The median sale price just hit an all-time high of $396,500, but price growth is slowing and homes are selling below asking. With inventory up 14.5% year-over-year and down payments shrinking, buyers are regaining leverage. FHA and VA loans are on the rise, more homes are sitting on the market, and sellers are increasingly willing to negotiate.

Read the report here: https://www.redfin.com/news/housing-market-update-home-sale-prices-hit-record-high/

Learn more about your ad choices. Visit megaphone.fm/adchoices