{"id":21387,"date":"2015-01-27T05:00:22","date_gmt":"2015-01-27T13:00:22","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/research\/?p=21387"},"modified":"2020-10-06T12:59:52","modified_gmt":"2020-10-06T19:59:52","slug":"market-tracker-december-2014","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/market-tracker-december-2014\/","title":{"rendered":"Home Prices Up 7.6 Percent in January as Redfin Reports Record-Setting Homebuyer Demand"},"content":{"rendered":"

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, down just 1.2 percent from last month, a mere third of last year\u2019s decline. And the median price is actually up a solid 7.6 percent compared with last January.
\nSo what\u2019s different this January? More people listed their homes for sale in December than in any other December since 2008. That led to a 4.8 percent year-over-year increase in total homes for sale heading into January. That much-needed inventory paired with strong buyer demand led to a solid increase in home prices in January compared with last year.
\n\"january-median-sale-price\"<\/p>\n

Homebuyer Demand Starts Strong in 2015<\/h3>\n

Last week, Redfin home-tour demand hit an all-time record, up 62 percent from the same week last year, with signed offers up 58 percent. In the first three weeks of the year the number of customers requesting tours surged 40 percent from this time last year, while the number of customers writing offers with Redfin agents leaped by 30 percent.
\nA rebound in first-time homebuyer interest is helping to strengthen demand this year. In the week of January 12, 57 percent of Redfin home tours were taken by first-timers, compared with 31 percent the week before, 44 percent a month earlier and 48 percent the same week last year. It\u2019s also the highest rate of first-timers touring we\u2019ve seen since the end of 2012.
\nRedfin agents across the country are having d\u00e9j\u00e0 vu, with bidding wars and packed open houses reminiscent of the 2013 frenzy. But in true 2015 style, buyers are now competing over homes at affordable price points.
\nRedfin agent Klaus Gosma says that more than 130 people visited this $350,000 three-bedroom Seattle townhouse<\/a> during its open houses over the weekend.
\n“I have never seen so much traffic at an open house,” says Gosma, who has sold nearly 300 homes in his career. \u201cThe big draw for buyers was the home\u2019s affordable price point.\u201d
\nThese early stages of buyer interest are driven in part by rock-bottom mortgage interest rates and a more lenient lending environment, but December housing activity shows us that buyers are finicky when it comes to prices. They will buy, but they won\u2019t overpay.
\nA 2.3 percent drop in the median sale price in December from the previous month helped drive a 4.9 percent increase in sales for December compared with 2013. But only 14.8 percent of those homes sold for more than their list price, the lowest percentage of any month in three years. Homes also stayed on the market an average of six days longer than they did a year before.
\n\"redfin-market-summary\"
\n\"redfin-december-homes-sold-year-over-year\"<\/p>\n

2014 Wasn\u2019t So Bad After All<\/h3>\n

After a year of hand wringing due to an underperforming first quarter, sales in 2014 across all Redfin markets were essentially flat, down just 0.03 percent from 2013. The shift to a more balanced market that we’ve seen signs of for months finally crystallized in the fourth quarter in many markets. Most metro areas (36 of 46) had more homes newly listed for sale compared with a year earlier, with the usual exceptions being in the Bay Area, Minneapolis and Seattle. In some places, the market has clearly shifted in favor of buyers.
\n\"redfin-total-homes-sold\"
\n\u201cThe tug of war between buyers and sellers here was settled late last year, with buyers edging out sellers,\u201d says Redfin agent Paul Reid in the Inland Empire. \u201cPrices have slowed considerably and inventory jumped quite a bit in the fourth quarter. Homes are staying on the market longer, a clear sign of buyers gaining an advantage in 2015.\u201d
\nReid says buyers will walk away at the first sign of an issue: a surprise on a home inspection, a low appraisal or a seller who doesn\u2019t seem willing to negotiate.<\/p>\n

What Could Go Wrong?<\/h3>\n

Conditions heading into 2015 are favorable: buyer demand, low interest rates and more homes for sale. But inventory in a few metro areas is critically low, which could really sink sales volume in those places unless we see a much-anticipated surge in new listings in the next few months.
\nA clear warning sign on this comes from San Jose. The number of homes for sale was down 35 percent from November to December, and 8 percent year over year. The metro area had a 76 percent month-over-month drop in home sales.
\n\"redfin-san-jose\"
\nIn metro areas like Dallas, Boulder and Portland, the number of homes on the market is down more than 10 percent from a year ago. Homes in Denver are now selling faster than in the San Francisco Bay Area, which had long been the fastest housing market in the country. Because of low inventory in Denver, half of all listings were off market in less than two weeks (48.1 percent) and the median days on market was just 16 compared with 43 in all Redfin markets.
