• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    U.S. Home Prices Edged Down 0.1% in May, Only the Fourth Monthly Drop in the Past Decade

    6/24/25 1:46:00 PM ET
    $RDFN
    Real Estate
    Finance
    Get the next $RDFN alert in real time by email

    Redfin reports 32 of the 50 most populous U.S. metros recorded a drop in home prices month over month

    (NASDAQ:RDFN) — U.S. home prices edged down 0.1% in May on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home prices have only posted a month-over-month decline three other times in records dating back to 2012: April 2025, and August-September 2022—when mortgage rates were peaking.

    Home prices rose 3.6% on a year-over-year basis in May, down from 4.1% growth in April. It was the first time annual price growth has been below 4% since July 2023.

    This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of single-family homes. The RHPI measures sale prices of homes that sold during a given period, and how those prices have changed since the last time those same homes sold.

    The homebuying market is cooling because sellers significantly outnumber buyers. Less than one-third (31.2%) of homes that sold in May went for over their asking price, the lowest May share in five years. At the same time, pending sales are ticking down and inventory is still rising.

    "Sellers are starting to feel pressure because many buyers have put their home search on pause in response to high housing costs, elevated mortgage rates and economic uncertainty," said Redfin Senior Economist Sheharyar Bokhari. "More sellers are likely to adjust their price expectations in the coming months as they see examples of the market shifting in favor of buyers, like homes selling below asking prices. Still, home price trends are always local and some areas—particularly on the East Coast—continue to see strong growth."

    Metro-Level Summary: Redfin Home Price Index, May 2025

    Prices fell from a month earlier in 32 of the 50 most populous metro areas on a seasonally adjusted basis in May.

    The biggest decline was in Charlotte, NC (-2.7%), followed by San Francisco (-1.3%) and Seattle (-1.3%). Prices increased most in Nassau County, NY (2.1%), San Diego (1.6%) and Fort Lauderdale, FL (1.5%).

    On a year-over-year basis, five major metros are still posting double-digit growth: New York (12.4%), Nassau County, NY (11.3%), Detroit (11.2%), Philadelphia (11%) and Chicago (10.2%).

    At the other end of the spectrum, Tampa, FL posted a 5.5% decline in prices from a year ago—the biggest drop of any major metro. Next came Austin, TX (-3.6%) and San Antonio, TX (-2.4%).

    To view the full report, including charts, additional metro-level data and a full methodology, please visit: https://www.redfin.com/news/home-price-index-may-2025/

    About Redfin

    Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1.8 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people.

    Redfin's subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.

    For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email [email protected]. To view Redfin's press center, click here.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250624181557/en/

    Contact Redfin

    Redfin Journalist Services:

    Angela Cherry

    [email protected]

    Get the next $RDFN alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $RDFN

    DatePrice TargetRatingAnalyst
    11/18/2024$6.00 → $6.50Neutral → Sell
    Goldman
    9/3/2024$7.50 → $13.00Neutral → Buy
    B. Riley Securities
    5/8/2024$8.00 → $9.00Equal-Weight → Overweight
    Stephens
    2/29/2024$5.50Hold → Underperform
    Gordon Haskett
    12/8/2023$8.00Neutral
    B. Riley Securities
    9/28/2023$8.50 → $8.00Underperform → Neutral
    DA Davidson
    9/26/2023$8.00 → $7.00Underperform → Hold
    Gordon Haskett
    8/15/2023Underperform → Perform
    Oppenheimer
    More analyst ratings

    $RDFN
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Human Resources Officer Stevens Anna covered exercise/tax liability with 43,856 shares and converted options into 110,864 shares, increasing direct ownership by 115% to 125,262 units (SEC Form 4)

      4 - Redfin Corp (0001382821) (Issuer)

      6/26/25 4:32:43 PM ET
      $RDFN
      Real Estate
      Finance
    • Amendment: Chief Legal Officer Kappus Anthony Ray converted options into 20,715 shares and covered exercise/tax liability with 5,046 shares, increasing direct ownership by 69% to 38,396 units (SEC Form 4)

      4/A - Redfin Corp (0001382821) (Issuer)

