Housing Market

5059 Powers Ferry Rd NW
Bidding Wars

Homebuyer Competition Drops to Lowest Level in Nearly a Year in November

59.5% of Redfin home offers faced bidding wars in November, the first time the competition rate was below 60% since December 2020. In November, 59.5% of home offers written by Redfin agents faced competition, the lowest level in 11 months. That’s down from a revised rate of 61.8% in October and a pandemic peak of […]
613 Narcissus Ave
Luxury Market

Vacation-Home Demand Rose 83% Above Pre-Pandemic Levels in November

Interest in second homes remains strong as buyers race to lock in low mortgage rates and employers introduce permanent rules for remote work. In November, demand for second homes was up 83% from pre-pandemic levels, an uptick from October’s 72% increase but still slightly below January’s record 91% gain.  That’s according to a Redfin analysis […]
home

The Ultimate Seller’s Market: 10 Housing Records Set in 2021

Ten charts that illustrate a record year for the U.S. housing market, including the highest home prices and lowest supply of all time.  2021’s housing market has been, in a word, remarkable. The coronavirus pandemic and the resulting surge in remote work have changed where, when, why and how people buy homes. This past year, […]
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