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