HOMZ - Home-sale prices peak to record high levels cash purchases of home reach 30% first time: Redfin

Redfin data indicates that seasonally-adjusted home sales dropped 1.2% M/M in June, marking the biggest drop on record through at least 2012; number of homes for sale fell to a record low, down 28% from prior year levels; contrary, it posted a 22% Y/Y growth while listings rose 8% Y/Y.A separate analysis shows that ~30% of U.S. home purchases this year were paid for with all cash compared to 25.3% during all of 2020 led by significant benefits from a strong stock market; YTD, S&P 500 Index reported 16.7% gains while 1-year gains stand at 36.8%.The national median home-sale price hit a record high of $386,888 (+25% Y/Y); 56% of homes were sold above their list price, a record high, up from 27% a year ago.While prices increased in all of the 85 largest metro areas, largest price increase was in Austin, TX (+43%) followed by Lake County, IL (+31%) and Phoenix (+30%); least price increase was posted in San

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Home-sale prices peak to record high levels, cash purchases of home reach 30% first time: Redfin