January 24, 2012
At Redfin, we pride ourselves on providing as much information about every home as we possibly can, and we do that by pulling data straight from the source that agents use, the local multiple listing service (MLS) as well as from public records. In each market we serve, we have special membership agreements with the local MLSes in order to receive information from their databases so we can display it and make it searchable on our website. Here in Atlanta, we have been getting data on sold homes from the Georgia MLS (GAMLS), but due to changes they have made, we are no longer able to pull sold homes from their database or display them on our website. We’re still displaying information on sold homes that we get from public records, but unfortunately, you won’t be able to view photos of these homes.
There is another local MLS, First Multiple Listing Service (FMLS) that also compiles local sold data. Redfin is not currently licensed to pull sold home data from FMLS, but we hope to continue to work both with both MLSes in order to share more information with you. We hope that you’ll continue to find the information we are able to provide useful. If you would like more information about sold homes, please contact our Atlanta team of agents at Atlanta@redfin.com. If you have feedback or questions about this change, leave a comment here or email us at feedback@redfin.com.
December 29, 2011
It’s time for our monthly check-in of the S&P/Case-Shiller Home Price Indices (HPI). The Case-Shiller data is generally considered to be the most reliable measure of overall home price changes for a region, since they only consider repeat sales of homes when calculating their index, instead of looking at all the homes that sold in a given month.
For the full source data behind this post, hit the S&P/Case-Shiller website. For a more detailed explanation of how the Case-Shiller Home Price Index is calculated, check out their methodology pdf. Also remember that the data released on the last Tuesday of a given month is for the period two months prior (i.e. – October data is released in December).
Here are the basic Case-Shiller stats for the Atlanta area* as of October:
October 2011
Month to Month: Down 5.0%
Year to Year: Down 11.7%
Prices at this level in: August 1998
Peak month: July 2007
Change from Peak: Down 33.2% in 51 months
Low Tier: Under $105,097
Mid Tier: $105,097 to $203,812
Hi Tier: Over $203,812
Nineteen of the twenty metro areas tracked by Case-Shiller saw a decrease in their HPI between September and October (vs. eighteen from August to September): Only Phoenix saw an increase. Wait, Phoenix? Yup, Phoenix. Atlanta fell the most in October (again), falling a whopping 5.0% in a single month.
Here’s a look at the latest local tiered data, back through 2000:
And here’s a closer look at the recent changes, with the vertical and horizontal axes zoomed in to show just the last year:
All three of Atlanta’s tiers fell basically in unison in October. Month to month, the low tier was down 3.2%, the middle tier fell 3.1%, and the high tier decreased 3.1%.
In this next chart, I’ve visualized the month to month trends of all twenty Case-Shiller-tracked cities. Green and above the horizontal axis if they were increasing in the month charted, red and below the axis if they were decreasing. I’ve excluded 2000 through 2004 since they looked largely the same as 2005 (mostly green).
Just four months ago, all twenty cities saw month to month gains. Now just one is not the red.
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December 6, 2011
Over on the national blog, we just posted another big analysis of hundreds of thousands of listings and sales. Here are the numbers for Atlanta, where winter is still overall a winning time to list your home for a quick sale, a better chance of selling, and a better price:
November 30, 2011
It’s time for our monthly check-in of the S&P/Case-Shiller Home Price Indices (HPI). The Case-Shiller data is generally considered to be the most reliable measure of overall home price changes for a region, since they only consider repeat sales of homes when calculating their index, instead of looking at all the homes that sold in a given month.
For the full source data behind this post, hit the S&P/Case-Shiller website. For a more detailed explanation of how the Case-Shiller Home Price Index is calculated, check out their methodology pdf. Also remember that the data released on the last Tuesday of a given month is for the period two months prior (i.e. – September data is released in November).
Here are the basic Case-Shiller stats for the Atlanta area* as of September:
September 2011
Month to Month: Down 5.9%
Year to Year: Down 9.8%
Prices at this level in: May 1999
Peak month: July 2007
Change from Peak: Down 29.7% in 50 months
Low Tier: Under $116,823
Mid Tier: $116,823 to $221,838
Hi Tier: Over $221,838
Seventeen of the twenty metro areas tracked by Case-Shiller saw a decrease in their HPI between August and September (vs. eleven from July to August): Only Washington DC, New York, and Portland rose. Atlanta fell the most in September, falling a whopping 5.9% in a single month.
Here’s a look at the latest local tiered data, back through 2000:
And here’s a closer look at the recent changes, with the vertical and horizontal axes zoomed in to show just the last year:
All three of Atlanta’s tiers fell in September, with the middle tier joining the low tier in the massive beatdown. Month to month, the low tier was down 7.6%, the middle tier fell 7.6%, and the high tier decreased 3.2%.
