Monthly Market Update Archives

Home Sales Hit High Speed as Price Growth Taps Brakes

June 18, 2015

In May homes sold at their fastest pace in nearly two years, with the typical property on the market only 28 days, down from 32 in April. Last month, 35.6 percent of homes went under contract within two weeks of their debut, just shy of the peak rate of 35.8 percent exactly two years ago. For the last three years there’s been a double-digit spike in homes sold; this year, an inventory shortage has kept a lid on that growth.

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Buyer Demand Drives Double-Digit Growth in Home Sales, Devouring Inventory

April 16, 2015

New listings will need to keep pace with high demand in order to prevent another national shift in favor of sellers.

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February Comes in Solid with Stable Price Growth, More Home Sales and New Listings

March 31, 2015

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

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2015 Could Be the Biggest Year for Housing Since the Bust

February 26, 2015

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

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Home Prices Up 7.6 Percent in January as Redfin Reports Record-Setting Homebuyer Demand

January 27, 2015

One consistent trend in housing is that prices fall every January. To get the industry’s earliest indication about January prices, today for the first time Redfin is releasing home price information for the current month. According to data from home sales recorded in the first three weeks of January, the median home price is $266,400,

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Prices Hold Strong as Home Sales Drop in November

December 29, 2014

With gas prices low and consumer confidence at the highest reported level in seven years, there was a lot to be cheery about heading into the holiday home-buying season. However, positive consumer sentiment did not translate into more real estate transactions last month as the number of homes sold plunged 21 percent in November versus October and was down 5 percent from this time last year.

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