U.S. Home sales increased 11.4 percent in June compared to the same time last year, leaving buyers with the lowest supply of homes for sale on record.
New listings will need to keep pace with high demand in order to prevent another national shift in favor of sellers.
The housing market showed continued signs of strength last month, pointing toward a healthy spring season. In welcome news for buyers, newly listed homes shot up by 11.5 percent over last year, the largest increase since October 2013. Across the 50 major metros that Redfin tracks, the number of homes sold increased 3.2 percent year
Redfin customers requesting home tours, an early indicator of housing market performance, jumped nearly 50 percent from a year ago and the number of newly listed homes for sale rose to the highest level since mid-2013, setting the stage for accelerating growth in the housing market in 2015, according to a Redfin analysis that tracks
Using Redfin Offer Insight data, we ranked the most competitive neighborhoods to buy a home in 2014.
With the housing market into its fourth year of price gains, homes in 2013 were being flipped for more money than ever: an average of $90,200 per home.
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