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
Real Estate Market Speeds Up According to Redfin Fastest Real Estate Markets Report
Ask a friend who’s trying to buy a home what the the real estate market is like, and she will surely describe it as “fast” or a synonym thereof. And your friend is right! To address this new reality, Redfin has developed a new monthly report focused solely on the speed of home sales. 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
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
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
Offers Climb Throughout March as Homebuyers Attempt to Beat Spring Rush
April 2013 Redfin Real-Time Demand Pulse (March data) Although finding new listings continues to be a problem for buyers in nearly every market, this ongoing struggle only seems to be strengthening the resolve of today’s buyers. The number of Redfin customers touring homes and making offers both turned in stronger monthly gains in March this… Read More
Agent Optimism Leaps as Market Heats Up
Redfin Agents See Spring 2013 as a Seller’s Market; 97% Believe Home Prices will Continue to Rise For the latest Redfin Real-Time Agent Survey, we surveyed 650 agents around the country, including both Redfin-employed agents and Redfin partner agents. This quarter’s survey showed a dramatic shift in agent outlook from being a buyer’s market to… Read More
February Home Prices Up 13%, Sales Up 2% in Redfin Real-Time Home Price Tracker
Inventory continued to plummet, with the number of homes for sale down 31.8 percent year over year, helping home prices rise 13.2 percent in February. Despite surging homebuyer demand in the new year, the lack of supply has clearly put downward pressure on sales… Read More