{"id":8607,"date":"2012-08-20T06:00:41","date_gmt":"2012-08-20T13:00:41","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=8607"},"modified":"2020-10-06T17:08:42","modified_gmt":"2020-10-07T00:08:42","slug":"home_sellers_sit_tight_leaving_buyers_to_fight_for_scraps","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/home_sellers_sit_tight_leaving_buyers_to_fight_for_scraps\/","title":{"rendered":"Home Sellers Sit Tight, Leaving Buyers to Fight for Scraps"},"content":{"rendered":"

In February 2012, we began a quarterly survey of our customers<\/a> to develop a real-time portrait of how active home buyers feel about the market.
\nToday, we’re launching a companion report, based on a survey of active home sellers on Redfin. For one week beginning last Wednesday (August 10 to August 15, 2012), we surveyed 1,836 people who had used Redfin in the last three months and indicated that they were homeowners. We excluded results from anyone who did not indicate an intention to sell their home. Eight hundred and sixteen people responded across 20 metropolitan markets in the U.S.: Atlanta, Austin, Baltimore, Boston, Chicago, Dallas, Denver, Las Vegas, Los Angeles, New York, Orange County, Philadelphia, Phoenix, Portland, Riverside \/ San Bernardino, Sacramento, San Diego, San Francisco, Seattle, and Washington DC.
\nWith the number of homes for sale down dramatically from just a year ago<\/a>—dropping 50% or more in California—and bidding wars breaking out in some areas for the few desirable homes that have hit the market, everyone is wondering: Why is inventory so low, and when will sellers return to the market?
\nThe results of our inaugural Redfin Real-Time Home-Seller Survey give us insight into why there are so few homes on the market this year, and what might be in store in the year to come:<\/p>\n