Asking-rent data cover newly listed units in apartment buildings with 25 or more units. The median is calculated based on rolling three-month periods, i.e., the median asking rent for July 2025 covers rentals that were listed on Redfin.com during the three months ending July 31, 2025. Rental records date back to 2019. Asking rents reflect
The majority of America’s most resilient housing markets are located in the Rust Belt and are seeing an increase in home sales and prices. The fastest-cooling U.S. markets are concentrated in Sun Belt states, where soaring inventory is causing prices to fall in some places. The U.S. housing market has been losing steam due to
The income needed to afford the typical U.S. home has fallen year over year in almost a dozen major metros, most of which are Sun Belt boomtowns that have seen a drop in home prices amid surging inventory. Nationwide, the typical homebuyer needs to earn $112,131 per year to afford the median priced home—roughly $25,000
The typical home that was impacted had a value of $3.7 million prior to the fires. $51.7 billion worth of homes in the city of Los Angeles—or roughly 11,000 residential properties—were impacted by the wildfires in January. This is according to a Redfin analysis of data from the Los Angeles City Council. The council shared
Sluggish homebuying demand and a pileup of inventory are deterring prospective home sellers, some of whom are opting to rent their homes out instead of sell. Existing-home sales hit a nine-month low as record-high home prices dissuaded buyers. Home sales, prices and listings are holding up relatively well in the Rust Belt, which has attracted
Asking rents fell in over half the major U.S. metros Redfin analyzed in June. In Austin, rents dropped 6% year over year to the lowest level since 2021. The median U.S. asking rent fell 0.5% year over year to $1,642 in June, the fourth straight month of annual declines. On a month-over-month basis, asking rents