Record Home Prices, High Mortgage Rates Push Pending Sales Down for Fourth Straight Week
Redfin reported that the median U.S. home-sale price hit a record $400,894 for the four weeks ending June 7, up 1.5% year-over-year. Pending home sales fell 0.6% week-over-week, marking the fourth straight week of declines, driven by high prices and mortgage rates in the mid-6% range.
Key figures
- New listings
- 364759
- Pending sales
- 338804
- Active listings
- 1488214
- Months of supply
- 3.3
- Median sale price
- 400894
- Pending sales wow
- -0.6%
- Pending sales yoy
- 4%
- Median sale price yoy
- 1.5%
- Median monthly payment
- 2619
- Mortgage rate 30yr daily
- 6.67%
- Mortgage rate 30yr weekly avg
- 6.48%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.