News

Housing-Market Competition Has Eased Slightly, But 7 in 10 Buyers Still Face Bidding Wars

Housing-Market Competition Has Eased Slightly, But 7 in 10 Buyers Still Face Bidding Wars

In May, 70.4% of home offers written by Redfin agents faced competition, down from a revised rate of 73.6% in April but still up significantly from 52.7% in May 2020. It’s important to note that May 2020 housing-market activity was[...]
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Redfin Survey: One-Third of Millennial Homebuyers Are Using Extra Savings From the Pandemic for Their Down Payment

Redfin Survey: One-Third of Millennial Homebuyers Are Using Extra Savings From the Pandemic for Their Down Payment

Private outdoor space is the number one feature buyers are looking for this year. Rising prices are the top concern, reflecting America’s hot housing market, with price growth hitting double digits every month this year. For nearly[...]
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Buyers in Indianapolis, Omaha and Seattle are Snapping Up Homes in 5 Days or Less

Buyers in Indianapolis, Omaha and Seattle are Snapping Up Homes in 5 Days or Less

Note: Pandemic lockdowns significantly slowed homebuying and selling in April 2020, which means the year-over-year trends for home prices, pending sales, closed sales and new listings are somewhat exaggerated. For more context, we[...]
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Housing Market Update: Half of Homes Are Now Selling Above List Price

Housing Market Update: Half of Homes Are Now Selling Above List Price

Unless otherwise noted, this data covers the four-week period ending May 16.Note: At this time last year, pandemic stay-at-home orders halted homebuying and selling, which makes year-over-year comparisons unreliable for select[...]
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Housing Market Update: Over Half of Homes Are Selling Above List Price, Up From 1 in 4 a Year Ago

Housing Market Update: Over Half of Homes Are Selling Above List Price, Up From 1 in 4 a Year Ago

Unless otherwise noted, this data covers the four-week period ending May 23.Note: At this time last year, pandemic stay-at-home orders halted homebuying and selling, which makes year-over-year comparisons unreliable for select[...]
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