Housing Market
All Reports
August 16, 2021
60% of offers written by Redfin agents faced competition in July, down from 67% in June. Competition is still more intense than it was a year ago. July’s slowdown comes amid a broader cooling in the housing market, which is being driven by an increase in supply. A drop-off in migration from major cities including […]
August 13, 2021
Nearly 5% of listings saw price drops, the highest level since 2019.
August 6, 2021
The five-month streak of record-setting home prices has ended; supply is inching up. At $362,750, the median home sale price did not set a new record high for the first time since early March. Instead it was flat (-0.2%) from the four-week period ending July 25 and up 18% from a year earlier. Trends for […]
July 30, 2021
Luxury-home prices soared 26% year over year in the second quarter, while prices of the most affordable homes grew 19%. Both segments outpaced the rest of the market. The median sale price of U.S. luxury homes jumped 25.8% year over year in the second quarter, while the median sale price of the country’s most affordable […]
July 30, 2021
Home-selling speed and competition have passed their record-high peaks, meaning the market is starting to feel slightly more welcoming to buyers. But most homes still sell within two weeks and for more than list price. Most signs point to a cooling housing market. Pending home sales posted their smallest year-over-year increase (7%) since late June […]
