A monthly update of housing market supply, demand, and prices.
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 »
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 »
Redfin customers requesting home tours, an early indicator of housing market performance, jumped nearly 50 percent from a year ago and the number of newly listed homes for sale rose to the highest level since mid-2013, setting the stage for accelerating growth in the housing market in 2015, according to a Redfin analysis that tracks
2015 Could Be the Biggest Year for Housing Since the Bust Read More »
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 »
