National home prices ticked up just a bit (0.4%) between September and October of this year, but were up 8% in October from a year earlier. As inventory plunged to new depths, the share of new listings that went under contract within two weeks bumped up two percentage points to its highest level since May.
As is typical this time of year, the housing market began to lose some steam in October, according to tour and offer data in Redfin’s Real-Time Demand Pulse. The month-over-month change in the number of Redfin clients touring homes and writing offers in October 2012 was nearly the same this year as last.
As the housing market winds down this year, home sellers’ concerns about the economy are beginning to ease slightly and responses to Redfin’s Real-Time Seller Survey point toward increasing confidence for the 2013 selling season.
More Confidence, Less Fear Among Home Sellers; Potential for Increased Inventory in 2013 Read More »
We are proud to introduce the inaugural Redfin Real-Time Agent Survey…and the picture painted by the agents is one of cautious optimism. Most agents we surveyed expect modest price gains, improvements for buyers as well as sellers, and moderate growth in the real estate industry.
Cautious Optimism For Real Estate from Agents: Redfin's Real-Time Agent Survey Read More »
National home prices turned in another 5 percent gain from a year ago in September, even as they began their typical seasonal decline, inching down just under 1 percent from August.
Redfin’s Real-Time Demand Pulse shows the American housing market continuing to gain strength, even as we head into the slower fall and winter season for home sales. The number of Redfin clients touring homes and writing offers on homes in September 2012 bested September 2011 in every way.
September Tours Increase 3%, Offers Up 4%, Sales Show No Sign of Slowing Read More »