{"id":7939,"date":"2012-06-12T17:11:21","date_gmt":"2012-06-13T00:11:21","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=7939"},"modified":"2025-07-01T05:52:20","modified_gmt":"2025-07-01T12:52:20","slug":"may_real_estate_prices_increase_22_as_inventory_continues_to_fall","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/may_real_estate_prices_increase_22_as_inventory_continues_to_fall\/","title":{"rendered":"May Real Estate Prices Increase 2.2% as Inventory Continues to Fall"},"content":{"rendered":"

Who needs another home-price index? For years at Redfin, we focused on serving customers, not calling the market. As a local broker, we couldn’t really say what was happening nationwide.
\nBut now that Redfin covers about as many markets as the Standard & Poor’s Case-Shiller index,\u00a0we are publishing our own monthly report on prices, sales volume and inventory: the Redfin Real-Time Price Tracker. Our goal is to offer\u00a0the deep data access and market insights of a local broker, but on a national scale.
\nAs brokers we know which way the market is headed before anyone else does.\u00a0We have direct access to the local Multiple Listing Services real estate agents use to list properties and record sales. And of course as real estate agents\u00a0we have first-hand experience with home-buyers and sellers, capturing far-flung customer activity in a central database.
\nThis means that, ahead of any U.S. government agency, media company or analyst firm, the inaugural Redfin Price Tracker already has May 2012 numbers, on prices, inventory levels and sales volume. And the Tracker can be more accurate too, just because Redfin double-checks each sale against county records when available, comparing numbers from the MLS and then reconciling the two.
\nLong-term, the Price Tracker is only one part of our effort to give customers a complete view of the market. Last week, we published\u00a0a\u00a0quarterly survey of more than 1,000 active home-buyers working \u00a0with our agents, \u00a0the Redfin Real-Time Home-Buyer Tracker<\/a>. Later this summer, we’ll probably start publishing a weekly measure of the number of Redfin customers beginning a new home search or requesting \u00a0a listing consultation, so you can see what a wild roller-coaster ride this whole business really is.
\nFor the full report including data tables, charts, and a downloadable spreadsheet with historic data, visit the Real-Time Price Tracker<\/a> in Redfin’s Research Center.<\/p>\n","protected":false},"excerpt":{"rendered":"

Now that Redfin covers about as many markets as the Standard & Poor’s Case-Shiller index,\u00a0we are publishing our own monthly report on prices, sales volume and inventory: the Redfin Real-Time Price Tracker. Our goal is to offer\u00a0the deep data access and market insights of a local broker, but on a national scale.<\/p>\n","protected":false},"author":13210,"featured_media":2936,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","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":"","adv-header-id-meta":"","stick-header-meta":"","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":[57],"tags":[32],"dashboard":[],"coauthors":[],"class_list":["post-7939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-news","tag-housing-market-tracker"],"acf":[],"yoast_head":"\nMay Real Estate Prices Increase 2.2% as Inventory Continues to Fall - 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\/may_real_estate_prices_increase_22_as_inventory_continues_to_fall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"May Real Estate Prices Increase 2.2% as Inventory Continues to Fall\" \/>\n<meta property=\"og:description\" content=\"Now that Redfin covers about as many markets as the Standard & Poor's Case-Shiller index,\u00a0we are publishing our own monthly report on prices, sales volume and inventory: the Redfin Real-Time Price Tracker. 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