In this next chart, I’ve visualized the month to month trends of all twenty Case-Shiller-tracked cities. Green and above the horizontal axis if they were increasing in the month charted, red and below the axis if they were decreasing. I’ve excluded 2000 through 2004 since they looked largely the same as 2005 (mostly green).
Just three months ago, all twenty cities saw month to month gains. Now only three have avoided falling into the red.
Read the rest of this entry »
October 25, 2011
It’s time for our monthly check-in of the S&P/Case-Shiller Home Price Indices (HPI). The Case-Shiller data is generally considered to be the most reliable measure of overall home price changes for a region, since they only consider repeat sales of homes when calculating their index, instead of looking at all the homes that sold in a given month.
For the full source data behind this post, hit the S&P/Case-Shiller website. For a more detailed explanation of how the Case-Shiller Home Price Index is calculated, check out their methodology pdf. Also remember that the data released on the last Tuesday of a given month is for the period two months prior (i.e. – August data is released in October).
Here are the basic Case-Shiller stats for the Atlanta area* as of August:
August 2011
Month to Month: Down 2.4%
Year to Year: Down 6.3%
Prices at this level in: March 2000
Peak month: July 2007
Change from Peak: Down 25.2% in 49 months
Low Tier: Under $128,880
Mid Tier: $128,880 to $240,386
Hi Tier: Over $240,386
Ten of the twenty metro areas tracked by Case-Shiller saw a decrease in their HPI between July and August (vs. two from June to July): Phoenix and Las Vegas. Washington DC. saw the biggest increase this month, followed closely behind by Detroit and Chicago.
Here’s a look at the latest local tiered data, back through 2000:
And here’s a closer look at the recent changes, with the vertical and horizontal axes zoomed in to show just the last year:
All three of Atlanta’s tiers fell again in August, with the low tier taking another beating and falling to a new low point. Month to month, the low tier was down 9.3%, the middle tier fell 2.7%, and the high tier decreased 1.5%.
Here’s a new chart for you. In this one, I’ve visualized the month to month trends of all twenty Case-Shiller-tracked cities. Green and above the horizontal axis if they were increasing in the month charted, red and below the axis if they were decreasing. I’ve excluded 2000 through 2004 since they looked largely the same as 2005 (mostly green).
The effects of 2009′s homebuyer tax credit are dramatically visible in this chart, as is the fairly strong spring we had this year, hitting 20 cities increasing for the first time since July 2005. However, the sudden drop-off of month-over-month gains in August’s data is interesting, since during a “normal” year we wouldn’t expect to see this many cities in the red until December or January. I think this indicates that there is still quite a bit of weakness in home prices.
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September 27, 2011
Before we get going with this month’s Case-Shiller post, I’d like to apologize for the lack of an update last month. Long story short, this particular duty slipped through the cracks while I was out on leave. We heard from a number of readers who were lamenting the missing post. Rest assured, we have heard you and it will not happen again!
It’s time for our monthly check-in of the S&P/Case-Shiller Home Price Indices (HPI). The Case-Shiller data is generally considered to be the most reliable measure of overall home price changes for a region, since they only consider repeat sales of homes when calculating their index, instead of looking at all the homes that sold in a given month.
For the full source data behind this post, hit the S&P/Case-Shiller website. For a more detailed explanation of how the Case-Shiller Home Price Index is calculated, check out their methodology pdf. Also remember that the data released on the last Tuesday of a given month is for the period two months prior (i.e. – July data is released in September).
Here are the basic Case-Shiller stats for the Atlanta area* as of July:
July 2011
Month to Month: Up 0.2%
Year to Year: Down 5.0%
Prices at this level in: May 2000
Peak month: July 2007
Change from Peak: Down 23.4% in 48 months
Low Tier: Under $133,367
Mid Tier: $133,367 to $247,532
Hi Tier: Over $247,532
Only two of the twenty metro areas tracked by Case-Shiller saw a decrease in their HPI between June and July (vs. none from May to June): Phoenix and Las Vegas. Weirdly, Detroit saw the biggest increase, followed by Minneapolis.
Here’s a look at the latest local tiered data, back through 2000:
And here’s a closer look at the recent changes, with the vertical and horizontal axes zoomed in to show just the last year:
Atlanta’s low tier fell in July, but the middle and high tiers both rose slightly. Month to month, the low tier was down 1.4%, the middle tier rose 0.1%, and the high tier increased 0.2%.
Read the rest of this entry »
July 29, 2011
It’s time for our monthly check-in of the S&P/Case-Shiller Home Price Indices (HPI). The Case-Shiller data is generally considered to be the most reliable measure of overall home price changes for a region, since they only consider repeat sales of homes when calculating their index, instead of looking at all the homes that sold in a given month.
For the full source data behind this post, hit the S&P/Case-Shiller website. For a more detailed explanation of how the Case-Shiller Home Price Index is calculated, check out their methodology pdf. Also remember that the data released on the last Tuesday of a given month is for the period two months prior (i.e. – May data is released in July).
