On Sunday, Jamie Smith Hopkins welcomed The Baltimore Sun’s readers to the “post-bubble, post-bust housing market.” What does she mean by that? It’s an awkward situation where buyers like our client David Igla enter what they assume to be a buyer’s market—a logical assumption given that we are just getting out of an economic recession… Read More
It’s time (a bit past time, actually) for our monthly check-in of the S&P/Case-Shiller Home Price Indices (HPI). The Case-Shiller data is generally considered to be the most reliable measure of overall home price changes for a region, since they only consider repeat sales of homes when calculating their index, instead of looking at all… Read More
If there was ever any doubt in your mind that we’re in a seller’s market, the latest Fairfax County stats should put it to rest. As we finished off the month of March, the Fairfax County market was down to just about a two months’ supply of homes for sale. Brace yourselves as we break… Read More
Last month, we rolled out a major service upgrade for home buyers in every market Redfin serves except Washington DC and Seattle, where we needed to hire more agents. Now we’ve done that in DC, so the wait is over. We thought you might have some questions. What’s changed? The big change is that now… Read More
There’s no longer a newsflash regarding the massive inventory shortage in the District of Columbia. “I feel like a broken record,” Tom Lewis, Redfin DC Agent explained, “but it’s the same story yet again!” In DC, inventory fell again over the last month. As we move into spring, we should see the inventory line head… Read More
It’s time (a bit past time, actually) for our monthly check-in of the S&P/Case-Shiller Home Price Indices (HPI). The Case-Shiller data is generally considered to be the most reliable measure of overall home price changes for a region, since they only consider repeat sales of homes when calculating their index, instead of looking at all… Read More
Big news! Today, Redfin is launching a major expansion to our charter as a technology-powered real estate broker: Redfin Open Book, a local reviews site for lenders, inspectors and title companies. Later this spring, we’ll add the stagers, landscapers and handymen used by sellers to get their home on the market. Our goal is to ensure… Read More
Last month, the number of DC condos sold plummeted by 32.4% from December. The dip in sales is explained by the fact that many home buyers put their home search on hold for the holidays, but the number of condos for sale also dropped 4% last month. Tom Lewis, an agent on Redfin’s DC team,… Read More
Something strange is happening in Fairfax County. Check out the median list price of a single family home (SFH) in Fairfax County back in May ($649,500), the height of the real estate season. Now take a look at where prices were last month (also $649,500). Prices took a short dip this fall but have avoided… Read More
It’s time for our monthly check-in of the S&P/Case-Shiller Home Price Indices (HPI). The Case-Shiller data is generally considered to be the most reliable measure of overall home price changes for a region, since they only consider repeat sales of homes when calculating their index, instead of looking at all the homes that sold in… Read More