
Housing Market Cooled in October, But Relief For Homebuyers Was Short-Lived
Pending sales rose 3% from September as early indicators of demand are strengthening.
Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website <a href="https://seattlebubble.com/" title="Seattle Bubble"><em>Seattle Bubble</em></a>, and produces the <a href="https://dispatches.fm/" title="Dispatches from the Multiverse">"Dispatches from the Multiverse" improvised comedy sci-fi podcast</a>.

Pending sales rose 3% from September as early indicators of demand are strengthening.

The seasonally-adjusted Redfin Homebuyer Demand Index hit a new high amid relative strength in the number of homes being listed.

Pending sales were 51% above 2019 levels, the largest 2-year increase since February.

Home prices ticked up unseasonably and fast sales became more common in October.

Crime and safety was the most commonly cited factor for homeowners deciding where to move. For renters it was cost of living, with climate change at the bottom of the ranking.

One-third of homes sold were under contract in a week.

Pending sales rose 3% from September as early indicators of demand are strengthening.

The seasonally-adjusted Redfin Homebuyer Demand Index hit a new high amid relative strength in the number of homes being listed.

Pending sales were 51% above 2019 levels, the largest 2-year increase since February.

Home prices ticked up unseasonably and fast sales became more common in October.

Crime and safety was the most commonly cited factor for homeowners deciding where to move. For renters it was cost of living, with climate change at the bottom of the ranking.

One-third of homes sold were under contract in a week.