Housing Market Update

Reports from ATTOM Data Solutions, Redfin, Zillow, RE/MAX and Ellie Mae.

Redfin: Bidding Wars at 10-Year Low in November

Redfin, Seattle said 10 percent of offers written by Redfin agents on behalf of their homebuying customers saw a bidding war in November, down from 29% a year earlier and hovering at the 10-year low for the fifth consecutive month.

Home Reports: Prices Up, Inventories Down

Home sales, which lagged during the first part of 2019, continued their recent rebound with another strong month in October, said RE/MAX, Denver.

Redfin 3Q New Home Sales Up 5.6%

fin, Seattle, said a drop in new home sales prices sparked an uptick in new home sales in the third quarter, the second consecutive quarterly increase.

Luxury Housing Market Stabilizes in 3Q After Weak First Half

Redfin, Seattle, said average sale prices for luxury homes nationwide rose by 0.3 percent year over year to $1.6 million in the third quarter, marking the first time luxury prices did not drop after three straight quarters of declines.

Redfin: 3Q Migration Trends Reach Record High

A record-high 26 percent of home searchers looked to move to another metro area in the third quarter, up from 25 percent the year before, said Redfin, Seattle.

Redfin: Bidding Wars Edge Up in September, Bucking Seasonal Trend

Redfin, Seattle, said just 11 percent of offers written by its agents on behalf of their home buying customers faced a bidding war in September, down from 41 percent a year earlier, but up slightly from the eight-year low of 10 percent in August.