Pending home sales have hit their lowest level for this time of year since 2015, as high mortgage rates and rising prices continue to sideline buyers. Meanwhile, sellers are cutting deals: Just 28.5% of homes sold above asking, and the median sale price is nearly $29,000 below the median list price.

But with the economy suddenly showing signs of strength, will the summer market prove to be better?

Read the Redfin report here: https://www.redfin.com/news/housing-market-update-fewer-homes-selling-above-asking-price/

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