{"id":539073,"date":"2021-09-16T08:04:23","date_gmt":"2021-09-16T12:04:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-home-sales-fell-6-in-august-the-first-annual-decline-in-15-months\/"},"modified":"2021-09-16T08:04:23","modified_gmt":"2021-09-16T12:04:23","slug":"redfin-reports-home-sales-fell-6-in-august-the-first-annual-decline-in-15-months","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-home-sales-fell-6-in-august-the-first-annual-decline-in-15-months\/","title":{"rendered":"Redfin Reports Home Sales Fell 6% in August, the First Annual Decline in 15 Months"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market<\/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\">Sept. 16, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN) \u2014 The national median home-sale price rose 16% year over year to <span class=\"xn-money\">$380,271<\/span> in August, according to a new <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3292948-1&amp;h=985392353&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Faugust-home-price-gains-slow-to-16pct%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=3292948-1&amp;h=2634125495&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 13th consecutive month of double-digit price gains but the lowest growth rate since February. <\/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>&#8220;When it comes to home prices in this market, what goes up stays up,&#8221; said Redfin Chief Economist <span class=\"xn-person\">Daryl Fairweather<\/span>. &#8220;That&#8217;s especially true in the Sun Belt; home prices are up more than 20% from last year in <span class=\"xn-location\">Austin<\/span> and <span class=\"xn-location\">Phoenix<\/span>. Even with these steep increases, homes in these areas are still relatively affordable, so these and other hot migration destinations are going to continue to attract homebuyers from the coasts. As workers change jobs en masse and enhanced unemployment benefits come to an end, we could see even more households relocate for affordability in the coming months.&#8221;<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntbls\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\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=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>August 2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\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=\"prngen2\">\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=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Median sale price<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$380,300<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-1.0%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16.2%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Homes sold, seasonally-adjusted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">594,200<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-1.4%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-6.0%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Pending sales, seasonally-adjusted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">593,100<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6.1%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7.0%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">New listings, seasonally-adjusted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">640,500<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-6.1%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-6.4%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">All Homes for sale, seasonally-adjusted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,405,700<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-0.2%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-19.1%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Median days on market<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-15<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Months of supply<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.3<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-0.4<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Sold above list<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">51.9%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-3.7 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">19.6 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Median Off-Market Redfin Estimate<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$357,100<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.9%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">14.5%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Average Sale-to-list<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">101.6%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-0.6 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.4 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Average 30-year fixed mortgage rate<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.84%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-0.03 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-0.1 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen2\">\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 but two of the 85 largest metro areas Redfin tracks: <span class=\"xn-location\">Milwaukee, WI<\/span> (-1.6%) and <span class=\"xn-location\">Bridgeport, CT<\/span> (-1.1%). Both of these metro areas had already seen significant price gains a year ago, with prices up 14% and 30% respectively in August of 2020, compared to a 11% gain nationally. They may have overheated last year, and prices have moderated since, leading to a slight decline in the latest data. The largest price increases in <span class=\"xn-chron\">August 2021<\/span> were in <span class=\"xn-location\">Austin, TX<\/span> (+36%), followed by <span class=\"xn-location\">Phoenix, AZ<\/span> (+25%) and <span class=\"xn-location\">Salt Lake City, UT<\/span> (+24%).<\/p>\n<p>Seasonally-adjusted home sales in August were down 6% from a year earlier, the first annual decline in 15 months. They were also down 1.4% from July. Compared to <span class=\"xn-chron\">August 2020<\/span>, home sales fell in 44 of the 85 largest metro areas Redfin tracks. The biggest sales declines were seen in <span class=\"xn-location\">New Orleans, LA<\/span> (-23%), <span class=\"xn-location\">Salt Lake City, UT<\/span> (-16%) and <span class=\"xn-location\">Warren, MI<\/span> (-14%). The largest gains were in places where sales were still somewhat depressed in <span class=\"xn-chron\">August 2020<\/span>, including <span class=\"xn-location\">New York, NY<\/span> (+65%), <span class=\"xn-location\">Honolulu, HI<\/span> (+47%) and <span class=\"xn-location\">Nassau County, NY<\/span> (+32%).