Redfin: New-home sales prices fall as affordability improves in Q3
Redfin | November 14, 2019
In the third quarter of the year, the nation’s home-sale prices fell by 1.5% from 2018 levels, coming in at a median of $370,300, according to a report from Redfin. The quarter’s decline, which now marks the biggest retreat since 2012, also represents the third consecutive quarter of price weakening. Redfin suggests the price decline is partly a reflection of home builders responding to buyer demand for affordability, which strengthened sales during the quarter.