home sale prices

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Redfin: This is why home prices are rising faster in car-dependent housing markets

Aug 30, 2019By

For many Americans, the causal stroll around the neighborhood is an important part of day-to-day life. But as homebuyers continue to grapple with rising home prices, a new report from Redfin suggests that many are now prioritizing affordability over walkability. According to the company’s data, home-sale prices in car-dependent housing markets across the country increased 4.3% year over year to a median of $312,100 in July.

3d rendering of a row of luxury townhouses along a street

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