<\/p>\n<p>Seasonally adjusted active listings\u2014the count of all homes that were for sale at any time during the month\u2014fell 19% year over year, the smallest decline since April. Only four 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\">Austin, TX<\/span> (+5%), <span class=\"xn-location\">Virginia Beach, VA<\/span> (+4%), <span class=\"xn-location\">Columbus, OH<\/span> (+3%) and <span class=\"xn-location\">Milwaukee, WI<\/span> (+1%). The biggest year-over-year declines in active housing supply in July were in <span class=\"xn-location\">Baton Rouge, LA<\/span> (-53%), <span class=\"xn-location\">North Port, FL<\/span> (-44%) and <span class=\"xn-location\">West Palm Beach, FL<\/span> (-37%).<\/p>\n<p>Seasonally adjusted new listings of homes for sale were down 6% in August from a year earlier, the first decline since February. New listings fell from a year ago in 56 of the 85 largest metro areas. The biggest declines were in <span class=\"xn-location\">Baton Rouge, LA<\/span> (-55%), <span class=\"xn-location\">Allentown, PA<\/span> (-49%) and <span class=\"xn-location\">St. Louis, MO<\/span> (-39%). New listings rose the most from a year ago in <span class=\"xn-location\">McAllen, TX<\/span> (+27%), <span class=\"xn-location\">Virginia Beach, VA<\/span> (+17%) and <span class=\"xn-location\">Tulsa, OK<\/span> (+15%).<\/p>\n<p>Measures of housing market competition based on completed home sales eased further in August from all-time records set in June. The typical home that sold in August went under contract in 16 days\u2014about half as much time as a year earlier, when homes sold in a median 31 days, but up one day from the record low in June. <\/p>\n<p>In August, 52% of homes sold above list price, down 4 percentage points from the record high in June but up 20 percentage points from a year earlier. The average sale-to-list price ratio also dipped slightly in July to 101.6%, down from a record high of 102.5% in June but up from 99.2% a year earlier.<\/p>\n<p>To read the full report, including charts and additional metro-level data, please visit: <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3292948-1&amp;h=1317461659&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Faugust-home-price-gains-slow-to-16pct%2F&amp;a=https%3A%2F%2Fwww.redfin.com%2Fnews%2Faugust-home-price-gains-slow-to-16pct%2F\" rel=\"nofollow noopener\">https:\/\/www.redfin.com\/news\/august-home-price-gains-slow-to-16pct\/<\/a><\/u><\/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=3292948-1&amp;h=2738885764&amp;u=http%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 company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country&#8217;s <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3292948-1&amp;h=1343990952&amp;u=https%3A%2F%2Fredfinlegal.zendesk.com%2Fhc%2Frequests%2F1&amp;a=%231\" rel=\"nofollow noopener\">#1<\/a> 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. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we&#8217;ve saved customers more than <span class=\"xn-money\">$1 billion<\/span> in commissions. We serve more than 100 markets across the U.S. and <span class=\"xn-location\">Canada<\/span> and employ over 6,000 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=3292948-1&amp;h=2634125495&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=3292948-1&amp;h=294945503&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=3292948-1&amp;h=4239940840&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=SF09200&amp;sd=2021-09-16\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/redfin-reports-home-sales-fell-6-in-august-the-first-annual-decline-in-15-months-301378490.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/redfin-reports-home-sales-fell-6-in-august-the-first-annual-decline-in-15-months-301378490.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=SF09200&amp;Transmission_Id=202109160800PR_NEWS_USPR_____SF09200&amp;DateId=20210916\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market PR Newswire SEATTLE, Sept. 16, 2021 \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN) \u2014 The national median home-sale price rose 16% year over year to $380,271 in August, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. This marks the 13th consecutive month of double-digit price gains but the lowest growth rate since February. &#8220;When it comes to home prices in this market, what goes up stays up,&#8221; said Redfin Chief Economist Daryl Fairweather. &#8220;That&#8217;s especially true in the Sun Belt; home prices are up more than 20% from last year in Austin and Phoenix. Even with these &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-home-sales-fell-6-in-august-the-first-annual-decline-in-15-months\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Redfin Reports Home Sales Fell 6% in August, the First Annual Decline in 15 Months&#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-539073","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Redfin Reports Home Sales Fell 6% in August, the First Annual Decline in 15 Months - 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\/redfin-reports-home-sales-fell-6-in-august-the-first-annual-decline-in-15-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redfin Reports Home Sales Fell 6% in August, the First Annual Decline in 15 Months - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market PR Newswire SEATTLE, Sept. 16, 2021 \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN) \u2014 The national median home-sale price rose 16% year over year to $380,271 in August, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. This marks the 13th consecutive month of double-digit price gains but the lowest growth rate since February. &#8220;When it comes to home prices in this market, what goes up stays up,&#8221; said Redfin Chief Economist Daryl Fairweather. &#8220;That&#8217;s especially true in the Sun Belt; home prices are up more than 20% from last year in Austin and Phoenix. 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This marks the 13th consecutive month of double-digit price gains but the lowest growth rate since February. &#8220;When it comes to home prices in this market, what goes up stays up,&#8221; said Redfin Chief Economist Daryl Fairweather. &#8220;That&#8217;s especially true in the Sun Belt; home prices are up more than 20% from last year in Austin and Phoenix. 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