Tag Archives: Daryl Fairweather

For the first time in 15 months, home sales have slowed, as 52% of homes are still selling above their list price as inventory remains restricted in most metros.  

While the market continues to favor sellers, 432,000 newly listed homes hit the market in August, with once-hotly-contested bidding wars cooling to close out Q3.

While homebuying demand has dipped slightly, pending sales remain 10% above this time last year, according to a new analysis from Redfin.

Real estate economists say the usual factors that slow down home sales each fall are happening—just very gradually.

Demand has softened, a plus for buyers, while still-soaring prices provide equity, a buffer for financially strained homeowners.

For the first time in months, home prices failed to hit record highs—that and several more market indicators suggest a slowly turning tide.

Median home-sale prices have increased to a record high 19% year-over-year in June, forcing more to hold back their purchases or opt for cheaper housing alternatives.

Even higher-end homes were not safe to price hikes and bidding wars in 2021, with the luxury market seeing increases.

For the first time in 2021, the demand for homes has fallen below last year’s levels, with high prices turning many would-be buyers away from a still-completive marketplace.

Despite the housing market experiencing a minor slowdown, Redfin agents are reporting competition remaining moderately fierce for the short supply available.