Redfin: Home Prices Fall for a Fourth Straight Week; Monthly Payments Hit a Six-Week Low of $2,755
U.S. home-sale prices fell for the fourth week in a row, Redfin reported November 12, with the median sale price at $388,613 for the four weeks ending November 8, down 0.9% year over year. The median monthly mortgage payment dropped to $2,755 at a 7.18% rate, the lowest in six weeks and $65 less than a month earlier.
Pending sales were essentially flat but remain at the lowest level in records dating to 2021, and there are about 600,000 more sellers than buyers nationwide, with condo sellers outnumbering buyers more than 2 to 1. Daily rates touched a six-week low of 7.17% last week but have since ticked back up after a hotter-than-expected inflation report.
Source: Redfin
Published by GSM · USA (original Chinese edition)
Photo: 图：美国弗吉尼亚州 Wolf Trap 的住宅社区（资料图）。Ser Amantio di Nicolao 摄，维基共享资源 CC BY-SA 4.0。 / Photo: A residential neighborhood in Wolf Trap, Virginia (file photo). Photo by Ser Amantio di Nicolao, Wikimedia Commons (CC BY-SA 4.0).
