From CNBC:

Severe winter weather is negatively impacting home sales across the U.S., according to a report from real estate company Redfin. The median home-sale price has risen by 5% in January due to low inventory and increased purchasing power. Pending home sales are down by over 8% year over year, with buyers staying home due to extreme weather conditions.

The country has been hit by an arctic freeze, heavy snow and ice storms, and even heavy rain in drought-stricken California. Real estate agents from warmer climates have reported more active buyers and sellers, even with stable mortgage rates in the high 6% range.

The median home sale price in January was around $360,000, with metros such as Anaheim, New Brunswick, and Miami experiencing the biggest year-over-year price increases. December home sales closed out the worst year since 1995, according to the National Association of Realtors.



Read more: Home sales dampened by severe winter weather, Redfin says