Redfin

2 days ago | redfin.com | Dana Anderson

All of last month’s most expensive home sales were in Southern California, Florida or Manhattan. A Bel Air estate was the most expensive home sale of May, fetching $110 million. 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.

1 week ago | redfin.com | Ashley Cotter

If you’ve ever driven along the coast of Cape Cod, you might have spotted open, railed platforms perched atop elegant seaside homes that look just like a rooftop porch, a perfect spot to sip coffee or take in the view. But these aren’t ordinary balconies: they’re widow’s walks, a centuries-old architectural feature with roots in seafaring lore.

1 week ago | redfin.com | Dana Anderson

While the median home-sale price is sitting at a record high, it’s notably lower than the median asking price. That’s because sellers are open to negotiating in today’s cooling housing market, in which sellers outnumber buyers. The median U.S. home-sale price hit a record $396,500 during the four weeks ending June 15, up 1% year over year.

1 week ago | redfin.com | Dana Anderson

An additional 30% of baby boomers who own their home say they’ll hold onto it for at least a decade. One-third (33.5%) of baby boomers who own their home say they’ll never sell, according to a recent Redfin-commissioned survey. Another 30% say they’ll sell their home at some point, but not within the next decade. Older people are even less likely to sell, with nearly half (44.6%) of Silent Generation members never planning to sell.

2 weeks ago | redfin.com | Marissa Crum

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