Among the four major U.S. regions, sales slid in the Northeast, South and West but were unchanged in the Midwest. All four regions experienced year-over-year sales declines.
According to CBRE's latest research, the U.S. multifamily market continued to see healthy demand in the third quarter of 2023, though rent growth slowed from previous highs.
Based on new data from Redfin, U.S. home sellers gave concessions to buyers in 35% of U.S. home sales during the three months ending Oct. 31, 2023. That's about the same as one year earlier, but up from 27.6% from two years ago.
Based on new research by Redfin's data journalist Lily Katz, nationwide, 30.6% of U.S. single-family homes for sale in the third quarter were new construction. That's the highest share of any third quarter on record and up from 28.9% one year earlier and 25% two years earlier.