The housing market in the LA area is looking like a Soviet grocery store to a lot of buyers right now: Empty shelves and a lot of hands grabbing for what’s there. And while it’s true that the inventory is down sharply, there are still gems that are being listed. The only problem is that… Read More
“The sellers are calling the shots this spring!” was so accurately tweeted a couple days ago by Paul Reid, our South Orange County team lead and OC marketing ambassador. This could likely be the case for all Redfin markets across the nation, but is being felt deeply here in Orange County with 75% of our… Read More
The number of homes for sale was down 5.7% across Seattle in March, so we wondered which neighborhood still had the most yard signs. Come claim your prize, West Seattle! While West Seattle’s inventory took a big hit (down 10.6% from February and 47.7% from last March) along with the rest, its 278 homes for… Read More
The story of the day is still low supply driving big competition. Our agents are still seeing multiple offers, but the pace is going from fast to super-sonic, with more offers coming in on homes than even a month ago, and on different types of sales. It’s never been uncommon to see banks price their… Read More
If you think this weather is crazy, what about what’s happening in real estate? We’re not sure whether to call it “home warming” or “real estate change,” but it’s something to believe in. Median sale prices for single family homes in Nassau County increased for the second month in a row in January, but looking… Read More
By Anna Nevares, Redfin San Diego Area Manager With the number of homes on the market continuing a steady, month-over-month downward trend, it’s no surprise that buyers are willing to resort to tactics they would have scoffed at just a few months ago. One tactic is accepting a back-up position and hoping the first deal… Read More
Got $3 million and a dream? The luxury housing market in King County was a good place to be in 2011! The average price per square foot, average sale price and number of homes on the market all point to the continuation of a huge buyer’s market in these higher price brackets. While there’s no… Read More
Let’s take an updated look at the big picture of supply (residential listings on the market at month-end) and demand (closed home sales). We’re still working on dialing in our statistics gathering methods, so the charts below have changed somewhat from what you saw last month. Here’s a brief market summary for single-family sales, based… Read More
Let’s take a look at the big picture of supply (residential listings on the market at month-end) and demand (closed home sales). Having an idea of what is going on with supply and demand can be an excellent way to measure the general “strength” or “hotness” of a real estate market, and often will provide… Read More
Let’s take a look at the big picture of supply (residential listings on the market at month-end) and demand (closed home sales). Having an idea of what is going on with supply and demand can be an excellent way to measure the general “strength” or “hotness” of a real estate market, and often will provide… Read More