By the Numbers

August pending-home-sales growth slowest since June 2020
August pending-home-sales growth slowest since June 2020

Pending home sales in August rose just 9%, the slowest growth since June 2020, according to a new Redfin report.

Pending home sales up 6% from 2020 despite dwindling listings
Pending home sales up 6% from 2020 despite dwindling listings

A decline in new home listings has had little impact on the market as far as demand is concerned, according to a recent Redfin report.

Seattle Housing Scorecard: Housing starts rose, housing inventory fell in August
Seattle Housing Scorecard: Housing starts rose, housing inventory fell in August

Housing inventory fell in Seattle during August, while housing starts and existing-home sales rose.

New-home sales plummet in July
New-home sales plummet in July

Also during the month, the median sales price rose to $390,500 from $370,200 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

New-home construction falls in July
New-home construction falls in July

“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi

Housing affordability hits 10-year low
Housing affordability hits 10-year low

Just 56.6% of homes sold during the quarter were affordable to families earning the U.S. median income of $79,900, according to the National Association of Homebuilders/Wells Fargo Housing Opportunity Index.

New-home sales fall 6.6% in June
New-home sales fall 6.6% in June

The U.S. Census Bureau and the Department of Housing and Urban Development reported that the median sales price slid to $361,800 from $380,700 in May.

Existing-home sales reverse four-month decline in June
Existing-home sales reverse four-month decline in June

At the same time, the median existing-home price for all housing types in May was up 23.4% on an annual basis, as every region in the country registered price increases.

Mortgage applications fall as interest rates rise
Mortgage applications fall as interest rates rise

Meanwhile, the seasonally adjusted purchase index declined 6% from the previous week, the Mortgage Bankers Association reported.

Housing starts tick higher in June
Housing starts tick higher in June

Privately owned housing units authorized by building permits in June came in at a seasonally adjusted annual rate of
1,598,000, down 5.1 % from the revised May rate of 1,683,000, but 23.3% above the year-ago rate of 1,296,000.

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