Just 13 percent of offers written by Redfin agents on behalf of their home-buying customers last month faced a bidding war, little changed from December’s record low, and down from 53 percent in January 2018. Two of last spring’s most competitive markets—Seattle and San Francisco—kicked off 2019 with fewer than one in five offers facing
Homes for sale are taking longer to find buyers this January for the first time in three years. Typical home nationwide was on the market for 55 days, up from 54 last year. Here’s another sign that the housing market is slowing down, literally: The median number of days homes for sale are spending on
More People Look to Move to the Emerald City than Leave for Third Quarter in a Row as Denver Secures its Spot on the ‘Moving Out’ List Twenty-five percent of Redfin.com home searchers looked to move to another metro area in the fourth quarter of 2018, compared to 23 percent during the same period last
Although the number of homes for sale is increasing rapidly in some markets, the number of affordable homes for sale is falling. We have written a lot recently about rapid growth in the supply of homes for sale in many markets such as San Jose and Seattle. But with both home prices and interest rates
December home sales fell 11 percent as prices turned in their smallest gain in over six years. Boston and San Jose both saw prices decline year over year. As predicted by CEO Glenn Kelman in early November, the housing market ended 2018 not with a bang, but a whimper. U.S. home-sale prices increased just 1.2
35-44 year olds were hit hardest by the housing bust just as they reached prime first-time homebuying age Less than half of homebuyers and sellers between the ages of 35 and 44 believe that real estate is a better long-term investment than the stock market, according to a survey Redfin commissioned in December of more
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