General World News

The typical American house price keeps hitting record highs. Redfin says the rise is ‘concerning.’

compass real estate brokerage sign

Summary List Placement

Housing prices keep going up, and real-estate firms are starting to worry about it.

In a Friday report, Redfin said the median home-sale price for the four weeks ending March 21 was $331,590 — a record high, and a 16% year-over-year increase.

It’s the latest in a series of record highs. National Association of Realtors data shows at least six record highs dating back to March 2020, although its data differs slightly from Redfin’s. For the period ending March 21, Redfin found six different record-setting trends alone.

“It’s concerning how much home prices have risen during details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com