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
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
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
Redfin Real-Time Home Price Tracker: Prices Rose in November for the Eighth Consecutive Month; Inventory Sees Largest Drop in 2012
Despite a continued seasonal slowdown in home sales, national home prices increased again between October and November, rising 2.2 percent in the month to a level 10.1 percent higher than November 2011. Read More
Economic Concerns Melt Away For Home-Buyers, Rising Prices Seen As More Certain
For the latest Redfin Real-Time Home-Buyer Tracker, we surveyed more than 1,000 active home-buyers who have recently toured homes with Redfin. The strongest messages they shared with us were a continued frustration with low inventory and a growing certainty that home prices in their areas are now on the rise. Read More
Offers and Tours Continue to Slow as Year Winds to a Close
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. December 2012 Redfin Real-Time Demand Pulse (November data) As you may have noticed, we’ve been… Read More