Redfin Reports Pending Home Sales Down 6%

MT Newswires Live

03-06

Redfin (RDFN) said Thursday that pending home sales in the United States fell 6.4% year on year in the four weeks ending March 2.

The real estate company said that it is the second-biggest decline since November 2023. It attributed "sluggish" sales to a 3.2% rise in US home sale prices, with average monthly housing payments approaching an all-time high.

Shares of Redfin were down 3.3% in recent trading.

Price: 6.19, Change: -0.21, Percent Change: -3.28

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