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In May, 49.4% of Redfin offers faced competition, up from 43.9% during the prior month. While sellers are jumping back into the market as states across the country reopen, there remains a shortage in houses for sale, which is fueling[...]

The housing market showed some early signs of recovery in May as the addition of homes for sale and contracts to buy homes both increased dramatically from April levels, but the market remains overall very competitive thanks to a[...]

The impact of the coronavirus shutdowns on homebuyer demand has so far been short and muted, even in some of the cities that have been the hardest-hit by unemployment during the recession. This rapid recovery in demand is a strong[...]

It seems that nothing can deter homebuyers. Seasonally adjusted demand for the week of June 1 – June 7 is now 25% higher than it was pre-pandemic in January and February, marking the eighth straight week of rising demand. Our abiding[...]

Online searches for single-family homes rose to the highest level in four years last month. This comes as the coronavirus pandemic drives buyers to seek out larger houses located farther away from dense urban areas. In May, 36% of saved[...]