The typical home for sale in the US has had its price cut, been on the market for months, and comes with at least one sweetener for buyers

Thu, 03/16/2023 - 16:15

With property prices declining in many US cities, buying a home is starting to get a tiny bit easier.

The median home-sale price fell 1.2% year-over-year in March to $352,750, according to Redfin.
As home prices fall and buyer demand fades, sellers are losing their grip on the housing market.
On the whole, conditions are starting to improve for prospective home buyers.

This year's home buyers still have to dig deep to afford the typical home for sale in the US. With the median home-sale price at $352,750 and mortgage rates hovering above 6%, housing affordability is at an all-time low.