Tag Archives: sale-to-list-price ratio

While both listed and closed prices experienced positive year-over-year growth in June, experts predict that market activity will remain at relatively low levels heading into Q3 2023, with the Federal Reserve continuing to increase rates at a slow pace.

As the total number of homes for sale declined 11% from a year earlier, a new report from Redfin revealed the typical U.S. home is now selling for an estimated $4,000 less than last year’s all-time high, while new listings fell nearly 30% from 2022.

According to a new report from Redfin, high home prices and mortgage rates are pushing the monthly mortgage payment on a median-priced home to $2,573.

”Buyers and sellers alike are looking towards the upcoming Federal Reserve meeting with hope, as some experts anticipate the reversal of rate hikes, which could potentially lead to a resurgence in activity.”

With fewer homes selling than usual this spring, new listings remain sparse, according to a new report from Redfin, resulting in homes being snatched off the market sooner as homebuyers are left with limited options to choose from.

According to a new report from HouseCanary, signs of a market rebound earlier this year retreated in February.

“As we predicted in December, the beginning of 2023 is proving to show slow market activity, as both net new listings and contract volumes are sitting at multi-year lows,” said Jermey Sicklick, Co-Founder and CEO of HouseCanary.