{"id":513518,"date":"2021-07-15T08:34:01","date_gmt":"2021-07-15T12:34:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/home-sales-dipped-1-2-from-may-to-june-the-largest-late-spring-decline-since-at-least-2012\/"},"modified":"2021-07-15T08:34:01","modified_gmt":"2021-07-15T12:34:01","slug":"home-sales-dipped-1-2-from-may-to-june-the-largest-late-spring-decline-since-at-least-2012","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/home-sales-dipped-1-2-from-may-to-june-the-largest-late-spring-decline-since-at-least-2012\/","title":{"rendered":"Home Sales Dipped 1.2% From May to June, the Largest Late-Spring Decline Since At Least 2012"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Still, homes sold at their fastest pace and for their highest prices on record<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SEATTLE<\/span>, <span class=\"xn-chron\">July 15, 2021<\/span> \/PRNewswire\/ &#8212; (NASDAQ: RDFN) \u2014 Seasonally-adjusted home sales fell 1.2% from May to June, according to a new <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3229150-1&amp;h=1499714008&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fjune-housing-market-home-sales-decline%2F&amp;a=report\" rel=\"nofollow noopener\">report<\/a><\/u> from Redfin (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3229150-1&amp;h=2007528419&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener\">www.redfin.com<\/a><\/u>), the technology-powered real estate brokerage. This marks the largest drop at this time of year on record through at least 2012, suggesting that the housing market frenzy may have peaked for the year. Homes sold for their highest prices and at their fastest pace on record, but measures for market speed and competition seem to be at or near peak levels for this year.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg\" title=\"Redfin Logo (PRNewsfoto\/Redfin)\" alt=\"Redfin Logo (PRNewsfoto\/Redfin)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The following measures all hit new records in June according to Redfin&#8217;s data, which goes back through 2012:<\/p>\n<ul type=\"disc\">\n<li>The national median home-sale price hit a record high of <span class=\"xn-money\">$386,888<\/span>, up 25% year over year (down from the record of 26% in May). <\/li>\n<li>The number of homes for sale fell to a record low, down 28% from 2020. <\/li>\n<li>The typical home sold in just 14 days, a record low and down from 39 days in <span class=\"xn-chron\">June 2020<\/span>. <\/li>\n<li>56% of homes sold above their list price, a record high, up from 27% a year ago. <\/li>\n<li>The average sale-to-list ratio, a measure of how close homes are selling to their asking price, hit a record high of 102.6%. In other words, the average home sold for 2.6% above list price.<\/li>\n<\/ul>\n<p>Pandemic lockdowns significantly slowed homebuying and selling, and they slightly depressed sale prices in <span class=\"xn-chron\">June 2020<\/span>. That means the year-over-year trends for home prices, pending sales, closed sales and new listings are exaggerated. For more context, Redfin&#8217;s full report includes extra charts that better highlight recent changes.<\/p>\n<p>&#8220;In June we entered a new phase of the housing market,&#8221; said Redfin Chief Economist <span class=\"xn-person\">Daryl Fairweather<\/span>. &#8220;Home sales are starting to stall because prices have increased beyond what many buyers can afford. This summer I expect home prices to stabilize as more homeowners list their homes, realizing they likely won&#8217;t fetch a higher price by waiting longer to sell. But as rents rise, homeownership will become appealing to more people, and home sales will rev back up by 2022.&#8221;<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prnsbts prnrbrs prnvab prnsbbs prntal prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Market Summary<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>June 2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Month-Over-Month<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Year-Over-Year<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Median sale price<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$386,900<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.9%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">24.8%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Homes sold, seasonally adjusted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">602,800<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-1.2%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">21.7%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Pending sales, seasonally adjusted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">562,800<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.3%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">19.4%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">New listings, seasonally adjusted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">630,900<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.7%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8.1%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">All Homes for sale, seasonally-adjusted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,315,400<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-2.6%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-27.5%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Median days on market<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">14<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-1<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-24<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Months of supply<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.1<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-0.1<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-1.1<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Sold above list<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">56.4%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.8 