Existing-home sales in the U.S. declined 2.7% month-over-month in June 2025, as persistently high borrowing costs and a constrained inventory environment continued to dampen market momentum.
According to new Redfin research, a beachfront compound in Naples, Florida has set the high-water mark for U.S. residential real estate this year, selling for a record $133 million in April 2025.
The U.S. housing market is experiencing a sharp uptick in home sale cancellations, with nearly 15% of all contracts signed in June falling through -- the highest share for any June since at least 2017, according to new data released by Redfin.
The Orlando housing market showed signs of cooling in June 2025, with new listings, pending sales, and total transactions all edging lower amid still-elevated interest rates and constrained inventory levels.
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