Housing Market
All Reports
March 25, 2021
Battles between buyers are more intense than ever, with some houses receiving dozens of offers and selling at lightning speed for tens of thousands of dollars over their listing prices. High-end single-family homes are the most likely to encounter competition. Nationwide, 60.9% of home offers written by Redfin agents faced bidding wars in February, up […]
March 24, 2021
A red-hot real estate market has forced house hunters to step up their game. Buyers are making bigger down payments, offering above asking prices, waiving more contingencies and going on additional home tours in order to compete during the pandemic. Remote work and low mortgage rates have prompted scores of Americans to buy homes during […]
March 24, 2021
The average home in the Austin metro sold for 7.1% above its asking price during the four weeks ending March 14, the biggest premium of the 47 metros included in this analysis. That’s up 8 percentage points from a year ago, when the average Austin home sold for 0.9% below its asking price. It represents […]
March 22, 2021
All-cash offers are most likely to improve a buyers’ odds of winning a bidding war, followed by waiving the financing contingency, according to Redfin data. Prospective homebuyers who offer all cash nearly quadruple their chances of winning a bidding war, making it the most effective strategy tracked by Redfin to win a home in a […]
March 19, 2021
The housing market continued to power through the end of winter as home prices rose 17% from last year.