\nIn the hottest neighborhoods<\/a>, the lack of inventory paired with high demand will put upward pressure on sales prices. But buyers will only act if there are enough homes to choose from at the right price, which means that the 2015 housing market hinges on sellers.<\/p>\n

Median Sale Price<\/h3>\n
Click here<\/a> for preliminary January prices<\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Metro name<\/th>\nMedian sale price<\/th>\nMonth-over
\nMonth Change<\/th>\n		Year-Over-
\nYear Change<\/th>\n<\/tr>\n<\/thead>\n
Allentown, PA<\/td>\n$ 160,000<\/td>\n-9.1%<\/td>\n\n
-8.0%<\/div>\n<\/td>\n<\/tr>\n
Atlanta, GA<\/td>\n$ 177,000<\/td>\n+2.9%<\/td>\n\n
+13.5%<\/div>\n<\/td>\n<\/tr>\n
Austin, TX<\/td>\n$ 248,900<\/td>\n+1.6%<\/td>\n\n
+9.2%<\/div>\n<\/td>\n<\/tr>\n
Bakersfield, CA<\/td>\n$ 187,500<\/td>\n-4.8%<\/td>\n\n
+3.3%<\/div>\n<\/td>\n<\/tr>\n
Baltimore, MD<\/td>\n$ 231,350<\/td>\n-1.6%<\/td>\n\n
-1.6%<\/div>\n<\/td>\n<\/tr>\n
Boston, MA<\/td>\n$ 347,000<\/td>\n+2.1%<\/td>\n\n
+4.8%<\/div>\n<\/td>\n<\/tr>\n
Boulder, CO<\/td>\n$ 370,000<\/td>\n+4.5%<\/td>\n\n
+4.2%<\/div>\n<\/td>\n<\/tr>\n
Cape Coral-Fort Myers, FL<\/td>\n$ 168,800<\/td>\n+2.4%<\/td>\n\n
+7.7%<\/div>\n<\/td>\n<\/tr>\n
Charlotte, NC<\/td>\n$ 188,500<\/td>\n+2.4%<\/td>\n\n
+3.3%<\/div>\n<\/td>\n<\/tr>\n
Chicago, IL<\/td>\n$ 185,000<\/td>\n+1.6%<\/td>\n\n
+3.9%<\/div>\n<\/td>\n<\/tr>\n
Dallas-Fort Worth, TX<\/td>\n$ 202,950<\/td>\n-1.0%<\/td>\n\n
+13.4%<\/div>\n<\/td>\n<\/tr>\n
Denver, CO<\/td>\n$ 285,000<\/td>\n+2.9%<\/td>\n\n
+14.0%<\/div>\n<\/td>\n<\/tr>\n
Detroit, MI<\/td>\n$ 75,000<\/td>\n+0.8%<\/td>\n<\/td>\n<\/tr>\n
Fort Lauderdale, FL<\/td>\n$ 192,000<\/td>\n+9.7%<\/td>\n\n
+12.9%<\/div>\n<\/td>\n<\/tr>\n
Fresno, CA<\/td>\n$ 203,000<\/td>\n+1.0%<\/td>\n\n
+4.4%<\/div>\n<\/td>\n<\/tr>\n
Hampton Roads, VA<\/td>\n$ 200,000<\/td>\n+0.0%<\/td>\n\n
+3.5%<\/div>\n<\/td>\n<\/tr>\n
Houston, TX<\/td>\n$ 229,600<\/td>\n+0.7%<\/td>\n\n
+20.9%<\/div>\n<\/td>\n<\/tr>\n
Hudson Valley, NY<\/td>\n$ 398,000<\/td>\n+6.1%<\/td>\n\n
-1.7%<\/div>\n<\/td>\n<\/tr>\n
Jacksonville, FL<\/td>\n$ 177,000<\/td>\n+5.5%<\/td>\n\n
+10.6%<\/div>\n<\/td>\n<\/tr>\n
Las Vegas, NV<\/td>\n$ 189,500<\/td>\n+1.1%<\/td>\n\n
+11.5%<\/div>\n<\/td>\n<\/tr>\n
Long Island, NY<\/td>\n$ 370,000<\/td>\n+0.0%<\/td>\n\n
+4.4%<\/div>\n<\/td>\n<\/tr>\n
Los Angeles, CA<\/td>\n$ 475,000<\/td>\n+0.0%<\/td>\n\n
+6.5%<\/div>\n<\/td>\n<\/tr>\n
Memphis, TN<\/td>\n$ 147,450<\/td>\n+13.5%<\/td>\n\n
+15.3%<\/div>\n<\/td>\n<\/tr>\n
Miami, FL<\/td>\n$ 225,000<\/td>\n+4.7%<\/td>\n\n
+9.8%<\/div>\n<\/td>\n<\/tr>\n
Minneapolis-St. Paul, MN<\/td>\n$ 200,000<\/td>\n-2.4%<\/td>\n\n
