The typical asking price for a home on the market took a modest downward turn in late May and early June, a sign of a softening market
The median asking price of newly listed homes for sale surged 12% year over year to a record high of $361,250, according to a Redfin report
During the 4-week period ending Feb. 28, the median home sale price and the 4-week rolling average of median asking price on newly listed homes also hit new highs
Amid intense market demand and low inventory, the U.S. median home price hit a record high of $319,769 in the 4 weeks ending September 27, according to data from Redfin
The most listing price cuts happen in August, right before the end of summer
Tips for arriving at a realistic value
Trulia: Foreclosure backlogs a concern in Phoenix, Miami and Detroit
Trulia analyzes list prices, total listings among real estate agents registered at site
HotPads: Foreclosures re-entering market as rentals will drive down rents
Los Angeles suburb tops the list of priciest ZIP codes