The typical home listed on a Tuesday, Wednesday or Thursday sells for $1,700 more than one listed on the weekend, and it sells nearly two days faster. And make sure not to overprice: Homes get 64% more views the day they first hit the market than the day after a price drop. Homes listed for
Work From (Second) Home: Demand for Vacation Homes Continues to Soar, Even as Offices Show Signs of Life
The intense demand for vacation homes is a symbol of the ongoing uneven economic recovery in the U.S., with some Americans able to afford second homes and many unable to afford even one. The number of buyers who locked in mortgage rates for second homes shot up a record 128% year over year in March.
More Homes Than Ever Are Selling Above Their Asking Price. San Jose, Sacramento & Salt Lake City Are Driving the All-Time High.
Nearly 40% of homes in the U.S. are selling for more than their asking price, the highest share on record. More than three out of five homes in San Jose, Sacramento, Salt Lake City, Austin and Denver sold above their asking price in the last month, driving the national share to an all-time high. Sacramento
A Record 31% of Redfin.com Users Look to Relocate as Homebuyer Interest in Affordable Areas Intensifies
Phoenix is the most popular destination for Redfin.com users looking to move away from expensive coastal cities. Some out-of-town buyers are shifting their search from Texas to Arizona after recent winter storms. Nationwide, 31.2% of Redfin.com users looked to move to a different metro in January and February, up from 26.1% during the same time
The average home in the Austin metro sold for 7.1% above its asking price during the four weeks ending March 14, the biggest premium of the 47 metros included in this analysis. That’s up 8 percentage points from a year ago, when the average Austin home sold for 0.9% below its asking price. It represents
All-cash offers are most likely to improve a buyers’ odds of winning a bidding war, followed by waiving the financing contingency, according to Redfin data. Prospective homebuyers who offer all cash nearly quadruple their chances of winning a bidding war, making it the most effective strategy tracked by Redfin to win a home in a