+5.3%<\/div>\n<\/td>\n<\/tr>\n
Nashville, TN<\/td>\n$ 212,950<\/td>\n-1.8%<\/td>\n\n
+7.0%<\/div>\n<\/td>\n<\/tr>\n
Oakland, CA<\/td>\n$ 525,000<\/td>\n-0.9%<\/td>\n\n
+8.2%<\/div>\n<\/td>\n<\/tr>\n
Orange County, CA<\/td>\n$ 555,000<\/td>\n-2.6%<\/td>\n\n
+3.2%<\/div>\n<\/td>\n<\/tr>\n
Orlando, FL<\/td>\n$ 170,000<\/td>\n+1.2%<\/td>\n\n
+6.2%<\/div>\n<\/td>\n<\/tr>\n
Philadelphia, PA<\/td>\n$ 225,000<\/td>\n+0.0%<\/td>\n\n
+0.9%<\/div>\n<\/td>\n<\/tr>\n
Phoenix, AZ<\/td>\n$ 200,000<\/td>\n+2.6%<\/td>\n\n
+5.3%<\/div>\n<\/td>\n<\/tr>\n
Portland, OR<\/td>\n$ 280,000<\/td>\n+0.0%<\/td>\n\n
+9.8%<\/div>\n<\/td>\n<\/tr>\n
Providence, RI<\/td>\n$ 205,000<\/td>\n-3.5%<\/td>\n\n
+3.0%<\/div>\n<\/td>\n<\/tr>\n
Raleigh-Durham, NC<\/td>\n$ 213,200<\/td>\n-1.9%<\/td>\n\n
-3.7%<\/div>\n<\/td>\n<\/tr>\n
Richmond, VA<\/td>\n$ 210,000<\/td>\n+5.1%<\/td>\n\n
+7.7%<\/div>\n<\/td>\n<\/tr>\n
Riverside-San Bernardino, CA<\/td>\n$ 289,000<\/td>\n+1.8%<\/td>\n\n
+7.0%<\/div>\n<\/td>\n<\/tr>\n
Sacramento, CA<\/td>\n$ 295,000<\/td>\n+3.5%<\/td>\n\n
+8.5%<\/div>\n<\/td>\n<\/tr>\n
San Antonio, TX<\/td>\n$ 178,650<\/td>\n+2.1%<\/td>\n\n
+6.3%<\/div>\n<\/td>\n<\/tr>\n
San Diego, CA<\/td>\n$ 440,000<\/td>\n+0.9%<\/td>\n\n
+5.4%<\/div>\n<\/td>\n<\/tr>\n
San Francisco, CA<\/td>\n$ 885,000<\/td>\n-6.8%<\/td>\n\n
+12.0%<\/div>\n<\/td>\n<\/tr>\n
San Jose, CA<\/td>\n$ 706,000<\/td>\n-3.9%<\/td>\n\n
+8.6%<\/div>\n<\/td>\n<\/tr>\n
Seattle, WA<\/td>\n$ 365,850<\/td>\n-2.4%<\/td>\n\n
+4.5%<\/div>\n<\/td>\n<\/tr>\n
Tacoma, WA<\/td>\n$ 229,000<\/td>\n-1.2%<\/td>\n\n
+6.0%<\/div>\n<\/td>\n<\/tr>\n
Tampa, FL<\/td>\n$ 156,000<\/td>\n+2.6%<\/td>\n\n
+4.0%<\/div>\n<\/td>\n<\/tr>\n
Tucson, AZ<\/td>\n$ 169,700<\/td>\n+1.2%<\/td>\n\n
+5.1%<\/div>\n<\/td>\n<\/tr>\n
Ventura County, CA<\/td>\n$ 485,000<\/td>\n+2.9%<\/td>\n\n
+3.2%<\/div>\n<\/td>\n<\/tr>\n
Washington, DC<\/td>\n$ 370,000<\/td>\n+2.8%<\/td>\n\n
+3.1%<\/div>\n<\/td>\n<\/tr>\n
West Palm Beach, FL<\/td>\n$ 210,000<\/td>\n+4.1%<\/td>\n\n
+9.4%<\/div>\n<\/td>\n<\/tr>\n
Combined Markets<\/b><\/td>\n$ 267,000<\/b><\/td>\n-2.1%<\/b><\/td>\n\n
+5.3%<\/b><\/div>\n

 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Homes Sold<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Metro name<\/th>\nHomes sold<\/th>\nMonth-over
\nMonth Change<\/th>\n		Year-Over-
\nYear Change<\/th>\n<\/tr>\n<\/thead>\n
Allentown, PA<\/td>\n550<\/td>\n+21.1%<\/td>\n\n
+17.3%<\/div>\n<\/td>\n<\/tr>\n
Atlanta, GA<\/td>\n5,050<\/td>\n+12.3%<\/td>\n\n
+9.3%<\/div>\n<\/td>\n<\/tr>\n
Austin, TX<\/td>\n2,150<\/td>\n+16.4%<\/td>\n\n
+4.7%<\/div>\n<\/td>\n<\/tr>\n
Baltimore, MD<\/td>\n2,850<\/td>\n+24.2%<\/td>\n\n
+25.1%<\/div>\n<\/td>\n<\/tr>\n
