Few Miami homes sell at a loss, bucking trend

Why it matters: Across the country, some homeowners lost six-figure amounts on their sales.

• More than 3% of U.S. homes sold at a loss August through October 2023 — up from 2.4% a year ago.
• The median loss was around $40,000, per Redfin data.

Zoom in: The highest proportion and largest losses were in San Francisco. Roughly 1 in 8 SF owners lost money on their home sales, with a median loss of $100,000.

• Detroit, Chicago, Cleveland and New York were also among the top five cities with the highest proportion of losses — all north of or close to 6%.