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Housing Market

Percent of Homes that Went Off Market in Two Weeks or Less by Metro Area

Spring’s Fastest Markets are Slowing Down this Fall

Seattle, San Jose and Denver—among the nation’s fastest housing markets—are seeing a dramatic slowdown, with as little as one in three homes going under contract within 14 days, down from two in three earlier this year. As the housing market heated up this spring there were fourteen metro areas around the country (see chart below) […]

The Share of Homes Selling Above List Price Just Dropped Below 2016 Levels

In Seattle, the Share of Homes Selling Above List Fell to 30% this Month from 50% a Year Ago In the four weeks ending on September 23, 22.9 percent of homes sold for more than their asking price, across the metros Redfin tracks. More than one-in-five sounds like a lot, but it represents a 2.6 […]

Redfin Housing Demand Index Remains Flat For Third Consecutive Month in July

Homebuyer demand posts biggest year-over-year decline in more than two years as inventory pressures subside The Redfin Housing Demand Index remained roughly unchanged at 120.3 for the third consecutive month in July as inventory declines continued to moderate , allowing buyers to be more selective. Compared with June, 1.1 percent fewer people requested home tours, […]
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