Newly Listed Homes in Short Supply, Down 12% in January

Newly Listed Homes in Short Supply, Down 12% in January

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Home sales posted strong monthly gains despite rising mortgage rates and record-low supply.

Fewer homes than ever were for sale in January, but homebuyers snapped up what they could before mortgage rates rose further. Seasonally adjusted new listings fell 12.4% month over month, bringing the number of homes for sale down 2.6% to a record low. But demand persisted, and sales rose 7.5%.

“We believe that the inventory crunch will ease in the summer as rates rise, but may not go away in 2022,” said Redfin CEO Glenn Kelman on Redfin’s Q4 earnings call. “We’re well aware of the economic pressures on homebuyers, but so many people are still so desperate to move that sales for now are still mostly constrained by inventory, not prices or even mortgage rates.”

Market Summary January 2022 Month-Over-Month Year-Over-Year
Median sale price $376,200 -1.5% 14.2%
Homes sold, seasonally-adjusted 623,100 7.5% -3.9%
Pending sales, seasonally-adjusted 612,000 1.8% -2.2%
New listings, seasonally-adjusted 558,400 -12.4% -12.4%
All Homes for sale, seasonally-adjusted 1,323,200 -2.6% -17.8%
Median days on market 27 2 -8
Months of supply 1.3 0.3 -0.5
Sold above list 42.5% -0.4 pts 9.3 pts
Median Off-Market Redfin Estimate $391,900 NA% 19.9%
Average Sale-to-list 100.4% -0.1 pts 1.1 pts
Average 30-year fixed mortgage rate 3.45% +0.35 pts +0.71 pts
† – ‘pts’ = percentage point change

“Homebuyers have zero leverage to negotiate right now,” said Dallas Redfin real estate agent Barbara Tidwell-Vincent. “Even the homes that need work are hyper competitive thanks to all the investors in the market. Most of the homes hitting the market are listed by people who need to sell—estate sales, major life changes, that sort of thing. With so few homes for sale, everything is getting multiple offers. I had a client offer $70,000 over asking price and we never even got a phone call back. It used to be that if you had good credit, a down payment, and all your financial ducks in a row, you could get a house. Not anymore. Just to compete you practically need a duffel bag full of cash.”

The housing market is changing rapidly in the opening months of 2022 with mortgage rates up 0.81 points between December 30 and February 17. Rising rates are likely to slow competition somewhat by summer.

The national median home sale price in January was up 14% from a year earlier to $376,200. Median sale prices increased from a year earlier in all but one of the 88 largest metro areas Redfin tracks. The only metro area with a decrease was Bridgeport, CT, where home prices fell 2% from a year earlier following a 22% year-over-year increase in January 2021. The largest price increases were in North Port, FL (+32%), Austin, TX (+32%) and Phoenix, AZ (+29%).

Median Home Price

Seasonally-adjusted home sales in January were up 7.5% from a month earlier and down 4% from a year earlier. Home sales fell from the prior year in 66 of the 88 largest metro areas Redfin tracks. The biggest sales declines were in Fresno, CA (-29%), Seattle (-22%) and San Francisco (-20%). The largest gains were in Honolulu (+26%), Miami (+10%) and Tulsa, OK (+10%).

Home Sales

Seasonally adjusted active listings—the count of all homes that were for sale at any time during the month—fell 18% year over year to an all-time low in January.

All 88 of the largest metros tracked by Redfin posted year-over-year decreases in the number of seasonally adjusted active listings of homes for sale. The biggest year-over-year declines in active housing supply in January were in Allentown, PA (-46%), Anaheim, CA (-42%) and San Jose, CA (-41%).

Supply of Homes for Sale

The 12% year-over-year drop in seasonally adjusted new listings is the largest decline since May 2020. This large decline was due in part to a series of severe winter storms along the East Coast. New listings were down 20% or more in some of the hardest-hit areas, like Boston, Providence, RI, Raleigh, NC, and Washington, D.C.. New listings fell from a year ago in 84 of the 88 largest metro areas. The only metro areas that saw more listings than a year earlier were Tulsa, OK (+2%), Las Vegas, NV (+2%), Indianapolis, IN (+1%) and Detroit, MI (+1%).

New Listings

Despite rising prices, home sales that closed in January reflected a slightly less competitive housing market in the prior months. Homes spent longer on the market and were less likely to sell above list price compared to mid-2021.

