News

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[...]

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[...]

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[...]

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.[...]

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[...]