      6/25/25 12:28:26 PM ET
      $RDFN
      Real Estate
      Finance
    • Amendment: Chief Growth Officer Taubman Christian John converted options into 23,903 shares and covered exercise/tax liability with 5,823 shares, increasing direct ownership by 24% to 92,696 units (SEC Form 4)

      4/A - Redfin Corp (0001382821) (Issuer)

      6/25/25 12:26:57 PM ET
      $RDFN
      Real Estate
      Finance

    $RDFN
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Redfin Reports New Listings Lose Steam, Pending Sales Fall As Home Prices Hit Another Record High

      Would-be sellers are pulling back as it becomes more clear the housing market is tilting in buyers' favor in much of the country (NASDAQ:RDFN) — New listings of U.S. homes for sale are up 2.5% from a year ago, the smallest increase in five months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a local level, new listings are falling in 20 of the 50 most populous U.S. metro areas, with the biggest declines in Tampa, FL (-15.2%), San Antonio (-14.4%), and Orlando, FL (-11.1%). There are still hundreds of thousands more home sellers than buyers nationwide. But some would-be sellers are sitting on the sidelines as the market tilts more a

      6/26/25 8:00:00 AM ET
      $RDFN
      Real Estate
      Finance
    • May's 10 Most Expensive Home Sales

      Redfin reports all of last month's most expensive home sales were in Southern California, Florida or Manhattan (NASDAQ:RDFN) —A Bel Air estate was the most expensive home sale of May, fetching $110 million, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Another Los Angeles home, a Spanish villa in neighboring Holmby Hills, came in second, with a sale price of $57.3 million. All in all, four of last month's most expensive home sales were in Southern California, four were in coastal Florida, and two were in Manhattan. Four of the homes sold for $55 million or more, and all sold for more than $30 million. Coastal parts of Florida, like P

      6/25/25 8:00:00 AM ET
      $RDFN
      Real Estate
      Finance
    • U.S. Home Prices Edged Down 0.1% in May, Only the Fourth Monthly Drop in the Past Decade

      Redfin reports 32 of the 50 most populous U.S. metros recorded a drop in home prices month over month (NASDAQ:RDFN) — U.S. home prices edged down 0.1% in May on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home prices have only posted a month-over-month decline three other times in records dating back to 2012: April 2025, and August-September 2022—when mortgage rates were peaking. Home prices rose 3.6% on a year-over-year basis in May, down from 4.1% growth in April. It was the first time annual price growth has been below 4% since July 2023. This is according to the Redfin Home Price Index (RHPI), which

      6/24/25 1:46:00 PM ET
      $RDFN
      Real Estate
      Finance

    $RDFN
    SEC Filings

    See more
    • Amendment: Redfin Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

      8-K/A - Redfin Corp (0001382821) (Filer)

      6/5/25 7:01:21 PM ET
      $RDFN
      Real Estate
      Finance
    • SEC Form 8-K filed by Redfin Corporation

      8-K - Redfin Corp (0001382821) (Filer)

      6/5/25 9:01:09 AM ET
      $RDFN
      Real Estate
      Finance
    • SEC Form 8-K filed by Redfin Corporation

      8-K - Redfin Corp (0001382821) (Filer)

      5/29/25 5:17:45 PM ET
      $RDFN
      Real Estate
      Finance

    $RDFN
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Redfin downgraded by Goldman with a new price target

      Goldman downgraded Redfin from Neutral to Sell and set a new price target of $6.50 from $6.00 previously

      11/18/24 7:56:53 AM ET
      $RDFN
      Real Estate
      Finance
    • Redfin upgraded by B. Riley Securities with a new price target

      B. Riley Securities upgraded Redfin from Neutral to Buy and set a new price target of $13.00 from $7.50 previously

      9/3/24 8:06:17 AM ET
      $RDFN
      Real Estate
      Finance
    • Redfin upgraded by Stephens with a new price target

      Stephens upgraded Redfin from Equal-Weight to Overweight and set a new price target of $9.00 from $8.00 previously

      5/8/24 7:31:19 AM ET
      $RDFN
      Real Estate
      Finance