2013: The Year of the Inventory Impasse
A few weeks ago we raised the alarm on new listings, which were down 30% from a year earlier after the first two weeks of January. Things have gotten slightly better since then, but the number of new listings is still down 18% in the first five weeks of 2013 compared to the same period in 2012. Read More
Top Five Home Selling Tips From Redfin
Let’s follow up the lament over the lack of listings we posted last month with some practical, data-based tips for the homeowners out there who have decided to take advantage of today’s seller-skewed market. Read More
2013: Calling All Sellers! (Where are you?!?)
After the first two weeks of the year, new listings are down nearly a third from 2012′s already weak levels, which leads us to ask: where are all the sellers? Read More
What if we could get our clients’ listings in front of more serious home buyers searching in their neighborhood and give them a better chance of selling for even more money, even faster? That’s just what we set out to do in 2012. Read More
We thought it would be interesting to dig into Redfin’s stash of real estate data to answer the question: Does holding an open house make a home more likely to sell? Read More
On average, Redfin listings sell 15 days faster and for $8,700 more than the competition. Read More
Yes, this is another bottom call. Well… sort of. Read More
A surprising number of U.S. listings – about 1 in 10 — are sold by a real estate agent who also represents the buyer. How, we wondered, does this work out for the seller who originally hired the real estate agent? Read More
The first month of every year for Redfin is like the first five minutes of a blind date: it doesn’t take long to figure out how the whole thing will go. We track every customer activity in a big database so it’s easy for us to see whether demand is strong right out of the… Read More
Recently we decided to dig into the data to see if it supported our feeling that winter is the best time to buy, and the worst time to sell. However, when we got the results we discovered that our assumptions were dead wrong. Read More