Housing Market News
Market Tracker
Home Prices Up 3 Percent in July as Supply Fell 3 Percent—The Largest Decline in a Year
U.S. home-sale prices grew at a steady 3.3 percent rate year over year to a median of $318,100 across the metros Redfin tracks. Home prices have been growing in the healthy 3 percent range since May.
Home Prices up 3.4 Percent in June as Supply Flattens
U.S. home-sale prices rose again in June, growing 3.4 percent from a year ago to a median of $321,200 across the metros Redfin tracks.
Supply of Homes for Sale Down 0.3 Percent in June, First Annual Decline in 10 Months
The number of homes for sale nationally fell 0.3 percent year over year in late June—the first annual decline since inventory started climbing in September.
May Home Prices Up 3.6%, the Largest Year-Over-Year Increase in 7 Months
U.S. home-sale prices edged up again in May, growing 3.6 percent from a year ago to a median of $315,700 across the metros Redfin tracks.
More Homebuyers are Having Success with Contingent Offers, Even as the Market Heats Back Up
Although the housing market is beginning to heat back up this spring, more buyers who need to sell their own home are making offers with sale contingencies than a year ago.
Newly Listed Homes Get 3.4 Times More Online Views Than Those With a Price Drop
Homes get 3.4 times more online views the day they are listed than they do the day the seller drops the price.
June Housing Market Sets All-Time Records for High Speed and Low Supply
U.S. Home sales increased 11.4 percent in June compared to the same time last year, leaving buyers with the lowest supply of homes for sale on record.
Home Sales Hit High Speed as Price Growth Taps Brakes
In May homes sold at their fastest pace in nearly two years, with the typical property on the market only 28 days, down from 32 in April. Last month, 35.6 percent of homes went under contract within two weeks of their debut, just shy of the peak rate of 35.8 percent exactly two years ago. For the last three years there’s been a double-digit spike in homes sold; this year, an inventory shortage has kept a lid on that growth.
Buyer Demand Drives Double-Digit Growth in Home Sales, Devouring Inventory
New listings will need to keep pace with high demand in order to prevent another national shift in favor of sellers.
February Comes in Solid with Stable Price Growth, More Home Sales and New Listings
The housing market showed continued signs of strength last month, pointing toward a healthy spring season. In welcome news for buyers, newly listed homes shot
2015 Could Be the Biggest Year for Housing Since the Bust
Redfin customers requesting home tours, an early indicator of housing market performance, jumped nearly 50 percent from a year ago and the number of newly
Home Prices Up 7.6 Percent in January as Redfin Reports Record-Setting Homebuyer Demand
One consistent trend in housing is that prices fall every January. To get the industry’s earliest indication about January prices, today for the first time
