The share of home sellers cutting their asking prices has fallen from its peak as buyers lose a bit of negotiating power, but price drops are still much more common than in years past. Redfin Early Access, which allows sellers to test the market via “coming soon” listings, can help homeowners price accurately from the […]
Prices Drops Are Becoming Slightly Less Common As Housing Market Stabilizes 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 »
Luxury home sales are surging in San Francisco, the epicenter of the AI boom, pushing the median sale price to the highest March level on record. Tight supply is another factor pushing up San Francisco’s luxury prices; active listings are down roughly 15% year over year. San Francisco’s luxury housing market is greatly outperforming the
San Francisco’s Luxury Home Sales Jump 22% As Median Price Nears $7M 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 »
Pending home sales are declining and touring activity is slumping. U.S. pending home sales fell 4.1% from a year earlier during the four weeks ending April 12, the biggest decline in over a year. Sales fell in all but seven of the 50 biggest U.S. metro areas, with the biggest declines in Providence, RI (-17.5%),
This Spring’s Housing Market Is Unseasonably Slow As Iran War, High Costs Curb Demand Read More »
