A monthly update of housing market supply, demand, and prices.
Home sales stalled in October, increasing just 0.3 percent from last year, an abrupt slowdown from September’s double-digit growth. Twenty-seven of 67 metros tracked by Redfin had fewer transactions, including hot markets like Seattle, Denver, Austin, Miami and Dallas.
The Housing Market Takes a Dramatic Turn as Sales Flatten in October Read More »
The Redfin Housing Demand Index posted its smallest annual increase so far this year, inching up only 0.3 percent to 93 in September from 92 a year earlier. Fewer people are touring and those who are have less to choose from, but they’re still making offers.
Sales Maintain Healthy Growth Even As Buyers Hit Their Limits on Price Read More »
Home sales remained strong with an increase of 13.4 percent over last July, and price growth jumped to 5.8 percent year over year, up from 4.6 percent in June.
Home Sales Up 13.4% in July as Supply Hovers Near Record Lows Read More »
U.S. Home sales increased 11.4 percent in June compared to the same time last year, leaving buyers with the lowest supply of homes for sale on record.
June Housing Market Sets All-Time Records for High Speed and Low Supply Read More »
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.
Home Sales Hit High Speed as Price Growth Taps Brakes Read More »
New listings will need to keep pace with high demand in order to prevent another national shift in favor of sellers.
Buyer Demand Drives Double-Digit Growth in Home Sales, Devouring Inventory Read More »