Boston, MA<\/td>\n4,600<\/td>\n+13.3%<\/td>\n\n
+3.6%<\/div>\n<\/td>\n<\/tr>\n
Boulder, CO<\/td>\n350<\/td>\n+2.8%<\/td>\n\n
+9.9%<\/div>\n<\/td>\n<\/tr>\n
Cape Coral-Fort Myers, FL<\/td>\n1,150<\/td>\n+20.9%<\/td>\n\n
+4.5%<\/div>\n<\/td>\n<\/tr>\n
Charlotte, NC<\/td>\n2,300<\/td>\n+21.4%<\/td>\n\n
+8.3%<\/div>\n<\/td>\n<\/tr>\n
Chicago, IL<\/td>\n7,650<\/td>\n+8.5%<\/td>\n\n
-3.0%<\/div>\n<\/td>\n<\/tr>\n
Dallas-Fort Worth, TX<\/td>\n6,300<\/td>\n+14.4%<\/td>\n\n
+2.4%<\/div>\n<\/td>\n<\/tr>\n
Denver, CO<\/td>\n3,900<\/td>\n+6.4%<\/td>\n\n
+9.9%<\/div>\n<\/td>\n<\/tr>\n
Fort Lauderdale, FL<\/td>\n2,550<\/td>\n+14.6%<\/td>\n\n
-2.0%<\/div>\n<\/td>\n<\/tr>\n
Fresno, CA<\/td>\n650<\/td>\n+25.6%<\/td>\n\n
-2.3%<\/div>\n<\/td>\n<\/tr>\n
Hampton Roads, VA<\/td>\n1,550<\/td>\n+28.9%<\/td>\n\n
+7.2%<\/div>\n<\/td>\n<\/tr>\n
Houston, TX<\/td>\n6,200<\/td>\n+23.3%<\/td>\n\n
+6.9%<\/div>\n<\/td>\n<\/tr>\n
Hudson Valley, NY<\/td>\n1,000<\/td>\n+27.8%<\/td>\n\n
+18.4%<\/div>\n<\/td>\n<\/tr>\n
Jacksonville, FL<\/td>\n1,850<\/td>\n+22.9%<\/td>\n<\/td>\n<\/tr>\n
Las Vegas, NV<\/td>\n2,650<\/td>\n+10.2%<\/td>\n\n
-6.5%<\/div>\n<\/td>\n<\/tr>\n
Long Island, NY<\/td>\n1,900<\/td>\n+8.8%<\/td>\n\n
-6.9%<\/div>\n<\/td>\n<\/tr>\n
Los Angeles, CA<\/td>\n5,350<\/td>\n+17.9%<\/td>\n\n
+1.3%<\/div>\n<\/td>\n<\/tr>\n
Memphis, TN<\/td>\n800<\/td>\n+7.5%<\/td>\n\n
-8.9%<\/div>\n<\/td>\n<\/tr>\n
Miami, FL<\/td>\n2,450<\/td>\n+2.8%<\/td>\n\n
-9.2%<\/div>\n<\/td>\n<\/tr>\n
Minneapolis-St. Paul, MN<\/td>\n3,400<\/td>\n+5.4%<\/td>\n\n
+0.8%<\/div>\n<\/td>\n<\/tr>\n
Nashville, TN<\/td>\n2,300<\/td>\n+12.7%<\/td>\n\n
+20.8%<\/div>\n<\/td>\n<\/tr>\n
Oakland, CA<\/td>\n2,100<\/td>\n+5.3%<\/td>\n\n
+6.2%<\/div>\n<\/td>\n<\/tr>\n
Orange County, CA<\/td>\n2,250<\/td>\n+13.6%<\/td>\n\n
-3.0%<\/div>\n<\/td>\n<\/tr>\n
Orlando, FL<\/td>\n3,400<\/td>\n+23.0%<\/td>\n\n
+17.4%<\/div>\n<\/td>\n<\/tr>\n
Philadelphia, PA<\/td>\n3,350<\/td>\n+19.8%<\/td>\n\n
+6.0%<\/div>\n<\/td>\n<\/tr>\n
Phoenix, AZ<\/td>\n6,250<\/td>\n+30.8%<\/td>\n\n
+11.7%<\/div>\n<\/td>\n<\/tr>\n
Portland, OR<\/td>\n2,700<\/td>\n+9.7%<\/td>\n\n
+15.3%<\/div>\n<\/td>\n<\/tr>\n
Providence, RI<\/td>\n900<\/td>\n+23.7%<\/td>\n\n
+19.2%<\/div>\n<\/td>\n<\/tr>\n
Raleigh-Durham, NC<\/td>\n2,150<\/td>\n+16.2%<\/td>\n\n
+1.4%<\/div>\n<\/td>\n<\/tr>\n
Richmond, VA<\/td>\n1,000<\/td>\n+18.9%<\/td>\n\n
+3.8%<\/div>\n<\/td>\n<\/tr>\n
Riverside-San Bernardino, CA<\/td>\n4,050<\/td>\n+17.8%<\/td>\n\n
+0.5%<\/div>\n<\/td>\n<\/tr>\n
Sacramento, CA<\/td>\n2,300<\/td>\n+19.2%<\/td>\n\n
+2.6%<\/div>\n<\/td>\n<\/tr>\n
San Antonio, TX<\/td>\n1,550<\/td>\n+11.2%<\/td>\n\n
+8.5%<\/div>\n<\/td>\n<\/tr>\n
