The typical homebuyer’s down payment was down 10% year over year in January 2023, according to a report released Wednesday by Redfin.

The report is based on data collected by Redfin from county record across 40 of the most populous metropolitan areas.

Redfin found that the typical U.S. homebuyer made a $42,375 down payment in January, the smallest typical down payment recorded in nearly two years. January’s typical down payment is down 35% from the high recorded in June 2022, but still up 30% compared to pre-pandemic levels.

January was the third straight month in which the median down details ⇒

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