Here Comes the Inventory
Inventory—in particular the lack of it—has been a front-page topic this year. We’re back on the topic of inventory today, but with glad tidings: Inventory is finally beginning to recover! Active listings grew 6.4% between March and April and another 4.2% on top of that between April and May. Last year inventory peaked in January… Read More
Home Prices Shot Up in May As Sales Hit 4-Year High
May’s housing market has good news for everyone. Good news for buyers: For-sale home inventory increased in May for the second straight month. Good news for sellers: prices shot up and home sales hit a four-year high. There are some early signs that the market may be cooling slightly, but for now things are still… Read More
Tours and Offers Retreat Slightly in May
June 2013 Redfin Real-Time Demand Pulse (May data) The number of Redfin customers touring homes and making offers both dipped a bit more in May this year than over the same period last year, pointing toward a slight softening of sales volumes in June and July. This despite the fact that inventory improved in April,… Read More
Homebuyers Undeterred by Seller’s Market; Willing to Pay More
For the latest Redfin Real-Time Home-Buyer report, we surveyed 1,353 active homebuyers who have recently toured homes with Redfin, in order to get their pulse on the market. While homebuyers’ frustration with low inventory continues to increase, there is also increased understanding of the seller’s market and a willingness to pay more. Expectations that prices… Read More
Inventory Crunch Begins to Ease with Largest Monthly Listings Increase Since 2010; Home Prices Up 16% Over Last Year
The housing market across the nation was hot again in April. Yes, home prices are up. But the big story in this month’s report is that inventory posted its largest month-over-month increase in over three years. With more homes finally available to buy,This home sales posted their strongest March to April gain since 2009. The… Read More
Luxury Home Sales Hit 6-Year High
As the housing market and the economy both continue to recover, the luxury housing market is making big gains as well, with sales of homes $1 million and up gaining 34% between the first quarter of 2012 and the first quarter of 2013, compared to an increase of just 5% for the market as a… Read More
Inventory Shortage Crimps Growth in Tours; Offers Unfazed
May 2013 Redfin Real-Time Demand Pulse (April data) The number of Redfin customers touring homes and making offers both continued to post stronger monthly gains in April this year compared to last year, pointing toward additional gains in May and June sales. With so few homes available to buy, touring strength was softened somewhat. Monthly… Read More
LA, Ventura, San Diego Top List of Best Cities for Moms
As Mother’s Day approaches, we thought it would be fun to take a look at the real estate market through the lens of motherhood to help you learn where you can find the best cities for moms. What kinds of things might mom look for in a home? For this analysis, we decided to focus… Read More
Home-Seller Confidence Doubles in the Second Quarter
Responses to Redfin’s Real-Time Seller Survey indicated a dramatic shift in the confidence of home sellers in the second quarter—45 percent of sellers believe now is a good time to sell, up from just 22 percent in the first quarter and 15 percent in the fourth quarter. Meanwhile, 44 percent of sellers believe now is… Read More
Home Prices Surged 15% in March; Sales Barely Above 2012
The Redfin Real-Time Price Tracker is a monthly report on home prices, sales and inventory across 19 U.S. markets, published weeks before any other index, based on the local databases used directly by real estate agents to list properties and record sales. The typical spring surge of home sales combined with another dip in listings,… Read More