Housing Market Update: New Listings Fall 17%, Prices Rise 15%
Home prices continued to surge even as winter storms shut down much of the nation.
Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the "Dispatches from the Multiverse" improvised comedy sci-fi podcast.
Email TimHome prices continued to surge even as winter storms shut down much of the nation.
The US housing market stayed unusually strong through January, with home prices rising 14% and sales climbing 20%.
The housing market sped up even more as 42% of homes sold within the first week of being listed for sale.
Median prices rose 15%, pending home sales were up 29%, and new listings fell 11% from the same period a year earlier. Key housing market takeaways for 400+ U.S. metro areas during the 4-week period ending February 7: The median home sale price increased 15% year over year to $318,750. Asking prices of newly listed
An analysis of over 220,000 home sales across a 13-year period found no consistent relationship between the addition of low-income housing and changes in nearby home prices in 18 of the 26 metro areas studied. Construction of low-income housing developments has had no consistent impact on the sale prices of nearby homes, according to a
The median price of newly-listed homes hit a new record months earlier than it does in a typical year.
Find Us
Updated January 2020: By searching, you agree to the Terms of Use, and Privacy Policy.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN’S FAIR HOUSING POLICY.
Copyright: © 2022 Redfin. All rights reserved. Patent pending.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
NY Standard Operating Procedures
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.