U.S. Home Prices Resume Growth, Up 2.8% in April

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Sales flattened as housing supply rose 3.1%, the smallest year-over-year increase in 7 months U.S. home-sale prices edged up in April, growing 2.8 percent from a year ago, to a median of $307,600 across the metros Redfin tracks. This marks a rebound from March’s slight year-over-year price decline–the first since early 2012–and a return to the around 3 percent growth … Read More

Housing Inventory Up 5% in November—Fastest Growth in 3 Years—as Sales Decline 8%

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Prices post sub-4% growth for third consecutive month Balance of supply and demand is shifting toward homebuyers’ favor in markets like San Francisco, Seattle, Denver, Dallas, and Portland, Oregon U.S. home-sale prices increased 3.3 percent in November compared to a year ago, to a median of $298,800. November marked the third straight month of annual home price gains under 4 … Read More

Housing Inventory Crunch Finally Subsides as Supply Posts First Annual Gain in Nearly Three Years

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September Home Sales Slump, Prices Post Smallest Increase Since the Market Bottomed in 2012 U.S. home-sale prices increased just 2.1 percent in September compared to a year ago, to a median of $292,000 across the 171 metros Redfin tracks. This was the smallest increase in home prices we’ve seen since February 2012, when the median home price bottomed out at … Read More

Chicago Home Prices Rise Amid Lowest Inventory in Years

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Chicago home prices were up 8.4 percent in December from a year earlier, with the typical home selling for $237,250. Sales fell 2.8 percent. Prices soared in part because of a lack of inventory. The number of homes for sale fell 6.9 percent, the ninth-straight month of decline. Chicago had only 10,645 homes for sale last month, the fewest this … Read More

Chicago Home Prices Rise Amid Lowest Inventory in Years

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Chicago home prices were up 8.4 percent in December from a year earlier, with the typical home selling for $237,250. Sales fell 2.8 percent. Prices soared in part because of a lack of inventory. The number of homes for sale fell 6.9 percent, the ninth-straight month of decline. Chicago had only 10,645 homes for sale last month, the fewest this … Read More

San Francisco Home Prices Continue Their March Upward; Marina Demands a Record $2.5 Million

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San Francisco home values rose 14.3 percent in November from a year earlier, posting a median sale price of $1.2 million, the highest since May. Sales were down 10.3 percent from last November, the fifth-straight month of slowing activity. Compared to a year earlier, the inventory of homes for sale barely budged for the third-straight month after six months of … Read More