Inventory Shortage and Rising Prices Intensify Buyer Frustration
For the latest Redfin Real-Time Home-Buyer Tracker, we surveyed more than 1,100 active home-buyers who have recently toured homes with Redfin, in order to get their pulse on the market. With inventory at record lows across the country and home prices on the rise in almost every market, buyer frustration shot through the roof this… Read More
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
2013 Starts Off Strong for Sellers: Home Prices & Sales Both Way Up
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. Home sales got off to a strong start this year, rising 12 percent… 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
Home Offers and Tours Surge in the New Year
The Redfin Real-Time Demand Pulse: a monthly analysis of tour and offer activity from thousands of home buyers across 20 U.S. markets, months in advance of completed sales, and the only report in the industry that analyzes offer and tour data. February 2013 Redfin Real-Time Demand Pulse (January data) While December may have ended with… 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
81% of Home Sellers Believe Home Prices will Continue to Rise; Missing Out on Future Price Gains Surpasses the Economy as Top Concern
Redfin’s Real-Time Seller Survey presents a classic good news / bad news scenario. The good news is that homeowner confidence continues to rise—indicating a potential easing of tight inventory in the coming months. Read More
2013: Calling All Sellers! (Where are you?!?)
A typical real estate market moves like clockwork: listings decline in the fall and through the holidays, but when the calendar turns over to a new year—practically at the stroke of midnight the morning of January 1—the switch is flipped and new listings begin to increase, signaling the beginning of another home selling season. Despite… Read More
Sales Slip, Listings Plummet, but Home Prices Keep Rising as 2012 Concludes; Inventory Growth Key to 2013 Performance
Home prices, sales, and listings all fell between November and December as the housing market weathered the usually-slow holiday season with a smaller dip in prices than the same time a year ago. Listings continued to drop, falling to a level 33 percent below December 2011 and 44 percent below December 2010. Read More
Home Offers and Tours Come in Weak at the Close of 2012
The Redfin Real-Time Demand Pulse: a monthly analysis of tour and offer activity from thousands of homebuyers across 20 U.S. markets, months in advance of completed sales, and the only report in the industry that analyzes offer and tour data. January 2013 Redfin Real-Time Demand Pulse (December data) The Redfin Real-Time Demand Pulse shows mixed… Read More