The typical home that sold in January went under contract in 27 days—a week faster than a year earlier, when homes sold in a median 34 days, and up 12 days from the record low of 15 days in June.

Days on Market

In January, 42% of homes sold above list price, down 14 percentage points from the record high in June, but up 9 percentage points from a year earlier.

Sold Above List Price

The average sale-to-list price ratio in December was 100.4%, down from a record high of 102.6% in June but up from 99.3% a year earlier.

Sale-to-List Price Ratio


Other January Highlights

Competition

Prices

Sales

  • Honolulu, HI led the nation in year-over-year sales growth, up 26.0%, followed by Miami, up 10.2%. Tulsa, OK rounded out the top three with sales up 9.7% from a year ago.
  • Fresno, CA saw the largest decline in sales since last year, falling 28.6%. Home sales in Seattle and San Francisco declined by 22.1% and 20.3%, respectively.

Inventory

  • No metro areas saw an increase in the number of homes for sale.
  • Allentown, PA had the largest decrease in overall active listings, falling 46% since last January. Anaheim, CA (-42.5%), San Jose, CA (-40.9%), and Fort Lauderdale, FL (-40.1%) also saw far fewer homes available on the market than a year ago.

Redfin Estimate

Below are market-by-market breakdowns for prices, inventory, new listings and sales for markets with populations of 750,000 or more. For downloadable data on all of the markets Redfin tracks, visit the Redfin Data Center.

Median Sale Price

Redfin Metro Median Sale Price Month-Over-Month Year-Over-Year
Albany, NY $260,000 -1.3% 11.1%
Allentown, PA $269,900 -1.9% 13.4%
Anaheim, CA $959,000 2.1% 19.9%
Atlanta, GA $346,000 -1.1% 23.6%
Austin, TX $484,800 1.2% 31.6%
Bakersfield, CA $335,000 -1.5% 16.7%
Baltimore, MD $315,000 -3.1% 5.0%
Baton Rouge, LA $240,000 -2.0% 8.3%
Birmingham, AL $259,000 -2.2% 12.6%
Boston, MA $595,000 -3.9% 6.8%
Bridgeport, CT $459,100 -6.3% -2.3%
Buffalo, NY $200,000 -2.0% 14.3%
Camden, NJ $275,000 2.6% 14.6%
Charleston, SC $365,000 -5.8% 14.4%
Charlotte, NC $357,000 0.0% 22.1%
Chicago, IL $289,000 0.7% 7.8%
Cincinnati, OH $226,000 -4.2% 11.1%
Cleveland, OH $175,000 -2.8% 7.4%
Columbus, OH $265,000 -3.6% 12.1%
Dallas, TX $380,000 -0.9% 20.6%
Dayton, OH $160,000 -8.6% 6.4%
Denver, CO $540,000 0.0% 18.7%
