Housing Market
All Reports
February 13, 2025
Housing supply rose to the highest level since 2020 in January, but housing demand fell to the lowest level since 2020 as mortgage rates hit an eight-month high. Sellers are making moves because they’re tired of waiting for mortgage rates to fall, but buyers are skittish amid economic uncertainty and rising home prices, which are […]
February 13, 2025
New listings are up 7.4% from a year earlier, while pending sales are down 6%. Sales are slow mostly because of high home prices and mortgage rates. In Washington, D.C. and other places with a high concentration of government workers, Redfin agents report some buyers and sellers are changing plans due to uncertainty about their […]
February 12, 2025
Homebuyers, take note: Many listings are selling for under asking price, and most are lingering on the market. Florida homebuyers are seeing the biggest discount. Today’s average home listing is selling for under its asking price, and taking a long time to sell. While that’s not ideal for sellers, it’s good news for homebuyers who […]
February 11, 2025
Most of Redfin.com’s most-viewed listings have two things in common: They’re located in tech hubs, and they’re expensive. Seven of Redfin.com’s 10 most-viewed home listings in January were in the Bay Area, specifically the East Bay and neighborhoods near San Jose, and two were in Seattle’s eastside suburbs. One was in the Los Angeles neighborhood […]
February 6, 2025
Most homeowners still have a mortgage rate far below today’s levels, which is prompting many to stay put. But this lock-in effect is starting to ease because Americans are growing accustomed to elevated rates, and for many, it’s not realistic to stay put forever. That’s boosting listings and easing the housing shortage. Nationwide, 17.2% of […]
