Home prices fell by 0.1 percent month over month in April across the United States as buyers hesitated to purchase properties, real estate brokerage Redfin said in a May 20 statement.
The 0.1 percent decline was the first monthly fall in home prices since September 2022. Redfin senior economist Sheharyar Bokhari attributed the relatively flat month-over-month home prices to lower demand and more properties on the market.
“Buyers are adopting a wait-and-see approach, with the impact of U.S. tariff policies and a potential recession weighing heavily on their decision to make major purchases,” said the brokerage.
“The total number of homes for sale is at a five-year high, mainly because homes aren’t selling. That’s leading sellers to offer concessions at near-record levels.”…