News

The typical single-family home that sold in the U.S. this year was purchased for an average of 17.3% more ($58,000) than the typical condo. That’s up from 15.4% last year and represents the largest premium since at least 2013, when Redfin[...]

Sales of vacation homes are soaring, even as millions of Americans grapple with financial devastation triggered by the coronavirus pandemic. In October, demand for second homes skyrocketed 100% from a year earlier—the fourth[...]

The uptick in urban home searches closely trails a 235% increase in searches for homes in rural areas. Home prices were up by double digits in both neighborhood types, reflecting both continued interest in rural life and optimism about the[...]

“Sellers took the week off for Thanksgiving, but buyers were still out there searching for homes despite the lack of new listings,” said Redfin chief economist Daryl Fairweather. “Sellers continue to be in the driver’s seat when[...]

The national median home price rose 14.2% year over year to $335,900 in October—the second-largest annual increase on record as far back as our data goes (2012), bested only by a 14.7% gain in July 2013. These near-record gains are fueled[...]