Redfin Reports the Typical Home Is Selling for Less Than List Price, the First Time That Has Happened in Late Spring Since Start of Pandemic
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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Source: Business Wire
High housing costs—and high temperatures—are keeping prospective homebuyers on the sidelines, making it more common for homes to sell below list price. This could be a sign that home-price growth will lose momentum in the coming months. SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. home that sold during the four weeks ending June 23 sold for 0.3% less than its asking price, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This marks the first time the typical home has sold under list price this time of year since the onset of the pandemic in 2020, when the housing market nearly ground to a halt. The typical home sold for exactly its list price one year ago, and roughly 2% above its list price two years ago.Additionally, just under two-thirds (32.3%) of U.S. homes sold over asking price during that period. That’s the lowest share of any June since 2020, and down from 36% a year earlier. Nearly 7% of home sellers dropped
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RDFN
Earnings
- 5/7/24 - Beat
RDFN
Sec Filings
- 6/20/24 - Form 4
- 6/20/24 - Form 4
- 6/20/24 - Form 4
- RDFN's page on the SEC website