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">29.5 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Median Off-Market Redfin Estimate<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$350,500<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.8%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">15.6%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Average Sale-to-list<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">102.6%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.4 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.9 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Average 30-year fixed mortgage rate<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.98%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+0.02 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-0.18 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prnsbt1 prnrbrs prnvab prnsbbs prntar prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2020 &#8211;<i> &#8220;pts&#8221; = percentage-point change<\/i><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>Median sale prices increased from a year earlier in all of the 85 largest metro areas Redfin tracks.\u00a0 The largest price increase was in <span class=\"xn-location\">Austin, TX<\/span> (+43%), where a typical 3-bedroom, 2-bathroom suburban <span class=\"xn-location\">Austin<\/span> home sold for about <span class=\"xn-money\">$485,000<\/span> last month, up from about <span class=\"xn-money\">$340,000<\/span> a year earlier.\u00a0 <\/p>\n<p>&#8220;Home price growth over the last few months in <span class=\"xn-location\">Austin<\/span> has been astronomical,&#8221; said Redfin Austin market manager <span class=\"xn-person\">Jennifer Hoffer<\/span>. &#8220;There has been a perfect storm of factors driving up price here with tech firms like Tesla, Amazon and Oracle announcing expansions in <span class=\"xn-location\">Austin<\/span>, celebrities relocating here, and overall a whole lot of really great press for the area.&#8221;<\/p>\n<p>The next biggest price increases were seen in <span class=\"xn-location\">Lake County, IL<\/span> (+31%) and <span class=\"xn-location\">Phoenix<\/span> (+30%). The smallest price increase was posted in <span class=\"xn-location\">San Francisco<\/span>, where prices were up 2.6% from a year ago.<\/p>\n<p>Seasonally-adjusted home sales in June were up 22% from a year earlier, but down 1.2% from May. Compared to <span class=\"xn-chron\">June 2020<\/span>, home sales rose in all but four of the 85 largest metro areas Redfin tracks. The biggest declines in sales were in <span class=\"xn-location\">Fort Worth<\/span> (-8%), <span class=\"xn-location\">Dallas<\/span> (-3%) and <span class=\"xn-location\">San Antonio<\/span> (-3%). The largest gains were in places that had the most abrupt slowdown of home sales in <span class=\"xn-chron\">June 2020<\/span>, including <span class=\"xn-location\">Philadelphia<\/span> (+100%), <span class=\"xn-location\">San Francisco<\/span> (+96%), and <span class=\"xn-location\">Honolulu<\/span> (+96%).<\/p>\n<p>Seasonally adjusted active listings\u2014the count of all homes that were for sale at any time during the month\u2014fell 28% year over year to their lowest level on record. Only two of the 85 largest metros tracked by Redfin posted a year-over-year increase in the number of seasonally adjusted active listings of homes for sale: <span class=\"xn-location\">Milwaukee<\/span> (+4%) and <span class=\"xn-location\">New York<\/span> (+1%). The biggest year-over-year declines in active housing supply in June were in <span class=\"xn-location\">Baton Rouge, LA<\/span> (-57%), <span class=\"xn-location\">North Port, FL<\/span> (-52%) and <span class=\"xn-location\">Greensboro, NC<\/span> (-46%).<\/p>\n<p>Seasonally adjusted new listings of homes for sale were up 8% in June from a year earlier. New listings fell from a year ago in 15 of the 85 largest metro areas. The biggest declines were in <span class=\"xn-location\">Baton Rouge<\/span> (-51%), <span class=\"xn-location\">Allentown, PA<\/span> (47%) and <span class=\"xn-location\">St. Louis, MO<\/span> (-41%). New listings rose the most from a year ago in <span class=\"xn-location\">San Jose, CA<\/span> (+38%), <span class=\"xn-location\">Tacoma, WA<\/span> (+35%) and <span class=\"xn-location\">Milwaukee<\/span> (+32%).<\/p>\n<p>Although sales are declining, measures of completed home sales reflected the most competitive market on record in June. The typical home that sold in June went under contract in 14 days\u2014less than half as much time as a year earlier, when homes sold in a median 39 days.<\/p>\n<p>In June, 56% of homes sold above list price, the largest share on record. The average sale-to-list price ratio continued to surge, hitting a record high of 102.6%. This measure typically peaks in June but was still climbing sharply through the end of the month. <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3229150-1&amp;h=395964116&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhousing-market-update-new-listings-pass-2019%2F&amp;a=The+latest+weekly+housing+market+data+through+July+4\" rel=\"nofollow noopener\">The latest weekly housing market data through <span class=\"xn-chron\">July 4<\/span><\/a><\/u> does show the sale-to-list ratio beginning to taper off, so June may still be the peak this year.