San Jose, Seattle and San Diego saw big year-over-year gains in the share of homebuyers’ winning the first home they make an offer on. Another sign that the housing market is shifting toward buyers’ favor in 2019: 56 percent of buyers nationwide who purchased a home in the first quarter closed on the very first …
West Coast Buyers are Now More Likely to Win the 1st Home They Bid On Read More »
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 …
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 »
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 …
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 »
