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 »

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