A dip in new listings contributed to the ongoing supply shortage as home prices hit another all-time high. The median home sale price rose 14.6% year over year to a new all-time high of $361,171 during the four-week period ending December 26 as the number of homes for sale fell to a record low. New […]
Roughly one in 10 respondents are cancelling their plans to buy or sell a home because of inflation. 29% are delaying homebuying plans due to inflation, while 24% are accelerating their plans. Seventy-three percent of homebuyers and sellers say inflation is influencing their future buying or selling plans, according to a recent Redfin survey. Twenty-nine […]
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 […]