Detroit, MI $163,200 -5.1% 5.4%
El Paso, TX $215,000 -0.9% 16.2%
Elgin, IL $260,000 -1.9% 1.6%
Fort Lauderdale, FL $358,000 -1.4% 12.8%
Fort Worth, TX $331,800 -1.0% 24.3%
Frederick, MD $475,000 -4.0% 6.7%
Fresno, CA $390,000 2.6% 22.6%
Grand Rapids, MI $255,000 -1.9% 10.9%
Greensboro, NC $228,000 -0.9% 14.0%
Greenville, SC $285,000 -1.3% 20.3%
Hartford, CT $262,800 -3.3% 4.0%
Houston, TX $310,000 -2.5% 18.6%
Indianapolis, IN $240,000 -4.4% 12.6%
Jacksonville, FL $323,000 0.9% 24.4%
Kansas City, MO $265,000 -3.6% 8.2%
Knoxville, TN $301,500 -0.8% 22.5%
Lake County, IL $270,000 -0.2% 1.1%
Las Vegas, NV $402,000 0.5% 25.4%
Los Angeles, CA $825,000 -1.2% 14.6%
Louisville, KY $225,500 -5.1% 7.4%
McAllen, TX $200,000 -2.4% 21.2%
Memphis, TN $261,900 -4.8% 18.8%
Miami, FL $436,900 0.5% 18.1%
Milwaukee, WI $240,000 -2.9% 6.7%
Minneapolis, MN $335,000 0.0% 10.1%
Montgomery County, PA $380,000 -1.0% 6.3%
Nashville, TN $397,400 -3.1% 21.5%
Nassau County, NY $589,800 2.6% 9.2%
New Brunswick, NJ $425,000 0.0% 11.9%
New Haven, CT $270,000 -1.0% 10.2%
New Orleans, LA $277,400 1.2% 10.9%
New York, NY $655,000 1.6% 9.8%
Newark, NJ $450,000 -2.2% 5.9%
North Port, FL $429,000 2.7% 32.0%
Oakland, CA $855,200 -2.4% 6.9%
Oklahoma City, OK $224,000 -0.4% 8.6%
Omaha, NE $260,000 6.1% 15.6%
Orlando, FL $350,000 -2.2% 21.1%
Oxnard, CA $800,000 -0.6% 12.7%
Philadelphia, PA $250,000 -2.0% 5.0%
Phoenix, AZ $443,800 2.0% 28.6%
Pittsburgh, PA $199,000 -1.2% 4.4%
Portland, OR $515,000 1.0% 14.4%
Providence, RI $375,000 -1.3% 13.7%
Raleigh, NC $400,000 1.3% 28.0%
Richmond, VA $305,000 -1.3% 8.9%
Riverside, CA $530,000 0.0% 21.0%
Rochester, NY $170,500 -4.5% 3.5%
Sacramento, CA $545,000 -0.2% 15.7%
Salt Lake City, UT $500,000 2.0% 27.2%
San Antonio, TX $300,000 -1.8% 17.6%
San Diego, CA $780,000 1.3% 19.1%
San Francisco, CA $1,401,000 -5.9% 5.3%
San Jose, CA $1,359,500 -0.4% 13.2%
Seattle, WA $710,000 -2.7% 13.6%
St. Louis, MO $215,000 -2.7% 7.5%
Tacoma, WA $519,500 0.9% 19.4%
Tampa, FL $340,000 0.3% 25.9%
Tucson, AZ $325,000 -1.2% 20.4%
Tulsa, OK $222,200 1.0% 8.4%
Honolulu, HI $720,000 0.6% 13.1%
Virginia Beach, VA $280,000 -1.8% 7.3%
Warren, MI $244,600 -4.1% 6.4%
Washington, DC $470,000 -3.9% 6.3%
West Palm Beach, FL $390,900 1.5% 14.7%
Worcester, MA $370,000 2.8% 13.8%
National $376,200 -1.5% 14.2%

