Click here to see the hottest neighborhoods of 2014. Most analysts now agree that 2012 was the bottom for the housing market, and 2013 is likely to usher in further gains in both home prices and sales, but not all neighborhoods are created equal. When you buy a home, you want to know that you’ll
Home prices, sales, and listings all fell between November and December as the housing market weathered the usually-slow holiday season with a smaller dip in prices than the same time a year ago. Listings continued to drop, falling to a level 33 percent below December 2011 and 44 percent below December 2010.
The Redfin Real-Time Demand Pulse shows mixed signals from December: the trend in tours last month was a little stronger than a year ago, but the trend in offers was a little weaker.
For the latest Redfin Real-Time Home-Buyer Tracker, we surveyed more than 1,000 active home-buyers who have recently toured homes with Redfin. The strongest messages they shared with us were a continued frustration with low inventory and a growing certainty that home prices in their areas are now on the rise.
National home prices ticked up just a bit (0.4%) between September and October of this year, but were up 8% in October from a year earlier. As inventory plunged to new depths, the share of new listings that went under contract within two weeks bumped up two percentage points to its highest level since May.
As is typical this time of year, the housing market began to lose some steam in October, according to tour and offer data in Redfin’s Real-Time Demand Pulse. The month-over-month change in the number of Redfin clients touring homes and writing offers in October 2012 was nearly the same this year as last.
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