Housing Market News

Bidding Wars Disappearing Throughout Seattle

Bidding Wars in Seattle Nearly Vanish with Only 1 in 10 Offers Now Facing Competition

Buyers in every part of the city get a major reprieve, but one in three South Seattle offers still face competition As the share of Redfin offers facing competition plummets to an eight-year low nationally, the Seattle metro area has seen a particularly spectacular decline in bidding wars, falling from 75 percent of all offers […]

Bidding Wars in Seattle Nearly Vanish with Only 1 in 10 Offers Now Facing Competition Read More »

Redfin’s 2019 Predictions: Housing market will be coolest we have seen in years, but homeownership will continue to rise

We predict that the housing market will continue to cool into the first half of 2019. Inventory will rise back up to 2017 levels, and price growth, while likely still positive, will be the lowest we’ve seen since 2014 or possibly even 2011. Investors and house-flippers will back away from the cooling market, and real

Redfin’s 2019 Predictions: Housing market will be coolest we have seen in years, but homeownership will continue to rise Read More »

Inventory

Home Supply Up 123% in San Jose, Nearly 100% in Seattle, Leading the Nation’s Biggest Inventory Increase in 3 Years

Slowing price growth and a growing percentage of price drops are other signs that the regions’ real estate markets may finally be cooling. Signals are emerging that the party may be coming to an end for home sellers in San Jose and Seattle, which have been two of the hottest seller’s markets in the country

Home Supply Up 123% in San Jose, Nearly 100% in Seattle, Leading the Nation’s Biggest Inventory Increase in 3 Years Read More »

Year-Over-Year Growth in Homes for Sale Hit a Three-Year High in November

Housing Inventory Up 5% in November—Fastest Growth in 3 Years—as Sales Decline 8%

Prices post sub-4% growth for third consecutive month Balance of supply and demand is shifting toward homebuyers’ favor in markets like San Francisco, Seattle, Denver, Dallas, and Portland, Oregon U.S. home-sale prices increased 3.3 percent in November compared to a year ago, to a median of $298,800. November marked the third straight month of annual

Housing Inventory Up 5% in November—Fastest Growth in 3 Years—as Sales Decline 8% Read More »

Bidding War Rate Falls to Eight-Year Low

Bidding Wars Plummet to an Eight-Year Low, but Buyers Still Face Competition Most of the Time in These Zip Codes

Despite a cooling market, bidding wars remain the norm in hot California, Boston and D.C. zip codes Thirty-two percent of offers written by Redfin agents on behalf of their home-buying customers in November faced competition (one or more competing bids), down from 45 percent a year earlier, marking an all-time low since Redfin began tracking

Bidding Wars Plummet to an Eight-Year Low, but Buyers Still Face Competition Most of the Time in These Zip Codes Read More »

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