Homes Sold

Redfin Metro Homes Sold Month-Over-Month Year-Over-Year
Albany, NY 704 -30.5% -6.3%
Allentown, PA 678 -26.2% -1.9%
Anaheim, CA 1,857 -25.2% -18.6%
Atlanta, GA 6,127 -34.1% -13.9%
Austin, TX 2,117 -39.5% -11.8%
Bakersfield, CA 677 -17.3% -4.1%
Baltimore, MD 2,777 -31.6% -9.5%
Baton Rouge, LA 793 -30.7% -3.5%
Birmingham, AL 973 -31.4% -13.5%
Boston, MA 2,966 -38.0% -10.5%
Bridgeport, CT 961 -28.2% -16.7%
Buffalo, NY 948 -27.9% -1.4%
Camden, NJ 1,388 -22.5% -5.9%
Charleston, SC 1,191 -27.9% -9.2%
Charlotte, NC 3,292 -26.4% 3.9%
Chicago, IL 5,820 -31.4% 0.7%
Cincinnati, OH 1,919 -32.0% -3.2%
Cleveland, OH 1,920 -33.1% 0.7%
Columbus, OH 1,759 -34.1% -5.6%
Dallas, TX 4,080 -32.6% -5.3%
Dayton, OH 798 -27.8% 4.2%
Denver, CO 2,941 -37.2% -5.2%
Detroit, MI 1,406 -29.0% -0.7%
El Paso, TX 681 -27.6% -5.3%
Elgin, IL 650 -37.8% -7.9%
Fort Lauderdale, FL 2,642 -25.7% -2.2%
Fort Worth, TX 2,186 -28.9% 3.8%
Frederick, MD 1,125 -35.6% -6.6%
Fresno, CA 454 -43.5% -28.6%
Grand Rapids, MI 827 -33.8% -12.6%
Greensboro, NC 792 -24.4% 7.2%
Greenville, SC 952 -32.7% 1.1%
Hartford, CT 1,166 -30.4% -2.7%
Houston, TX 6,582 -32.7% 4.5%
Indianapolis, IN 2,155 -35.2% 4.9%
Jacksonville, FL 2,150 -31.9% -3.5%
Kansas City, MO 2,101 -35.3% -9.2%
Knoxville, TN 938 -28.1% -8.8%
Lake County, IL 812 -28.9% 0.4%
Las Vegas, NV 3,225 -18.8% 1.1%
Los Angeles, CA 4,771 -29.5% -7.5%
Louisville, KY 1,171 -35.4% -8.8%
McAllen, TX 373 -11.0% 3.0%
Memphis, TN 1,098 -24.4% 2.9%
Miami, FL 2,707 -29.6% 10.2%
Milwaukee, WI 1,173 -41.1% -4.3%
Minneapolis, MN 3,102 -40.0% -9.6%
Montgomery County, PA 1,682 -32.0% -8.6%
Nashville, TN 2,471 -37.0% -5.5%
Nassau County, NY 2,519 -18.7% -12.1%
New Brunswick, NJ 2,590 -24.5% -14.3%
New Haven, CT 820 -27.6% -8.9%
New Orleans, LA 1,046 -26.8% -5.4%
New York, NY 6,225 -16.5% 6.9%
Newark, NJ 1,745 -28.8% -12.8%
North Port, FL 1,790 -24.4% -7.5%
Oakland, CA 1,581 -35.2% -17.7%
Oklahoma City, OK 1,642 -24.2% 5.9%
Omaha, NE 744 -40.5% -9.2%
Orlando, FL 3,514 -24.1% 4.2%
Oxnard, CA 480 -33.2% -19.9%
Philadelphia, PA 2,011 -18.9% 7.8%
Phoenix, AZ 6,745 -24.2% -3.6%
Pittsburgh, PA 1,691 -34.8% -3.4%
Portland, OR 2,421 -30.5% -2.8%
Providence, RI 1,509 -29.5% -0.6%
Raleigh, NC 1,657 -32.7% -12.8%
Richmond, VA 1,288 -34.2% -11.1%
Riverside, CA 4,523 -22.9% -5.4%
Rochester, NY 747 -39.4% -16.8%
Sacramento, CA 1,941 -28.6% -7.5%
Salt Lake City, UT 929 -38.8% -15.9%
San Antonio, TX 2,254 -31.9% -9.5%
San Diego, CA 2,232 -29.1% -9.2%
San Francisco, CA 643 -41.9% -20.3%
San Jose, CA 840 -35.8% -15.7%
Seattle, WA 2,262 -40.5% -22.1%
St. Louis, MO 2,461 -36.6% -9.2%
Tacoma, WA 884 -40.6% -10.4%
Tampa, FL 4,878 -25.6% 4.3%
Tucson, AZ 1,345 -20.1% 2.8%
Tulsa, OK 1,126 -27.7% 9.7%
Honolulu, HI 852 -9.8% 26.0%
Virginia Beach, VA 1,991 -29.3% -2.5%
Warren, MI 2,487 -30.3% -8.4%
Washington, DC 4,242 -37.1% -11.8%
West Palm Beach, FL 2,240 -28.8% -12.2%
Worcester, MA 790 -35.1% -2.1%
National 623,100 7.5% -3.9%

