News

Home Prices and Sales Ended 2018 Not With a Bang, But a Whimper

As predicted by CEO Glenn Kelman in early November, the housing market ended 2018 not with a bang, but a whimper. U.S. home-sale prices increased just 1.2 percent in December compared to a year ago, to a median of $289,800 across the metros[...]
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House Hunting at Work: The Most Popular Time to Search for Homes is 10 a.m. on Friday

House Hunting at Work: The Most Popular Time to Search for Homes is 10 a.m. on Friday

Update: We’ve improved the methodology for reporting on this metric. Please refer to the new report here. Searching for a new home is like a job. Maybe that’s why people most often do it while they’re at work. The most popular time[...]
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Bidding Wars Plummet to an Eight-Year Low, but Buyers Still Face Competition Most of the Time in These Zip Codes

Bidding Wars Plummet to an Eight-Year Low, but Buyers Still Face Competition Most of the Time in These Zip Codes

Thirty-two percent of offers written by Redfin agents on behalf of their home-buying customers in November faced competition (one or more competing bids), down from 45 percent a year earlier, marking an all-time low since Redfin began[...]
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Home Supply Up 123% in San Jose, Nearly 100% in Seattle, Leading the Nation’s Biggest Inventory Increase in 3 Years

Home Supply Up 123% in San Jose, Nearly 100% in Seattle, Leading the Nation’s Biggest Inventory Increase in 3 Years

Slowing price growth and a growing percentage of price drops are other signs that the regions’ real estate markets may finally be cooling. Signals are emerging that the party may be coming to an end for home sellers in San Jose and[...]
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Housing Inventory Up 5% in November—Fastest Growth in 3 Years—as Sales Decline 8%

Housing Inventory Up 5% in November—Fastest Growth in 3 Years—as Sales Decline 8%

U.S. home-sale prices increased 3.3 percent in November compared to a year ago, to a median of $298,800. November marked the third straight month of annual home price gains under 4 percent after a 77-month-long streak of annual home price[...]
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