The Fed maintained a forecast of two rate cuts in the second half of 2025, but many officials predict no cuts, reflecting the growing uncertainty about the economy. redfin.com/news/fed-meeti…
We’ve teamed up with @Thumbtack to help you tackle your home improvement projects 🏠 🛠️ You can now browse top home improvement services, connect with trusted pros, and easily get cost estimates all from your Owner Dashboard. redfin.com/news/redfin-th…