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2013 Starts Off Strong for Sellers: Home Prices & Sales Both Way Up
Home sales got off to a strong start this year
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 sales got off to a strong start this year
Let’s follow up the lament over the lack of listings we posted last month with some practical, data-based tips for the homeowners out there who have decided to take advantage of today’s seller-skewed market.
While December may have ended with mixed signals, January got 2013 off to a strong start from a demand perspective, with both tours and offers growing at a more rapid pace than a year earlier.
Today’s market is anything but slow for sellers, but according to our research, choosing the right agent still makes a big difference. Homes listed with a Redfin Agent sell faster, for more money, and are more likely to sell.
Redfin’s Real-Time Seller Survey presents a classic good news / bad news scenario. The good news is that homeowner confidence continues to rise—indicating a potential easing of tight inventory in the coming months.
After the first two weeks of the year, new listings are down nearly a third from 2012’s already weak levels, which leads us to ask: where are all the sellers?
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