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Housing Market News

Year-Over-Year Price Growth Edged Up Slightly in January

Home Price Growth Edged Up Nationally in January While the West Coast Began Seeing Red

Homebuyers are in the strongest position in years as the supply of homes for sale grows at fastest rate since May 2015 The housing market started off 2019 with buyers in a much better position than they were a year earlier. U.S. home-sale prices increased 2.9 percent in January compared to a year ago, to

Home Price Growth Edged Up Nationally in January While the West Coast Began Seeing Red Read More »

Bidding Wars Have Nearly Vanished

Only 1 in 8 Redfin Offers Faced Competition in January, Down From More than Half a Year Earlier

Just 13 percent of offers written by Redfin agents on behalf of their home-buying customers last month faced a bidding war, little changed from December’s record low, and down from 53 percent in January 2018. Two of last spring’s most competitive markets—Seattle and San Francisco—kicked off 2019 with fewer than one in five offers facing

Only 1 in 8 Redfin Offers Faced Competition in January, Down From More than Half a Year Earlier Read More »

luxury home

Sales of $2 Million-Plus Homes Decline for First Time in 2 Years as Prices Tick Up

Volatility on Wall Street and global economic uncertainty may have contributed to a decline in high-priced home sales in the luxury market. The average sale price for luxury homes nationwide rose 4.7 percent annually to an average of $1,772,000 in the fourth quarter of 2018. That’s on par with the annual growth seen in the

Sales of $2 Million-Plus Homes Decline for First Time in 2 Years as Prices Tick Up Read More »

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