Starter-home sales up 4% as demand for higher-priced options stumbles

Seattle--(business wire)-- #housingmarket--the typical u.s. starter home sold for a record $260,508 in august, rising 2.2% from a year earlier as sales continued to outpace those of higher-priced tiers. that's according to a new report from redfin, the real estate brokerage powered by rocket. mid- and high-price home prices grew 1.4% and 2.7% year over year, respectively, to near-record highs of $370,000 and $575,000. starter-home sales rise for 12th consecutive month, outpacing other price tiers starter-home s.
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