Redfin: The value of homes for sale in the United States has reached a record high
2025-06-02 14:38:23
On June 2nd, according to the US real estate brokerage Redfin, the total value of homes for sale in the United States reached $698 billion, an increase of 20.3% over the same period last year and a record high. The reason for the high total value of homes for sale is the increasing inventory, slowing demand and rising home sales prices. The supply of homes hit a five-year high, and there are more sellers than buyers in the market. Homes stay on the market longer. The typical home sold in April was signed for 40 days, which is five days longer than the same period last year. Due to the record monthly housing costs and the general economic instability, would-be home buyers have discouraged the idea of buying a home. Home prices are rising, with the median home sales price in the United States rising 1.4% year-on-year in April.
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