Here are the basic Case-Shiller stats for the Atlanta area* as of May:
May 2011
Month to Month: Up 1.0%
Year to Year: Down 4.6%
Prices at this level in: April 2000
Peak month: July 2007
Change from Peak: Down 24.6% in 46 months
Low Tier: Under $128,084
Mid Tier: $128,084 to $238,525
Hi Tier: Over $238,525
Only three of the twenty metro areas tracked by Case-Shiller saw a decrease in their HPI between April and May (down from 7 in April and 18 in March). Boston ousted DC for the biggest increase, gaining 2.7% on the month. Only Tampa, Las Vegas, and Detroit continued to fall.
Here’s a look at the latest local tiered data, back through 2000:
And here’s a closer look at the recent changes, with the vertical and horizontal axes zoomed in to show just the last year:
Although the overall aggregate index for Atlanta increased in May, only the high tier actually went up. Month to month, the low tier was down 4.0%, the middle tier fell 0.2%, and the high tier increased 0.8%.
Read the rest of this entry »
July 14, 2011
In case you missed it over on the corporate blog, Redfin has just launched our Android app!
(And there was much rejoicing.)
Android fans have been very, very vocal about wanting their own Redfin app, and thanks to the hard work of a crack team of engineers, the day has arrived.
Go find out more! Go! Go you crazy kids! Be free!
Photo courtesy Stéfan via Flickr.
July 8, 2011
I hope everyone had a great holiday weekend. I spent mine lying on the couch, mewling like a sick kitten, but that’s neither here nor there.
I was a Redfin addict before I was an employee, and sometimes I forget that there’s a lot of stuff on our site that not everybody knows about. Some of these are big things, like the fact that we’re a real live brokerage with real live agents. Others are a bit nittier and grittier, like the sheer number of different ways we try to slice and dice data to share with anyone who wants it.
Example: Our Atlanta neighborhoods and zip codes page (or see other nearby cities). This page doesn’t get an awful lot of traffic, but it should, because it’s just obscenely useful. It basically shows you the median list price, median price per square foot, sale-to-list percentage, and number of homes for sale in the entire local area, broken down both by neighborhood name and by zip code.
You can also sort this information by any of the above columns; if you want to see every neighborhood sorted by sale-to-list percentage, just click on that column header and the data will re-sort.
And if you click on any of the neighborhood names or zip codes, we’ll show you another page with information specific to that area, including:
- New homes for sale
- Upcoming open houses
- Price-reduced homes
- Recently-sold homes
- Most expensive homes
- Least expensive homes
- And most popular (on Redfin) homes
This neighborhood/zip code profile page also gives you trend charts and graphs that you can customize and even import to your own website or blog, links to related forums posts, comparisons with other nearby areas, and profiles of area schools.
If you haven’t seen these pages, you should check them out. And if you’re already using them, you should drop us a line below to let us know what you think of them. Ideas and suggestions are always welcome! (Cruel, cutting remarks are not particularly welcome, but are taken with a stiff upper lip.)
June 28, 2011
It’s time for our monthly check-in of the S&P/Case-Shiller Home Price Indices (HPI). The Case-Shiller data is generally considered to be the most reliable measure of overall home price changes for a region, since they only consider repeat sales of homes when calculating their index, instead of looking at all the homes that sold in a given month.
For the full source data behind this post, hit the S&P/Case-Shiller website. For a more detailed explanation of how the Case-Shiller Home Price Index is calculated, check out their methodology pdf. Also remember that the data released on the last Tuesday of a given month is for the period two months prior (i.e. – April data is released in June).
Here are the basic Case-Shiller stats for the Atlanta area* as of April:
April 2011
Month to Month: Up 1.6%
Year to Year: Down 3.5%
Prices at this level in: March 2000
Peak month: July 2007
Change from Peak: Down 25.3% in 45 months
Low Tier: Under $125,542
Mid Tier: $125,542 to $233,365
Hi Tier: Over $233,365
Only seven of the twenty metro areas tracked by Case-Shiller saw a decrease in their HPI between March and April (down from eighteen the previous month). The biggest increase was in Washington DC again with a solid 3.0% gain. Other markets that saw increases above 1% were San Francisco (+1.7%), Atlanta (+1.6%), Seattle (+1.6%), Denver (+1.5%), and Cleveland (+1.2%).
Here’s a look at the latest local tiered data, back through 2000:
And here’s a closer look at the recent changes, with the vertical and horizontal axes zoomed in to show just the last year:
Atlanta’s low tier made up some of the ground it’s been losing in recent months, while the increases in the middle and high tiers were less impressive. Month to month, the low tier was up 8.6%, the middle tier rose 0.9%, and the high tier increased 1.3%.
Read the rest of this entry »
