News

Forty-four percent more homes are pending sale than at this time in 2019, but only 3% more homes recently hit the market—down from 12% growth over 2019 just 7 weeks prior. As a result of the severe imbalance between the number of homes for[...]

In September, 58.9% of home offers written by Redfin agents faced competition—a record low for 2021. That’s down from a revised rate of 60.8% in August and a peak of 74.3% in April. September marked the fifth-straight month of[...]

Average monthly rents increased 11% nationwide over the past year, the highest growth rate in at least 2 years. The national median monthly mortgage payment for homebuyers went up even faster, climbing 15% since September 2020. This is[...]

One-third of homes that sold in the past four weeks went under contract within seven days of hitting the market. This rate has been on the rise for the past six weeks, during a time of year when the market typically slows down. It’s likely[...]

The share of homes selling within one or two weeks is on the rise during a time of year that typically sees the market slow down. A third of pending sales were under contract within a week, up 2.2 points from a month earlier. During the same[...]