Monthly Market Update Archives

Prices Hold Strong as Home Sales Drop in November

December 29, 2014

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.

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Home Sales Up 2.2% in October, So Why Now?

November 25, 2014

The number of homes sold was up 2.2 percent year over year in October, making it the first month of 2014 during which home sales clearly outpaced 2013. September’s growth was essentially flat at 0.3 percent, and every other month this year has seen a year-over-year decline in homes sales. So why the uptick now?

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Newly Listed Homes Fall an Unexpected 9.3% in August

September 24, 2014

A surprising drop in newly listed homes combined with strong homebuyer demand could suggest that home prices will spike upward this fall as they did much of last year. Not so…

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Listing Price Drops Will Help Drive a Fall Surge in Home Sales

August 29, 2014

Homebuyers who have been willing to wait for better deals are starting to be rewarded for their patience, as sellers drop listing prices to meet buyers’ more value-focused expectations.

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Four Reasons the Housing Market Could Improve in the Second Half of 2014

July 18, 2014

While the Fed says the housing market has “lost traction,” Redfin expects the market in urban areas to regain its footing in the second half of 2014.

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Prices, Sales Volume, and Inventory Decline in September

October 10, 2013

The housing market frenzy of 2013 has officially come to a close. In line with normal seasonal trends, home sales, prices, and inventory all dropped from August. Prices had their third consecutive month-over-month drop, falling 2.2 percent this month. Home sales dropped 19 percent from August, and inventory fell 3.4 percent. However, the continuing housing

Prices, Sales Volume, and Inventory Decline in September Read More »

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Monthly Market Update