housing market tracker

Bidding Wars Rare in March

Only 16 Percent of Redfin Buyers Faced a Bidding War So Far in March, Down from 61 Percent a Year Earlier

San Francisco, Boston, San Diego and Portland are the most competitive housing markets this month, but still only one in five homebuyers faced bidding wars—far fewer than a year earlier. Just 16 percent of offers written by Redfin agents on behalf of their home-buying customers in the first three weeks of March faced a bidding …

Only 16 Percent of Redfin Buyers Faced a Bidding War So Far in March, Down from 61 Percent a Year Earlier Read More »

Year-Over-Year Price Growth at Lowest Level Since 2012

Home Prices Up 0.6% in February—Smallest Year-Over-Year Gain Since March 2012

Prices fell more than 8 percent in San Francisco and San Jose, up over 10 percent in Newark, Milwaukee and Buffalo. U.S. home-sale prices increased just 0.6 percent in February compared to a year ago, to a median of $287,400 across the metros Redfin tracks. This is the smallest year-over-year price increase recorded since prices …

Home Prices Up 0.6% in February—Smallest Year-Over-Year Gain Since March 2012 Read More »

Share of Winning Redfin Offers UsingSale Contingencies Up From 2018

Home Sellers Increasingly Willing to Accept Offers From Buyers Who Need to Sell Their Own Home First

Seven percent of winning offers written by Redfin agents last month were contingent on the sale of the buyer’s home, up from less than 5 percent last year Here’s another sign that even as the spring housing market begins to heat up, buyers have more power than they did a year earlier: offers with home …

Home Sellers Increasingly Willing to Accept Offers From Buyers Who Need to Sell Their Own Home First Read More »

City of Seattle Year Over Year Change in Home Sales

Homebuyers Return as Pending Sales Rebound in Seattle, Silicon Valley and Boston

Pending sales spiked 15% in the city of Seattle in January, up 8% in San Jose, Silicon Valley’s central city. The market cooldown may already be over in Seattle, San Jose and Boston. Pending sales—the count of homes that went under contract during the month—were up 4 to 15 percent in January from a year …

Homebuyers Return as Pending Sales Rebound in Seattle, Silicon Valley and Boston Read More »

Over One in Five Homes For Sale Has Dropped the Price

More Home-Sellers are Dropping Their Prices Than in Previous Winters as Buyers Seize More Control of the Market

More than one in five homes for sale nationwide dropped its price in the last month. In Fresno it was two in five. More than any time in the past few years, 2019 is shaping up to be a good year for homebuyers. One way the market has shifted to buyers: More price drops. As …

More Home-Sellers are Dropping Their Prices Than in Previous Winters as Buyers Seize More Control of the Market Read More »

Year-Over-Year Price Growth Edged Up Slightly in January

Home Price Growth Edged Up Nationally in January While the West Coast Began Seeing Red

Homebuyers are in the strongest position in years as the supply of homes for sale grows at fastest rate since May 2015 The housing market started off 2019 with buyers in a much better position than they were a year earlier. U.S. home-sale prices increased 2.9 percent in January compared to a year ago, to …

Home Price Growth Edged Up Nationally in January While the West Coast Began Seeing Red Read More »

Bidding Wars Have Nearly Vanished

Only 1 in 8 Redfin Offers Faced Competition in January, Down From More than Half a Year Earlier

Just 13 percent of offers written by Redfin agents on behalf of their home-buying customers last month faced a bidding war, little changed from December’s record low, and down from 53 percent in January 2018. Two of last spring’s most competitive markets—Seattle and San Francisco—kicked off 2019 with fewer than one in five offers facing …

Only 1 in 8 Redfin Offers Faced Competition in January, Down From More than Half a Year Earlier Read More »

West Coast Days on Market Soaring

Homes Staying on the Market for a Month Longer Than Last Year in San Jose, Portland, and Seattle

Homes for sale are taking longer to find buyers this January for the first time in three years. Typical home nationwide was on the market for 55 days, up from 54 last year. Here’s another sign that the housing market is slowing down, literally: The median number of days homes for sale are spending on …

Homes Staying on the Market for a Month Longer Than Last Year in San Jose, Portland, and Seattle Read More »

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