San Diego, CA<\/td>\n2,600<\/td>\n+18.8%<\/td>\n\n
-2.1%<\/div>\n<\/td>\n<\/tr>\n
San Francisco, CA<\/td>\n750<\/td>\n-38.2%<\/td>\n\n
-25.2%<\/div>\n<\/td>\n<\/tr>\n
San Jose, CA<\/td>\n300<\/td>\n-75.6%<\/td>\n\n
-58.1%<\/div>\n<\/td>\n<\/tr>\n
Seattle, WA<\/td>\n3,200<\/td>\n+8.4%<\/td>\n\n
+5.7%<\/div>\n<\/td>\n<\/tr>\n
Tacoma, WA<\/td>\n900<\/td>\n+11.2%<\/td>\n\n
+7.5%<\/div>\n<\/td>\n<\/tr>\n
Tampa, FL<\/td>\n4,700<\/td>\n+23.5%<\/td>\n\n
+22.8%<\/div>\n<\/td>\n<\/tr>\n
Tucson, AZ<\/td>\n1,000<\/td>\n+14.3%<\/td>\n\n
-2.0%<\/div>\n<\/td>\n<\/tr>\n
Ventura County, CA<\/td>\n650<\/td>\n+14.2%<\/td>\n\n
-0.3%<\/div>\n<\/td>\n<\/tr>\n
Washington, DC<\/td>\n6,000<\/td>\n+23.9%<\/td>\n\n
+2.7%<\/div>\n<\/td>\n<\/tr>\n
West Palm Beach, FL<\/td>\n2,450<\/td>\n+23.3%<\/td>\n\n
+1.6%<\/div>\n<\/td>\n<\/tr>\n
Combined Markets<\/b><\/td>\n125,500<\/b><\/td>\n+14.2%<\/b><\/td>\n\n
+4.9%<\/b><\/div>\n

 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Homes Newly Listed for Sale<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Metro name<\/th>\nHomes newly listed for sale<\/th>\nMonth-over
\nMonth Change<\/th>\n		Year-Over-
\nYear Change<\/th>\n<\/tr>\n<\/thead>\n
Allentown, PA<\/td>\n600<\/td>\n-12.5%<\/td>\n\n
+17.9%<\/div>\n<\/td>\n<\/tr>\n
Atlanta, GA<\/td>\n5,250<\/td>\n-15.9%<\/td>\n\n
+6.0%<\/div>\n<\/td>\n<\/tr>\n
Austin, TX<\/td>\n1,500<\/td>\n-27.8%<\/td>\n\n
+7.5%<\/div>\n<\/td>\n<\/tr>\n
Bakersfield, CA<\/td>\n400<\/td>\n-15.9%<\/td>\n\n
+10.3%<\/div>\n<\/td>\n<\/tr>\n
Baltimore, MD<\/td>\n2,650<\/td>\n-15.7%<\/td>\n\n
+27.2%<\/div>\n<\/td>\n<\/tr>\n
Boston, MA<\/td>\n2,700<\/td>\n-29.4%<\/td>\n\n
+4.6%<\/div>\n<\/td>\n<\/tr>\n
Boulder, CO<\/td>\n200<\/td>\n-26.6%<\/td>\n\n
+3.7%<\/div>\n<\/td>\n<\/tr>\n
Cape Coral-Fort Myers, FL<\/td>\n1,450<\/td>\n-5.2%<\/td>\n<\/td>\n<\/tr>\n
Charlotte, NC<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Chicago, IL<\/td>\n7,450<\/td>\n-22.6%<\/td>\n\n
+2.5%<\/div>\n<\/td>\n<\/tr>\n
Dallas-Fort Worth, TX<\/td>\n5,050<\/td>\n-18.2%<\/td>\n\n
+11.4%<\/div>\n<\/td>\n<\/tr>\n
Denver, CO<\/td>\n2,250<\/td>\n-20.9%<\/td>\n\n
+44.4%<\/div>\n<\/td>\n<\/tr>\n
Detroit, MI<\/td>\n1,950<\/td>\n-16.9%<\/td>\n<\/td>\n<\/tr>\n
Fort Lauderdale, FL<\/td>\n1,100<\/td>\n+4.5%<\/td>\n\n
+28.7%<\/div>\n<\/td>\n<\/tr>\n
Fresno, CA<\/td>\n600<\/td>\n-5.0%<\/td>\n\n
+41.1%<\/div>\n<\/td>\n<\/tr>\n
Hampton Roads, VA<\/td>\n1,650<\/td>\n-18.2%<\/td>\n\n
+5.1%<\/div>\n<\/td>\n<\/tr>\n
Houston, TX<\/td>\n5,500<\/td>\n-14.9%<\/td>\n\n
+11.1%<\/div>\n<\/td>\n<\/tr>\n
Hudson Valley, NY<\/td>\n650<\/td>\n-29.0%<\/td>\n\n
+4.2%<\/div>\n<\/td>\n<\/tr>\n
Jacksonville, FL<\/td>\n1,800<\/td>\n-12.4%<\/td>\n\n
