Friday, 20 May 2022 | The Latest Buzz for the Appraisal Industry

Redfin: Home Sales Down 6 Percent Year Over Year, Prices Keep Rising

According to a new report from Redfin, the national median home-sale price rose 16% year over year to $380,271 in August, marking the 13th consecutive month of double-digit price gains but the lowest growth rate since February.

Moreover, seasonally adjusted home sales in August were down 6% from a year earlier – the first annual decline in 15 months. They were also down 1.4% from July.

Compared to August 2020, home sales fell in

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