Sunday, May 5, 2024 | The Latest Buzz for the Appraisal Industry

Home Seller Asking Prices Up 12% to All-Time High

According to Redfin analysist Tim Ellis, new data shows that asking prices of newly listed homes are up 12% year-over-year to a median of $361,250, an all-time high.  While the market is still red-hot, some metrics collected by Redfin in September covering 400 metro areas are beginning to cool, as is expected for this time of year.  For example, fewer than half of homes are selling above list …

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