Redfin Reports Pending Sales Fall as U.S. Home Prices Hit Another Record High
The median
There were some encouraging signs for sellers with mortgage purchase applications rising
“Some homes are moving fast, others are seeing multiple price reductions,� said , a Redfin agent in
For Redfin economists� takes on the housing market, please visit Redfin’s “� page.
Leading indicators |
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Indicators of homebuying demand and activity |
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Value (if applicable) |
Recent change |
Year-over-year change |
Source |
Daily average 30-year fixed mortgage rate |
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Up slightly from |
Down from |
Mortgage News Daily |
Weekly average 30-year fixed mortgage rate |
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Lowest level since early April |
Down from |
Freddie Mac |
Mortgage-purchase applications (seasonally adjusted) |
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Up |
Up |
Mortgage Bankers Association |
Touring activity |
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Up |
At this time last year, it was up |
ShowingTime, a home touring technology company |
Google searches for “home for sale� |
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Highest level in a year (as of July 9) |
Up
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Google Trends |
The Redfin Homebuyer Demand Index has been excluded this week to ensure data accuracy. |
Key housing-market data |
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Redfin’s national metrics include data from 400+ |
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Four weeks ending July 6, 2025 |
Year-over-year change |
Notes |
Median sale price |
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All-time high |
Median asking price |
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Median monthly mortgage payment |
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Lowest level since early March |
Pending sales |
82,218 |
- |
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New listings |
92,347 |
- |
Third consecutive week with a decline |
Active listings |
1,163,431 |
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Smallest increase since February 2024 |
Months of supply |
4.0 |
+0.3 pts. |
4 to 5 is considered balanced, with a lower number indicating seller’s market conditions |
Share of homes off market in two weeks |
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Down from |
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Median days on market |
37 |
+5 days |
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Share of homes sold above list price |
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Down from |
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Average sale-to-list price ratio |
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Down from |
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Metro-level highlights: Four weeks ending July 6, 2025
Redfin’s metro-level data includes the 50 most populous |
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Metros with biggest year-over-year increases |
Metros with biggest year-over-year decreases |
Notes |
Median sale price |
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Declined in 14 metros |
Pending sales |
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Declined in all but 11 metros |
New listings |
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To view the full report, including charts, please visit:
About Redfin
Redfin is a technology-driven real estate company with the country's most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin’s clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.
You can find more information about Redfin and get the latest housing market data and research at . For more information about Rocket Companies, visit .
View source version on businesswire.com:
Contact Redfin
Redfin Journalist Services:
Tana Kelley
[email protected]
Source: Redfin