Housing Market
All Reports
February 17, 2021
The two cities have relatively large proportions of households located in neighborhoods with about equal numbers of high-end and affordable homes—a dynamic that can promote distribution of wealth and economic mobility, but can also be a sign of gentrification. Los Angeles is on the opposite end of the spectrum, with over three-quarters of homes in […]
February 12, 2021
Median prices rose 15%, pending home sales were up 29%, and new listings fell 11% from the same period a year earlier. Key housing market takeaways for 400+ U.S. metro areas during the 4-week period ending February 7: The median home sale price increased 15% year over year to $318,750. Asking prices of newly listed […]
February 12, 2021
Pricey homes are most likely to see bidding wars, with more than 65% of homes priced between $800,000 and $1 million facing competition in January, the highest share of any price bucket. Still, the bidding-war rate is above 40% for all price ranges. Nationwide, 55.9% of Redfin offers for homes faced bidding wars in January, […]
February 10, 2021
Homebuyer interest in million-dollar-plus homes reached a record high in January, reflecting the K-shaped economic recovery that’s unequally benefiting affluent Americans. Nationwide, 10.8% of saved searches on Redfin.com filtered exclusively for homes priced over $1 million in January. That’s up from 8.5% a year earlier and the highest share since Redfin started tracking this data […]
February 9, 2021
Pandemic-driven demand for vacation homes is continuing into 2021 as mortgage applications for second homes see their eighth consecutive month of 80%-plus growth. Demand for second homes is increasing twice as fast as it is for primary residences. Mortgage applications for second homes soared 84% year over year in January. While that’s down from a […]
