Redfin: Major Market Home Sales Continued to Slow in June

SEATTLE-Redfin, the technology-powered real estate brokerage, has released its Fastest Markets Report for June 2013. The report found while homes are still selling near their fastest recorded rates, the housing market continuing the gradual slowing pattern that began in April as inventory started to rebound. Included in the report is also a ranking of 22 markets across the country ordered by the percentage of homes that went under contract within 14 days of their debut.

In June, 30.5% of homes went under contract within two weeks of being listed, down from 31.9% in May. The 1.4% point drop was the largest seen in the US housing market since December 2012.  Nineteen percent of homes went under contract within one week in June, down from 19.9% in May.