Housing Market News
Market Tracker
Home Sales Fell 11 Percent in July, but There’s Good Reason Not to Panic
Hint: It had something to do with the number of Fridays in the month.
June Housing Market Was the Fastest and Most Competitive on Record
Most homes in Denver sold in less than a week; 68% of San Jose homes sold above list price.
Housing Demand Fell 5 Percent in May
Early stage housing demand remained strong in May, with the number of Redfin customers requesting tours up 17.7 percent year over year.
The Housing Market Accelerated to its Fastest Pace on Record in May
Sales increased 7 percent, driven by growth in affordable metros
Housing Demand Fell 5 Percent in April Following a Year of Dwindling Home Supply
The Redfin Housing Demand Index fell 4.9 percent to 118 in April, the fifth consecutive month of year-over-year declines.
New Listings Fell Nationwide in April as Home Sales Declined in the West
Inventory dropped 3.2% extending a seven-month decline.
Prices Hold Strong as Home Sales Drop in November
With gas prices low and consumer confidence at the highest reported level in seven years, there was a lot to be cheery about heading into the holiday home-buying season. However, positive consumer sentiment did not translate into more real estate transactions last month as the number of homes sold plunged 21 percent in November versus October and was down 5 percent from this time last year.
Home Sales Up 2.2% in October, So Why Now?
The number of homes sold was up 2.2 percent year over year in October, making it the first month of 2014 during which home sales
Newly Listed Homes Fall an Unexpected 9.3% in August
A surprising drop in newly listed homes combined with strong homebuyer demand could suggest that home prices will spike upward this fall as they did much of last year. Not so…
Listing Price Drops Will Help Drive a Fall Surge in Home Sales
Homebuyers who have been willing to wait for better deals are starting to be rewarded for their patience, as sellers drop listing prices to meet buyers’ more value-focused expectations.
Four Reasons the Housing Market Could Improve in the Second Half of 2014
While the Fed says the housing market has “lost traction,” Redfin expects the market in urban areas to regain its footing in the second half of 2014.
Prices, Sales Volume, and Inventory Decline in September
The housing market frenzy of 2013 has officially come to a close. In line with normal seasonal trends, home sales, prices, and inventory all dropped
