U.S. Housing Market Reverses Course in March with Coronavirus Shutdowns
April 26, 2020
Seattle, WA – Home sales slipped and the number of homes listed for sale plunged as the U.S. coronavirus crisis turned into a national emergency in March, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage.
However, the U.S. median home sale price continued to increase, gaining 7.1% year over year and 3.3% month over month to $303,200.
Record-setting declines include a more than 10% decrease in new listings from a year earlier and a 9% drop in total number of home sales in a single month
