1032 ET - The median U.S. home sale price rose 1.1% year-over-year in January to $422,921, Redfin says, as the strongest buyer's market in recent history kept a lid on price growth. Sellers outnumber buyers now, but it's only a buyer's market for those who can afford to buy, according to Redfin. The typical home that sold in January went for 2.1% less than its final list price, and just 20.8% of homes sold for more than their final list price. While home-price growth has slowed and mortgage rates have dipped, housing affordability hasn't improved enough to bring a critical mass of homebuyers off the sidelines. The median home sale price was at the highest January level on record last month, and mortgage rates were still more than double the record low hit during the pandemic. (chris.wack@wsj.com)
(END) Dow Jones Newswires
February 19, 2026 10:32 ET (15:32 GMT)
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