As the housing market winds down this year, home sellers’ concerns about the economy are beginning to ease slightly and responses to Redfin’s Real-Time Seller Survey point toward increasing confidence for the 2013 selling season.
We are proud to introduce the inaugural Redfin Real-Time Agent Survey…and the picture painted by the agents is one of cautious optimism. Most agents we surveyed expect modest price gains, improvements for buyers as well as sellers, and moderate growth in the real estate industry.
National home prices turned in another 5 percent gain from a year ago in September, even as they began their typical seasonal decline, inching down just under 1 percent from August.
Redfin’s Real-Time Demand Pulse shows the American housing market continuing to gain strength, even as we head into the slower fall and winter season for home sales. The number of Redfin clients touring homes and writing offers on homes in September 2012 bested September 2011 in every way.
National home prices hit a two-year high in August, marking a 5% gain from August 2011 and holding steady month-over-month during a time of year that typically sees a seasonal decline in prices.
Early signals from Redfin’s Real-Time Demand Pulse indicate that regardless of what’s happening in the broader economy, housing prices will keep getting better.
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