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Housing Market

Redfin Housing Demand Index Posts Strong Gain from August to September

Still, Housing Demand Remains Double Digits Below Last Year’s Levels Most of Monthly Increase in Homebuyer Activity is Seen in the Touring Stage, with Offer Growth Lagging The Redfin Housing Demand Index increased 5.1 percent from August to 131 in September, after remaining essentially flat around 124 since May. The month-over-month increase in demand was […]

20% of Recent Homebuyers Made an Offer Sight-Unseen, Down from 35% Late Last Year

Redfin Survey Suggests that Buyers Are Under Less Pressure to Make Hasty Bids as Competition Eases One in five recent homebuyers said they made an offer sight-unseen, according to a Redfin-commissioned survey in May of 1,463 people across 14 major markets who had bought a home in the last year. That’s down from 35 percent […]
Percent of Homes that Went Off Market in Two Weeks or Less by Metro Area

Spring’s Fastest Markets are Slowing Down this Fall

Seattle, San Jose and Denver—among the nation’s fastest housing markets—are seeing a dramatic slowdown, with as little as one in three homes going under contract within 14 days, down from two in three earlier this year. As the housing market heated up this spring there were fourteen metro areas around the country (see chart below) […]
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