+34.1%<\/div>\n<\/td>\n<\/tr>\n
Las Vegas, NV<\/td>\n2,800<\/td>\n-13.7%<\/td>\n\n
+0.7%<\/div>\n<\/td>\n<\/tr>\n
Long Island, NY<\/td>\n1,800<\/td>\n-22.7%<\/td>\n\n
+19.8%<\/div>\n<\/td>\n<\/tr>\n
Los Angeles, CA<\/td>\n4,800<\/td>\n-18.4%<\/td>\n\n
+7.7%<\/div>\n<\/td>\n<\/tr>\n
Memphis, TN<\/td>\n850<\/td>\n-17.6%<\/td>\n\n
+36.2%<\/div>\n<\/td>\n<\/tr>\n
Miami, FL<\/td>\n1,850<\/td>\n+2.1%<\/td>\n\n
+16.5%<\/div>\n<\/td>\n<\/tr>\n
Minneapolis-St. Paul, MN<\/td>\n2,550<\/td>\n-23.9%<\/td>\n\n
-7.9%<\/div>\n<\/td>\n<\/tr>\n
Nashville, TN<\/td>\n2,150<\/td>\n-15.3%<\/td>\n\n
+9.6%<\/div>\n<\/td>\n<\/tr>\n
Oakland, CA<\/td>\n1,050<\/td>\n-32.7%<\/td>\n\n
-8.5%<\/div>\n<\/td>\n<\/tr>\n
Orange County, CA<\/td>\n2,050<\/td>\n-16.6%<\/td>\n\n
+13.6%<\/div>\n<\/td>\n<\/tr>\n
Orlando, FL<\/td>\n3,350<\/td>\n-8.6%<\/td>\n\n
+7.5%<\/div>\n<\/td>\n<\/tr>\n
Philadelphia, PA<\/td>\n2,900<\/td>\n-20.6%<\/td>\n\n
+6.2%<\/div>\n<\/td>\n<\/tr>\n
Phoenix, AZ<\/td>\n5,500<\/td>\n-23.8%<\/td>\n\n
-7.0%<\/div>\n<\/td>\n<\/tr>\n
Portland, OR<\/td>\n1,900<\/td>\n-20.0%<\/td>\n\n
+7.7%<\/div>\n<\/td>\n<\/tr>\n
Providence, RI<\/td>\n750<\/td>\n-22.0%<\/td>\n\n
+14.8%<\/div>\n<\/td>\n<\/tr>\n
Raleigh-Durham, NC<\/td>\n1,700<\/td>\n-14.9%<\/td>\n\n
+1.6%<\/div>\n<\/td>\n<\/tr>\n
Richmond, VA<\/td>\n950<\/td>\n-18.0%<\/td>\n\n
+2.9%<\/div>\n<\/td>\n<\/tr>\n
Riverside-San Bernardino, CA<\/td>\n5,200<\/td>\n-12.3%<\/td>\n\n
+20.4%<\/div>\n<\/td>\n<\/tr>\n
Sacramento, CA<\/td>\n50<\/td>\n-24.6%<\/td>\n\n
-20.7%<\/div>\n<\/td>\n<\/tr>\n
San Antonio, TX<\/td>\n1,600<\/td>\n-17.1%<\/td>\n\n
+32.1%<\/div>\n<\/td>\n<\/tr>\n
San Diego, CA<\/td>\n2,200<\/td>\n-24.7%<\/td>\n\n
-1.1%<\/div>\n<\/td>\n<\/tr>\n
San Francisco, CA<\/td>\n400<\/td>\n-46.3%<\/td>\n\n
-21.0%<\/div>\n<\/td>\n<\/tr>\n
San Jose, CA<\/td>\n550<\/td>\n-33.7%<\/td>\n\n
-8.4%<\/div>\n<\/td>\n<\/tr>\n
Seattle, WA<\/td>\n1,950<\/td>\n-25.5%<\/td>\n\n
-3.1%<\/div>\n<\/td>\n<\/tr>\n
Tacoma, WA<\/td>\n750<\/td>\n-15.0%<\/td>\n\n
+1.3%<\/div>\n<\/td>\n<\/tr>\n
Tampa, FL<\/td>\n4,650<\/td>\n-5.2%<\/td>\n\n
+8.0%<\/div>\n<\/td>\n<\/tr>\n
Tucson, AZ<\/td>\n1,100<\/td>\n-24.2%<\/td>\n\n
-1.0%<\/div>\n<\/td>\n<\/tr>\n
Ventura County, CA<\/td>\n500<\/td>\n-25.4%<\/td>\n\n
+17.6%<\/div>\n<\/td>\n<\/tr>\n
Washington, DC<\/td>\n4,700<\/td>\n-20.8%<\/td>\n\n
+9.5%<\/div>\n<\/td>\n<\/tr>\n
West Palm Beach, FL<\/td>\n3,150<\/td>\n-5.0%<\/td>\n\n
+4.3%<\/div>\n<\/td>\n<\/tr>\n
Combined Markets<\/b><\/td>\n105,597<\/b><\/td>\n-18.0%<\/b><\/td>\n\n
+9.5%<\/b><\/div>\n

 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

All Homes for Sale<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Metro name<\/th>\nHomes for sale<\/th>\nMonth-over
