Inflation concerns are influencing plans for homebuyers and sellers, according to a recent Redfin survey.

Nationally, interest rates rose as builder confidence fell.

Housing affordability fell to its lowest level since 2008 in October as home prices rose 19.6% from last year.

Nationally, housing prices were also on the rise, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. 

Boston ranked third among large U.S. cities for the highest median one-bedroom monthly rent at $2,550 in December.

“There was less pending home sales action this time around, which I would ascribe to low housing supply, but also to buyers being hesitant about home prices,” National Association of REALTORS® chief economist Lawrence Yun said.

“Fewer homes are selling because of a lack of supply, while demand remains strong.” — Redfin chief economist Daryl Fairweather

The median sales price of new homes hit a new high of $416,900.

The median existing-home sales price for all housing types rose again on an annual basis, marking 117 consecutive months of gains.

The seasonal housing cooldown may end early this year according to Zillow’s latest market report, which found the spring market thaw may be here before winter even begins.