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Monthly Market Update

A monthly update of housing market supply, demand, and prices.

February Comes in Solid with Stable Price Growth, More Home Sales and New Listings

The housing market showed continued signs of strength last month, pointing toward a healthy spring season. In welcome news for buyers, newly listed homes shot up by 11.5 percent over last year, the largest increase since October 2013. Across the 50 major metros that Redfin tracks, the number of homes sold increased 3.2 percent year […]

February Comes in Solid with Stable Price Growth, More Home Sales and New Listings Read More »

Home Prices Up 7.6 Percent in January as Redfin Reports Record-Setting Homebuyer Demand

One consistent trend in housing is that prices fall every January. To get the industry’s earliest indication about January prices, today for the first time Redfin is releasing home price information for the current month. According to data from home sales recorded in the first three weeks of January, the median home price is $266,400,

Home Prices Up 7.6 Percent in January as Redfin Reports Record-Setting Homebuyer Demand Read More »

Prices Hold Strong as Home Sales Drop in November

With gas prices low and consumer confidence at the highest reported level in seven years, there was a lot to be cheery about heading into the holiday home-buying season. However, positive consumer sentiment did not translate into more real estate transactions last month as the number of homes sold plunged 21 percent in November versus October and was down 5 percent from this time last year.

Prices Hold Strong as Home Sales Drop in November Read More »

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