Redfin Reports U.S. Pending Home Sales, New Listings Show Flickers of Life to Start August
Redfin reported that U.S. pending home sales edged up 0.4% week over week during the four weeks ending August 9, though demand remains subdued overall with sales down 1.6% year over year. The average 30-year fixed mortgage rate rose to 6.69%, its highest level in over a year, pushing the median monthly housing payment up 1.7% to $2,626.
Key figures
- Mortgage rate
- 6.69%
- Months of supply
- 3.7
- New listings wow
- 1.7%
- Median sale price
- $403,706
- Pending sales wow
- 0.4%
- Pending sales yoy
- -1.6%
- Median monthly payment
- $2,626
AI analysis
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