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… 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. Here are the top five most important things you can do to maximize your sale price, minimize your time on market,… Read More
Redfin Listing Agents Sell Homes More Effectively, Faster, and for More Money
Today’s market is anything but slow for sellers, but according to our research, choosing the right agent still makes a big difference. Homes listed with a Redfin Agent sell faster, for more money, and are more likely to sell. Read More
Recently we studied home sales data from 2010 and 2011 and found that thanks to the hard work of our amazing listing agents, Redfin listings sell faster and for more money than the competition. That’s a great starting point, but what if we could do more? What if we could get our clients’ listings in… Read More
As a part of an enhanced fervor here at Redfin for giving sellers better service for less money than traditional agents, I was tasked with a research project to determine how well our listing agents have performed for sellers in recent years. The result: On average, Redfin listings sell 15 days faster and for $8,700… Read More
Sometimes we start a market analysis project looking for one thing and end up discovering something else entirely. 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… Read More
With home sales in the gutter, anyone thinking of selling a home today can use all the help they can get, starting with what day of the week to debut. Serious sellers know that it is important to make repairs, stage well, and showcase their home online with professional photos, but there isn’t a consensus… Read More
While some housing pundits are talking about demand being “overwhelmed by supply” and others are throwing out estimates of an “excess supply” of over 3 million homes, buyers that we are serving across the country keep telling us the same thing over and over this spring: “Selection stinks!” Worse yet, when they do finally find… Read More