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With the 30-year fixed mortgage rate near 7 percent, buyers are seeing more options while sellers cut prices on properties, Redfin says.
A sign at a property in Washington on May 19, 2025. Madalina Vasiliu/The Epoch Times
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The share of homes sold above their listing price was at 28.5 percent for the four weeks ending June 8, down from 32 percent a year back, real estate brokerage Redfin said in a June 12 statement.
The 28.5 percent share is the “lowest level for this time of year since 2020, when the start of the pandemic ground the housing market to a halt,” the company said.
