Now that we have data from three quarterly surveys, we see some clear trends emerging. Home buyers surveyed by Redfin…
Today, we’re launching a companion report, based on a survey of active home sellers on Redfin. For one week beginning last Wednesday (August 10 to August 15, 2012), we surveyed 1,836 people who had used Redfin in the last three months and indicated that they were homeowners.
As the latest jobs and consumer confidence data begins to signal that the overall economy may finally be coming back to life, real estate continues to show signs that 2012 is likely the beginning of a long, flat bottom in real estate.
As the frenzied spring housing market begins to cool, Redfin’s tour and offer data suggest that while sales volume may fall off in the mid to late summer a little more quickly than last year, it will likely remain above last year’s levels for the next few months.
What if we could get our clients’ listings in front of more serious home buyers searching in their neighborhood and give them a better chance of selling for even more money, even faster? That’s just what we set out to do in 2012.
We thought it would be interesting to dig into Redfin’s stash of real estate data to answer the question: Does holding an open house make a home more likely to sell?
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