All Redfin Reports
Housing Market Update: Homebuyers Undeterred by Declining Listings—Pending Sales up 32%, New Listings Down 10%
New listings of homes for sale fell 10%, the largest decline since last June.
1 in 4 U.S. Homeowners Have Lived in Their Home for Over 20 Years—The Highest Share on Record
People are staying put longer as rising home prices, a housing shortage and skyrocketing coronavirus cases—especially in senior-living facilities—make moving less attractive for some Americans. But a handful of migration hotspots, including Charlotte, Tampa and Atlanta, are bucking the national trend. A record 25.1% of U.S. homeowners in 2020 have lived in the same home
Out-of-Towners Moving Into Nashville, Atlanta and Austin Have More Than 30% Bigger Homebuying Budgets Than Locals
Out-of-towners have bigger budgets than locals in 31 of the 34 cities included in this analysis, and they’re driving up home prices. The average housing budget for out-of-towners moving to Nashville in 2020 was $719,500, 48% higher than the $485,500 average budget for local buyers. That’s according to an analysis of average maximum list-price filters
Austin Was the Most Popular Destination for Redfin.com Users Looking to Move to a Different Metro in the Fourth Quarter
A record 30% of Redfin.com users looked to move to a different metro in the fourth quarter, a 16% uptick from the same time period last year. Nationwide, 30.3% of Redfin.com users looked to move to a different metro area in the fourth quarter of 2020, up from 29.2% in the third quarter and 26.2%
Housing Market Update: First New-Listings Decline in 5 Months Portends a 2021 Housing Frenzy to Rival 2020
Housing Market Update: New Listings Fell 3%, Home Prices Up 14%, Pending Sales Rise 35%
Half of Redfin Home Offers Faced Bidding Wars In December as Housing Market Defied Holiday Slump
Competition tapered slightly over the holidays, but remained fierce as insufficient housing supply failed to keep up with insatiable demand boosted by record-low mortgage rates and a pandemic-driven moving spree. Nationwide, 49.7% of home offers written by Redfin agents faced bidding wars in December. While that’s down from a revised rate of 55.9% in November,