SEATTLE-Technology-powered real estate brokerage Redfin (www.redfin.com) has released its Real-Time Home Price Tracker, posting gains in both prices and sales volume across 19 major U.S. markets in May. While inventory was down year over year in May, it increased from the previous month. The easing of the inventory crunch likely contributed to home sales volume, which hit the highest level since 2010.

Home prices:

-- May home prices increased 17% year over year, and rose 4% since April.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.

National