New Listings

Redfin Metro New Listings Month-Over-Month Year-Over-Year
Albany, NY 592 16.8% -13.7%
Allentown, PA 319 -11.1% -53.2%
Anaheim, CA 2,039 41.4% -22.4%
Atlanta, GA 7,352 21.7% -14.4%
Austin, TX 2,474 23.4% -11.0%
Bakersfield, CA 750 24.4% -13.2%
Baltimore, MD 2,800 14.6% -14.2%
Birmingham, AL 1,144 13.2% -15.1%
Boston, MA 2,588 44.0% -20.0%
Bridgeport, CT 791 28.4% -30.1%
Buffalo, NY 637 24.2% -9.6%
Camden, NJ 1,217 9.1% -19.1%
Charleston, SC 1,302 22.9% -13.1%
Charlotte, NC 2,871 15.2% -22.3%
Chicago, IL 6,448 50.5% -15.4%
Cincinnati, OH 2,027 20.4% -10.2%
Cleveland, OH 1,929 20.0% -3.8%
Columbus, OH 1,966 14.8% -3.5%
Dallas, TX 4,683 15.3% -17.4%
Dayton, OH 772 6.2% -3.1%
Denver, CO 3,265 29.9% -19.5%
Detroit, MI 1,616 19.8% 1.3%
El Paso, TX 870 30.0% -0.8%
Elgin, IL 724 29.3% -13.4%
Fort Lauderdale, FL 2,875 14.8% -27.4%
Fort Worth, TX 2,412 15.5% -10.3%
Frederick, MD 1,021 12.6% -28.1%
Fresno, CA 619 29.2% -9.0%
Grand Rapids, MI 751 7.0% -19.2%
Greensboro, NC 465 -13.7% -40.5%
Greenville, SC 966 12.6% -12.7%
Hartford, CT 943 19.1% -13.6%
Houston, TX 8,646 29.8% -1.7%
Indianapolis, IN 2,406 16.0% 1.3%
Jacksonville, FL 2,412 8.5% -13.9%
Kansas City, MO 2,138 8.9% -18.8%
Knoxville, TN 698 0.9% -26.5%
Lake County, IL 739 22.4% -23.3%
Las Vegas, NV 3,408 25.9% 1.7%
Los Angeles, CA 5,473 47.0% -12.7%
Louisville, KY 1,254 12.0% -11.7%
McAllen, TX 492 15.8% -1.0%
Memphis, TN 1,325 16.7% -1.2%
Miami, FL 3,625 26.9% -9.8%
Milwaukee, WI 1,239 38.3% -12.1%
Minneapolis, MN 3,028 40.4% -15.5%
Montgomery County, PA 1,497 19.7% -17.8%
Nashville, TN 2,536 19.6% -26.8%
Nassau County, NY 2,192 44.8% -14.5%
New Brunswick, NJ 2,387 45.0% -15.2%
New Haven, CT 695 22.4% -17.3%
New Orleans, LA 1,307 28.6% -8.6%
New York, NY 6,795 59.3% -4.8%
Newark, NJ 1,612 42.3% -18.6%
North Port, FL 2,209 25.9% -9.2%
Oakland, CA 1,975 56.5% -11.2%
Oklahoma City, OK 1,791 11.0% -6.9%
Omaha, NE 751 25.4% -11.5%
Orlando, FL 3,932 15.8% -4.9%
Oxnard, CA 601 38.5% -12.3%
Philadelphia, PA 2,006 23.8% -9.6%
Phoenix, AZ 7,685 25.4% -6.1%
Pittsburgh, PA 1,668 20.7% -4.8%
Portland, OR 2,557 38.0% -14.0%
Providence, RI 1,253 17.7% -20.2%
Raleigh, NC 1,605 7.2% -29.0%
Richmond, VA 1,313 20.3% -19.4%
Riverside, CA 5,027 38.6% -1.4%
Rochester, NY 637 27.9% -6.0%
Sacramento, CA 1,987 29.3% -8.2%
San Antonio, TX 2,744 14.0% -9.4%
San Diego, CA 2,635 47.0% -11.4%
San Francisco, CA 998 166.8% -19.3%
San Jose, CA 1,112 76.5% -18.1%
Seattle, WA 2,802 40.0% -17.8%
St. Louis, MO 2,454 21.9% -13.0%
Tacoma, WA 962 16.0% -14.9%
Tampa, FL 5,451 14.5% -5.6%
Tucson, AZ 1,435 12.5% -7.2%
Tulsa, OK 1,212 16.4% 1.8%
Honolulu, HI 690 4.9% -23.8%
Virginia Beach, VA 2,050 13.4% -12.5%
Warren, MI 2,565 24.9% -3.1%
Washington, DC 4,272 16.7% -24.2%
West Palm Beach, FL 3,072 23.5% -12.9%
Worcester, MA 576 3.0% -15.4%
National 558,400 -12.4% -12.4%

