Housing Inventory Crunch Finally Subsides as Supply Posts First Annual Gain in Nearly Three Years
September Home Sales Slump, Prices Post Smallest Increase Since the Market Bottomed in 2012
Housing Market News
20% of Recent Homebuyers Made an Offer Sight-Unseen, Down from 35% Late Last Year
Redfin Survey Suggests that Buyers Are Under Less Pressure to Make Hasty Bids as Competition Eases One in five recent homebuyers said they made an offer sight-unseen, according to a Redfin-commissioned survey in May of 1,463 people across 14 major markets who had bought a home in the last year. That’s down from 35 percent
20% of Recent Homebuyers Made an Offer Sight-Unseen, Down from 35% Late Last Year Read More »
Spring’s Fastest Markets are Slowing Down this Fall
Seattle, San Jose and Denver—among the nation’s fastest housing markets—are seeing a dramatic slowdown, with as little as one in three homes going under contract within 14 days, down from two in three earlier this year. As the housing market heated up this spring there were fourteen metro areas around the country (see chart below)
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For-Sale Home Supply Surges In Hot West Coast Markets
But not because more people are listing their homes; the number of homes for sale is building up as fewer homes sell year over year.
For-Sale Home Supply Surges In Hot West Coast Markets Read More »
The Share of Homes Selling Above List Price Just Dropped Below 2016 Levels
In Seattle, the Share of Homes Selling Above List Fell to 30% this Month from 50% a Year Ago In the four weeks ending on September 23, 22.9 percent of homes sold for more than their asking price, across the metros Redfin tracks. More than one-in-five sounds like a lot, but it represents a 2.6
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Home Prices Up 4.7% in August, Lowest Price Growth in Four Years
August Home Sales Fell 2.4%, as Inventory Declined Just 3.4% from Last Year
Home Prices Up 4.7% in August, Lowest Price Growth in Four Years Read More »