shares of redfin corp rdfn dropped 28 in premarket trading wednesday after the real estate services company said the median us home price in march was down 33 from a year ago to 400258 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 154 in boise idaho 137 in austin texas 119 in sacramento calif and 105 in san jose calif “i was consistently busy in the fall but things got really quiet in march after the collapse of silicon valley bank” said boise redfin real estate agent shauna pendleton “that killed the buyer momentum that had been building and brought us right back to where we were last year when mortgage rates shot up” redfin said it also saw new listing fall 233 in march as higher mortgage rates prompting both buyers and sellers to remain in their current homes with lower mortgage rates redfin’s stock has soared 1153 year to date through tuesday while the sp 500 spx has gained 82