All Homes for Sale

Redfin Metro All Homes for Sale Month-Over-Month Year-Over-Year
Albany, NY 1,935 -10.5% -23.5%
Allentown, PA 923 -25.9% -46.0%
Anaheim, CA 3,975 -6.4% -42.5%
Atlanta, GA 16,505 -2.7% -23.9%
Austin, TX 5,788 -14.6% -6.5%
Bakersfield, CA 1,632 -3.6% -18.4%
Baltimore, MD 6,901 -9.8% -14.7%
Birmingham, AL 3,140 -9.1% -28.0%
Boston, MA 5,443 -17.6% -32.6%
Bridgeport, CT 2,780 -16.0% -38.8%
Buffalo, NY 1,408 -11.5% -15.0%
Camden, NJ 3,109 -12.6% -21.1%
Charleston, SC 3,690 -9.0% -27.5%
Charlotte, NC 7,578 -9.8% -28.5%
Chicago, IL 17,600 -5.1% -22.1%
Cincinnati, OH 5,925 -11.9% -12.2%
Cleveland, OH 5,601 -11.2% -11.2%
Columbus, OH 5,021 -14.3% -8.8%
Dallas, TX 9,896 -8.4% -27.9%
Dayton, OH 1,958 -10.6% -11.4%
Denver, CO 4,978 -2.7% -27.6%
Detroit, MI 4,467 -10.0% -0.3%
El Paso, TX 2,049 1.6% -25.8%
Elgin, IL 1,565 -3.3% -19.9%
Fort Lauderdale, FL 9,044 -8.2% -40.1%
Fort Worth, TX 5,112 -6.8% -18.2%
Frederick, MD 2,282 -17.8% -27.5%
Fresno, CA 1,224 4.2% -8.8%
Grand Rapids, MI 1,437 -11.2% -26.9%
Greensboro, NC 1,432 -21.3% -39.8%
Greenville, SC 2,833 -10.8% -27.5%
Hartford, CT 2,828 -17.8% -29.7%
Houston, TX 21,632 0.3% -14.7%
Indianapolis, IN 4,668 -3.5% -14.3%
Jacksonville, FL 5,505 -9.1% -25.2%
Kansas City, MO 5,055 -9.4% -23.5%
Knoxville, TN 2,435 -16.8% -33.1%
Lake County, IL 2,018 -11.0% -28.0%
Las Vegas, NV 7,700 -5.4% -21.5%
Los Angeles, CA 13,323 -8.2% -28.8%
Louisville, KY 3,081 -7.3% -18.8%
McAllen, TX 1,662 -1.8% -16.2%
Memphis, TN 3,031 -2.5% -16.6%
Miami, FL 13,305 -5.0% -25.5%
Milwaukee, WI 4,097 -16.7% -6.0%
Minneapolis, MN 7,397 -9.4% -15.2%
Montgomery County, PA 3,473 -12.1% -23.7%
Nashville, TN 5,925 -8.5% -32.1%
Nassau County, NY 6,159 -8.4% -31.9%
New Brunswick, NJ 6,848 -8.5% -17.8%
New Haven, CT 2,292 -15.7% -25.7%
New Orleans, LA 3,209 1.6% -24.4%
New York, NY 28,390 -4.5% -25.2%
Newark, NJ 4,928 -7.9% -25.8%
North Port, FL 3,692 6.0% -38.8%
Oakland, CA 2,973 4.2% -21.1%
Oklahoma City, OK 4,020 -3.6% -11.5%
Omaha, NE 1,411 -6.1% -22.6%
Orlando, FL 7,355 -3.8% -34.1%
Oxnard, CA 1,295 -6.0% -25.4%
Philadelphia, PA 6,625 -8.0% -7.6%
Phoenix, AZ 16,175 -3.2% -10.4%
Pittsburgh, PA 7,149 -12.7% -5.8%
Portland, OR 4,534 -0.2% -20.3%
Providence, RI 3,143 -15.8% -25.7%
Raleigh, NC 3,795 -13.3% -37.8%
Richmond, VA 2,459 -3.9% -31.6%
Riverside, CA 11,369 -5.6% -15.7%
Rochester, NY 1,214 -7.9% -24.7%
Sacramento, CA 3,674 -3.0% -10.0%
San Antonio, TX 6,917 -6.0% -16.4%
San Diego, CA 4,150 5.4% -28.4%
San Francisco, CA 2,002 2.4% -29.6%
San Jose, CA 1,568 8.5% -40.9%
Seattle, WA 3,806 7.0% -35.0%
St. Louis, MO 6,254 -7.5% -20.6%
Tacoma, WA 1,527 -5.6% -13.1%
Tampa, FL 9,537 -1.5% -27.7%
Tucson, AZ 4,013 -6.4% -2.3%
Tulsa, OK 2,544 -2.5% -11.7%
Honolulu, HI 2,681 -9.8% -21.7%
Virginia Beach, VA 4,496 -9.3% -19.8%
Warren, MI 5,686 -12.6% -13.3%
Washington, DC 10,880 -15.1% -19.3%
West Palm Beach, FL 8,067 -1.8% -38.3%
Worcester, MA 1,430 -18.8% -20.1%
National 1,323,200 -2.6% -17.8%
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Tim Ellis

Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the "Dispatches from the Multiverse" improvised comedy sci-fi podcast.

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