Redfin Reports List Prices Fall for the First Time Since March
Redfin, the brokerage owned by Rocket Companies, reported the median U.S. asking price fell 0.3% year over year in the four weeks ending Oct. 11 — the first decline since March. Pending home sales remained near record lows at 286,531, down 12.7% year over year, while 22% of active sellers cut their asking prices, the highest share in Redfin's records.
Key figures
- Pending sales
- 286531
- Months of supply
- 4.2
- Median sale price
- 391116
- Pending sales yoy
- -12.7%
- Mortgage rate oct8
- 7.4%
- Median days on market
- 49
- Median sale price yoy
- 0.5%
- Median asking price yoy
- -0.3%
- Share listings price drops
- 22%
- Median monthly mortgage payment
- 2777
AI analysis
Red flags2 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.