Shares of Redfin Corp.
dropped 2.8% in premarket trading Wednesday, after the real estate services company said the median U.S. home price in March was down 3.3% from a year ago to $400,258, to mark the biggest decline in 11 years. Redfin said its records date back to 2012. Among the areas that saw the biggest declines, the median price fell 15.4% in Boise, Idaho, 13.7% in Austin, Texas, 11.9% in Sacramento, Calif. and 10.5% in San Jose, Calif.
dropped 2.8% in premarket trading Wednesday, after the real estate services company said the median U.S. home price in March was down 3.3% from a year ago to $400,258, to mark the biggest decline in 11 years. Redfin said its records date back to 2012. Among the areas that saw the biggest declines, the median price fell 15.4% in Boise, Idaho, 13.7% in Austin, Texas, 11.9% in Sacramento, Calif. and 10.5% in San Jose, Calif.
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