Redfin: Housing inventory accelerates to 3-year high
December 13, 2018 / Alcynna Lloyd
In November, housing inventory climbed 5%, marking its fastest growth in the last three years, according to new data from Redfin. Last month, U.S. home sale prices rose 3.3% year-over-year, coming in at a median of $298,800. In fact, November was the third consecutive month of annual home price gains below 4%, following a 77-month long streak of annual home price gains surpassing 4%. Redfin Chief Economist Daryl Fairweather said the tide has turned.