Housing Market
All Reports
October 20, 2020
Competition in the housing market remains fierce, but has cooled slightly amid a seasonal slowdown and surging home prices. Nationwide, 56.3% of Redfin offers on homes faced competition in September, down from a revised rate of 59.1% in August. While that’s the first decline in at least five months, a majority of offers still encountered […]
October 19, 2020
Median home price climbs to $320,644 as demand outpaces supply, with pending sales up 31% and new listings growing 8%. Key housing market takeaways for 434 U.S. metro areas during the four-week period ending October 11: The median home sale price increased 14.9% year over year to $320,644—the highest value on record in Redfin’s data. […]
October 19, 2020
Home prices skyrocketed more than 14% year over year in September, the biggest increase on record. The real estate market also experienced historically high sales growth and the fastest pace Redfin has ever recorded. The national median home price rose 14.4% year over year to $333,900 in September, the biggest annual increase of any month […]
October 16, 2020
In the past eight years, the price difference between low-risk and high-risk areas has flipped—from a 2.5% premium in high-risk areas in 2012 to a 3.9% discount in 2020—partly due to more intense competition in areas with low wildfire risk. The median sale price of homes in zip codes with a low wildfire risk has […]
October 15, 2020
The analysis, which excludes New York City, also found that 57% of condos in Trump-branded buildings mention “Trump” in the online listing description, down from 78% four years ago. The typical “Trump” branded condo that sold in the U.S. this year was purchased for a median of $720,000—9.7% more than the typical comparable luxury condo. […]
