Redfin By The Numbers, May Edition: Hannah Driscoll Is The #3 Agent In Eastern & Central Massachusetts

According to the MLSPIN, the database for real estate transactions and listings for Massachusetts, Redfin agent Hannah Driscoll ranks third in Eastern & Central Massachusetts in May among agents who represented home-buyers of condominiums, single- and multi-family properties based first on number of deals, then by total dollar amount. In May, Hannah closed 6 deals totalling $3,377,900.

Even with taking a couple of weeks off, Sean Valiton closed 3 deals worth $1,328,000 and ranks 40th. Adam Welling started working for us in late April and he’s worked on 40 signed offers. None of have closed yet, but with it taking over 50 days for transactions in Massachusetts to close, we don’t expect to see any until June.

Redfin clients work with some of the most active and successful agents in Massachusetts. Redfin agents are experts in the current real estate market and they know what it takes to help our clients buy the homes they want.

Our Clients Love Our Fanatical Service

We survey every client and track every transaction in a central customer database. For the surveys we received in May from our Boston clients:

  • 18 clients responded to our customer-satisfaction survey and posted a review online, down from 24 in April.
  • All 18 of those clients, or 100%, would recommend Redfin to a friend, the same rate from April.

In these surveys, Redfin asks customers to rate the likelihood that they would recommend Redfin to a friend on a 0-to-10 scale. Customers who rated 6 or higher count as people who would recommend Redfin to a friend.

More People Are Making Offers On Homes

In May, our Boston clients were busy touring homes and making offers:

  • Redfin clients in Boston toured 508 homes in April, up from 396 homes toured in April.
  • Our clients made 74 signed offers on homes, up from 59 in April.
  • Our Boston agents were busy working on these signed offers:
  • o Adam Welling: 33 offers
    o Hannah Driscoll: 25 offers
    o Sean Valiton: 16 offers

  • 1 of those offers, or 1.4%, was on a bank-owned foreclosure, down from 7% in April.

We also had a great home-buying class in May. Twenty-six people came to our Somerville office to learn about the home-buying process and meet our agents. Check out the slide deck from the class.

It’s Taking 52 Days To Close On A Home

In May, it took 3 days longer for our Boston clients to close on their homes in May than it did in April:

  • For our clients who bought re-sales, the average time from initial agreement on terms to the close of the deal was 52 days, up from 49 days in April.
  • 0 of our clients failed to get financing, down from 2 in April.
  • 6 of our clients’ deals failed the home inspection, up from 2 in April.
  • Of our closed deals, the average discount off list price for homes sold was 4.08%, up from 3.30% in April.

Look For Our June Report

We’ll be back next month with our analysis of the June numbers. Let us know what you’d like to see in that report.

  • Tachikoma

    “0 of our clients failed to get financing, down from 2 in April.” — that’s impressive number.

    Did your clients use mortgage broker recommended by Redfin? If so, can you please post his contact info?

  • Chris Glew

    Tachikoma-
    Sorry for the delay in getting back to you.

    Of the nine deals we closed in May, only two of our clients used one of our recommended lenders.

    Chris