The median home sale price in the United States has fallen for the first time in over three years, and home demand has fallen to a new low.
For the four weeks ending Oct. 25, the median home sale price was $389,601, down 0.1 percent year on year, real estate brokerage Redfin said in an Oct. 29 report, adding that this four-week period marked the first annual decline in more than three years.
Prices declined for the second consecutive week, following a 0.2 percent dip the week before.
Median home prices for an average U.S. home fell amid high costs and easing demand, the brokerage said….