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Nationwide, 10.8% of saved searches on Redfin.com filtered exclusively for homes priced over $1 million in January. That’s up from 8.5% a year earlier and the highest share since Redfin started tracking this data in the beginning of[...]

“Buyers are incredibly hungry for listings, but unfortunately there isn’t much to choose from, and that scarcity is making buyers all the more frenzied,” said Redfin chief economist Daryl Fairweather. “As a result, the[...]

Pandemic-driven demand for vacation homes is continuing into 2021 as mortgage applications for second homes see their eighth consecutive month of 80%-plus growth. Demand for second homes is increasing twice as fast as it is for primary[...]

The extreme pandemic-driven seller’s market is intensifying and will likely last through the first half of the year.In the week ending January 24, home-sale prices soared 18% and pending sales grew 28% from the same period last year.[...]

Nationwide, 55.9% of Redfin offers for homes faced bidding wars in January, up from a revised rate of 52.5% in December. It marks the ninth consecutive month in which more than half of home offers written by Redfin agents faced[...]