\nMonth Change<\/th>\n		Year-Over-
\nYear Change<\/th>\n<\/tr>\n<\/thead>\n
Allentown, PA<\/td>\n4,100<\/td>\n-11.5%<\/td>\n\n
-8.4%<\/div>\n<\/td>\n<\/tr>\n
Atlanta, GA<\/td>\n22,250<\/td>\n-7.8%<\/td>\n\n
+1.0%<\/div>\n<\/td>\n<\/tr>\n
Austin, TX<\/td>\n5,100<\/td>\n-14.2%<\/td>\n\n
+7.6%<\/div>\n<\/td>\n<\/tr>\n
Baltimore, MD<\/td>\n12,850<\/td>\n-10.2%<\/td>\n\n
+8.3%<\/div>\n<\/td>\n<\/tr>\n
Boston, MA<\/td>\n18,850<\/td>\n-8.3%<\/td>\n\n
+18.3%<\/div>\n<\/td>\n<\/tr>\n
Boulder, CO<\/td>\n600<\/td>\n-18.0%<\/td>\n\n
-19.2%<\/div>\n<\/td>\n<\/tr>\n
Cape Coral-Fort Myers, FL<\/td>\n5,300<\/td>\n-5.9%<\/td>\n<\/td>\n<\/tr>\n
Charlotte, NC<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Chicago, IL<\/td>\n39,950<\/td>\n-5.7%<\/td>\n\n
+18.8%<\/div>\n<\/td>\n<\/tr>\n
Dallas-Fort Worth, TX<\/td>\n14,150<\/td>\n-10.5%<\/td>\n\n
-15.8%<\/div>\n<\/td>\n<\/tr>\n
Denver, CO<\/td>\n5,150<\/td>\n-11.0%<\/td>\n\n
-23.3%<\/div>\n<\/td>\n<\/tr>\n
Detroit, MI<\/td>\n6,250<\/td>\n-10.7%<\/td>\n<\/td>\n<\/tr>\n
Fort Lauderdale, FL<\/td>\n4,350<\/td>\n+0.1%<\/td>\n\n
+24.4%<\/div>\n<\/td>\n<\/tr>\n
Fresno, CA<\/td>\n1,950<\/td>\n-10.7%<\/td>\n\n
+29.4%<\/div>\n<\/td>\n<\/tr>\n
Hampton Roads, VA<\/td>\n9,400<\/td>\n-6.2%<\/td>\n\n
+6.5%<\/div>\n<\/td>\n<\/tr>\n
Houston, TX<\/td>\n15,050<\/td>\n-7.1%<\/td>\n\n
-7.4%<\/div>\n<\/td>\n<\/tr>\n
Hudson Valley, NY<\/td>\n23,600<\/td>\n-1.6%<\/td>\n\n
-22.6%<\/div>\n<\/td>\n<\/tr>\n
Jacksonville, FL<\/td>\n18,750<\/td>\n-6.9%<\/td>\n\n
+20.0%<\/div>\n<\/td>\n<\/tr>\n
Las Vegas, NV<\/td>\n15,150<\/td>\n-6.2%<\/td>\n\n
-6.7%<\/div>\n<\/td>\n<\/tr>\n
Long Island, NY<\/td>\n14,350<\/td>\n-9.7%<\/td>\n\n
+0.1%<\/div>\n<\/td>\n<\/tr>\n
Los Angeles, CA<\/td>\n13,050<\/td>\n-12.7%<\/td>\n\n
+23.8%<\/div>\n<\/td>\n<\/tr>\n
Memphis, TN<\/td>\n4,600<\/td>\n-0.4%<\/td>\n\n
+78.6%<\/div>\n<\/td>\n<\/tr>\n
Miami, FL<\/td>\n7,650<\/td>\n+0.1%<\/td>\n\n
+9.0%<\/div>\n<\/td>\n<\/tr>\n
Minneapolis-St. Paul, MN<\/td>\n12,400<\/td>\n-18.1%<\/td>\n\n
-2.0%<\/div>\n<\/td>\n<\/tr>\n
Nashville, TN<\/td>\n8,000<\/td>\n-18.3%<\/td>\n\n
-11.0%<\/div>\n<\/td>\n<\/tr>\n
Oakland, CA<\/td>\n1,950<\/td>\n-30.6%<\/td>\n\n
-8.3%<\/div>\n<\/td>\n<\/tr>\n
Orange County, CA<\/td>\n6,200<\/td>\n-8.5%<\/td>\n\n
+43.9%<\/div>\n<\/td>\n<\/tr>\n
Orlando, FL<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Philadelphia, PA<\/td>\n18,900<\/td>\n-13.8%<\/td>\n\n
-0.7%<\/div>\n<\/td>\n<\/tr>\n
Phoenix, AZ<\/td>\n23,650<\/td>\n-2.1%<\/td>\n\n
-1.3%<\/div>\n<\/td>\n<\/tr>\n
Portland, OR<\/td>\n7,300<\/td>\n-13.5%<\/td>\n\n
-15.1%<\/div>\n<\/td>\n<\/tr>\n
Providence, RI<\/td>\n4,950<\/td>\n-9.8%<\/td>\n\n
