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November Marked a New Low for Home Supply

November Marked a New Low for Home Supply

The seasonally-adjusted number of homes for sale fell 18% year over year in November to an all-time low, sending the median sale price up 15% to $383,100. November marked the 16th consecutive month of double-digit price gains, and so far in[...]
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Housing Market Update: For-Sale Home Supply Hits All-Time Low

Housing Market Update: For-Sale Home Supply Hits All-Time Low

The number of homes for sale hit an all-time low during the week ending November 28, suggesting a difficult winter is in store for homebuyers. During the four-week period, sustained demand pushed the median home price to another record[...]
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Housing Market Update: Home Prices Hit a New All-Time High, Giving Sellers Much to be Thankful For

Housing Market Update: Home Prices Hit a New All-Time High, Giving Sellers Much to be Thankful For

Home prices hit a new all-time high of $359,975 in the four-week period ending November 21. This was up 14% year over year, the largest increase since early September. Prices have risen in the past month nearly four times faster than they did[...]
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Rental Market Tracker: Rents Up 13%, Outpaced by 17% Growth in Monthly Mortgage Payments

Rental Market Tracker: Rents Up 13%, Outpaced by 17% Growth in Monthly Mortgage Payments

Average monthly rents increased 13% nationwide over the past year, the highest growth rate in at least two years. The national median monthly mortgage payment for homebuyers posted even bigger growth, climbing 17% since October 2020.[...]
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Homebuyer Competition Levels Off in October, With 60% of Redfin Offers Facing Bidding Wars

Homebuyer Competition Levels Off in October, With 60% of Redfin Offers Facing Bidding Wars

In October, 60.3% of home offers written by Redfin agents faced competition, little changed from a revised rate of 60.4% in September but down from a pandemic peak of 74.5% in April..An offer is considered part of a bidding war if a Redfin[...]
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