<\/p>\n<p>To read the full report, including charts and additional metro-level data highlights, please visit: <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3229150-1&amp;h=4011197627&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fjune-housing-market-home-sales-decline%2F&amp;a=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fjune-housing-market-home-sales-decline%2F\" rel=\"nofollow noopener\">https:\/\/www.redfin.com\/news\/june-housing-market-home-sales-decline\/<\/a><\/u>\u00a0<\/p>\n<p>\n        <b>About Redfin <br \/><\/b>Redfin (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3229150-1&amp;h=2007528419&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener\">www.redfin.com<\/a><\/u>) is a technology-powered real estate broker, instant home-buyer (iBuyer), lender, title insurer, and renovations company. We sell homes for more money and charge half the fee. We also run the country&#8217;s #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Since launching in 2006, we&#8217;ve saved customers more than <span class=\"xn-money\">$1 billion<\/span> in commissions. We serve more than 95 markets across the U.S. and <span class=\"xn-location\">Canada<\/span> and employ over 4,100 people. <\/p>\n<p>For more information or to contact a local Redfin real estate agent, visit <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3229150-1&amp;h=2007528419&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener\">www.redfin.com<\/a><\/u>. To learn about housing market trends and download data, visit the <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3229150-1&amp;h=4215103883&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&amp;a=Redfin+Data+Center\" rel=\"nofollow noopener\">Redfin Data Center<\/a><\/u>. To be added to Redfin&#8217;s press release distribution list, email <u><a target=\"_blank\" href=\"mailto:press@redfin.com\" rel=\"nofollow noopener\">press@redfin.com<\/a><\/u>. To view Redfin&#8217;s press center, <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3229150-1&amp;h=370261948&amp;u=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&amp;a=click+here\" rel=\"nofollow noopener\">click here<\/a><\/u>.<\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF44374&amp;sd=2021-07-15\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/home-sales-dipped-1-2-from-may-to-june-the-largest-late-spring-decline-since-at-least-2012--301334521.html\">https:\/\/www.prnewswire.com\/news-releases\/home-sales-dipped-1-2-from-may-to-june-the-largest-late-spring-decline-since-at-least-2012&#8211;301334521.html<\/a><\/p>\n<p>SOURCE  Redfin<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF44374&amp;Transmission_Id=202107150830PR_NEWS_USPR_____SF44374&amp;DateId=20210715\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Still, homes sold at their fastest pace and for their highest prices on record PR Newswire SEATTLE, July 15, 2021 \/PRNewswire\/ &#8212; (NASDAQ: RDFN) \u2014 Seasonally-adjusted home sales fell 1.2% from May to June, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. This marks the largest drop at this time of year on record through at least 2012, suggesting that the housing market frenzy may have peaked for the year. Homes sold for their highest prices and at their fastest pace on record, but measures for market speed and competition seem to be at or near peak levels for this year. The following measures all hit new records in June according to Redfin&#8217;s data, which &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/home-sales-dipped-1-2-from-may-to-june-the-largest-late-spring-decline-since-at-least-2012\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Home Sales Dipped 1.2% From May to June, the Largest Late-Spring Decline Since At Least 2012&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-513518","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home Sales Dipped 1.2% From May to June, the Largest Late-Spring Decline Since At Least 2012 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/home-sales-dipped-1-2-from-may-to-june-the-largest-late-spring-decline-since-at-least-2012\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Sales Dipped 1.2% From May to June, the Largest Late-Spring Decline Since At Least 2012 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Still, homes sold at their fastest pace and for their highest prices on record PR Newswire SEATTLE, July 15, 2021 \/PRNewswire\/ &#8212; (NASDAQ: RDFN) \u2014 Seasonally-adjusted home sales fell 1.2% from May to June, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. This marks the largest drop at this time of year on record through at least 2012, suggesting that the housing market frenzy may have peaked for the year. Homes sold for their highest prices and at their fastest pace on record, but measures for market speed and competition seem to be at or near peak levels for this year. The following measures all hit new records in June according to Redfin&#8217;s data, which &hellip; Continue reading &quot;Home Sales Dipped 1.2% From May to June, the Largest Late-Spring Decline Since At Least 2012&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/home-sales-dipped-1-2-from-may-to-june-the-largest-late-spring-decline-since-at-least-2012\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-15T12:34:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-sales-dipped-1-2-from-may-to-june-the-largest-late-spring-decline-since-at-least-2012\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-sales-dipped-1-2-from-may-to-june-the-largest-late-spring-decline-since-at-least-2012\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Home Sales Dipped 1.2% From May to June, the Largest Late-Spring Decline Since At Least 2012\",\"datePublished\":\"2021-07-15T12:34:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-sales-dipped-1-2-from-may-to-june-the-largest-late-spring-decline-since-at-least-2012\\\/\"},\"wordCount\":1082,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-sales-dipped-1-2-from-may-to-june-the-largest-late-spring-decline-since-at-least-2012\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/624025\\\/Redfin_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-sales-dipped-1-2-from-may-to-june-the-largest-late-spring-decline-since-at-least-2012\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-sales-dipped-1-2-from-may-to-june-the-largest-late-spring-decline-since-at-least-2012\\\/\",\"name\":\"Home Sales Dipped 1.2% From May to June, the Largest Late-Spring Decline Since At Least 2012 - 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