+5.6%<\/div>\n<\/td>\n<\/tr>\n
Raleigh-Durham, NC<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Richmond, VA<\/td>\n4,350<\/td>\n-9.9%<\/td>\n\n
-1.0%<\/div>\n<\/td>\n<\/tr>\n
Riverside-San Bernardino, CA<\/td>\n17,350<\/td>\n-2.6%<\/td>\n\n
+50.5%<\/div>\n<\/td>\n<\/tr>\n
Sacramento, CA<\/td>\n750<\/td>\n-11.6%<\/td>\n\n
+4.0%<\/div>\n<\/td>\n<\/tr>\n
San Antonio, TX<\/td>\n6,750<\/td>\n-4.0%<\/td>\n\n
+13.4%<\/div>\n<\/td>\n<\/tr>\n
San Diego, CA<\/td>\n6,400<\/td>\n-16.9%<\/td>\n\n
-1.7%<\/div>\n<\/td>\n<\/tr>\n
San Francisco, CA<\/td>\n1,050<\/td>\n-40.0%<\/td>\n\n
-15.0%<\/div>\n<\/td>\n<\/tr>\n
San Jose, CA<\/td>\n1,500<\/td>\n-35.3%<\/td>\n\n
+26.8%<\/div>\n<\/td>\n<\/tr>\n
Seattle, WA<\/td>\n5,900<\/td>\n-19.3%<\/td>\n\n
-19.4%<\/div>\n<\/td>\n<\/tr>\n
Tacoma, WA<\/td>\n3,100<\/td>\n-10.7%<\/td>\n\n
-13.1%<\/div>\n<\/td>\n<\/tr>\n
Tampa, FL<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Tucson, AZ<\/td>\n5,900<\/td>\n+2.9%<\/td>\n\n
+15.5%<\/div>\n<\/td>\n<\/tr>\n
Ventura County, CA<\/td>\n1,500<\/td>\n-17.9%<\/td>\n\n
+5.0%<\/div>\n<\/td>\n<\/tr>\n
Washington, DC<\/td>\n17,200<\/td>\n-15.1%<\/td>\n\n
+10.5%<\/div>\n<\/td>\n<\/tr>\n
West Palm Beach, FL<\/td>\n13,600<\/td>\n+3.3%<\/td>\n\n
+2.9%<\/div>\n<\/td>\n<\/tr>\n
Combined Markets<\/b><\/td>\n427,616<\/b><\/td>\n-8.5%<\/b><\/td>\n\n
+4.8%<\/b><\/div>\n

 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Full data for December 2014 may be downloaded in this spreadsheet<\/a>.
\nOther popular posts:<\/span><\/strong>
\n1.\u00a0A Guide to Running a Business from Your Home<\/a><\/span>
\n2.\u00a0Keeping the House Clean with Pets<\/a><\/span>
\n3.\u00a0Guide to Fire Safety for People with Disabilities<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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, […]<\/p>\n","protected":false},"author":13421,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,22],"tags":[32],"coauthors":[69,163],"class_list":["post-21387","post","type-post","status-publish","format-standard","hentry","category-housing-market-news","category-market-tracker","tag-housing-market-tracker"],"acf":[],"yoast_head":"\nHome Prices Up 7.6 Percent in January as Redfin Reports Record-Setting Homebuyer Demand - Redfin Real Estate News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/market-tracker-december-2014\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Prices Up 7.6 Percent in January as Redfin Reports Record-Setting Homebuyer Demand\" \/>\n<meta property=\"og:description\" content=\"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. 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