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Redfin Reports Home-Price Growth Is Losing Steam As Buyers Back Off Amid Economic Instability and High Costs

1. Median home-sale prices rose 2.6% year over year as of April 13. 2. Growth rate has decreased from 5-6% seen in early 2024.

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Why Neutral?

While a year-over-year increase is positive, the slowing growth rate indicates a potential cooling market. This mirrors trends seen in past housing downturns, where initial price increases gave way to stagnation or declines over time.

How important is it?

With being directly linked to real estate trends, the slowing growth rate is a considerable concern for RDFN. It suggests a potential shift in the housing market, which can affect transaction volumes and revenues for Redfin.

Why Short Term?

The current trends in home prices may influence buyer sentiment in the short term. Historically, such fluctuations can quickly affect market dynamics, especially if further data show continued declines in metro areas.

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SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, the median home-sale price rose 2.6% year over year during the four weeks ending April 13, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's roughly the same as the increases Redfin has seen over the past month, but down from 5% to 6% growth at the end of 2024 and the start of 2025. On a metro level, the median home-sale price is down from a year ago in 10 of the 50 most populous U.S. m.

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