35 of the 50 most populous U.S. metros were buyer’s markets in May, led by places in the Sun Belt. There are nearly half a million more home sellers than buyers in the U.S. housing market–46.9% more–signaling that buyers hold the power. The number of sellers entering the market is at a 6-year high. Meanwhile, […]
There were an estimated 47% more sellers than buyers in April, down from 48% the month before and a peak of 49% at the end of last year. The gap is shrinking as buyers start to come off of the sidelines amid a stabilizing job market. For months, the balance of power in the U.S.
America’s Housing Market Favors Buyers—But Their Advantage Is Finally Starting to Shrink Read More »
Monthly housing market data is now available sooner New metrics—including home purchase cancellations, price drops, financing trends, and luxury and starter home data—are now available for direct download Seasonally adjusted data is now the default, helping remove noise and reveal underlying trends We’ve launched a new and improved Redfin Data Center to give you faster
Introducing the New & Improved Redfin Data Center Read More »
Home prices during the AI boom have surged far faster in the Bay Area’s luxury zip codes than its non luxury zip codes—a split not seen before the launch of GPT-3.5 or in other major U.S. metros. Luxury zip codes in the San Francisco Bay Area saw a 13.4% average jump in home prices in
Bay Area Luxury Home Prices Have Jumped 13% Since Launch of ChatGPT Read More »
Salt Lake City is the U.S. metro where Gen Z adults own the highest share (3.6%) of homes with three or more bedrooms. Virginia Beach, VA (3%), Oklahoma City, OK (2.9%), Louisville, KY (2.7%) and Indianapolis (2.6%) round out the top five. Nationally, Gen Z adults own just 2.2% of three-plus-bedroom home stock. In comparison,
Room to Grow: Here’s Where Gen Zers Own the Largest Share of 3+ Bedroom Homes Read More »
Nationally, sellers outnumber buyers by 43%—just shy of the largest gap in records dating back to 2013. When sellers outnumber buyers, the buyers who are in the market have bargaining power. 38 of the most populous metro areas were buyer’s markets in March, up from 29 a year earlier. Just five were seller’s markets, down
Homebuyers Hold the Negotiating Power In 38 Major Metros, Up From 29 Last Year Read More »
