Redfin, Seattle, released a new report finding that there are $698 billion in homes currently on the market–the highest dollar amount ever recorded.
Tag: Redfin
Redfin: U.S. Housing Market Seeing Many More Sellers Than Buyers
Redfin, Seattle, reported there are currently 34% more sellers in the market than buyers, the highest gap in data going back to 2013.
Redfin: Average Age of Purchased Home on the Rise
Redfin, Seattle, released a new report finding that the typical house bought in the U.S. hit a record age of 36 years in 2024.
Redfin: Demand for Vacation Homes Falls
Redfin, Seattle, found that the demand for vacation and second homes has dropped to the lowest level in at least six years.
Redfin: Gap Between Asking Price, What Buyers Willing to Pay Creeps Higher
Redfin, Seattle, released a report finding that the prices home sellers are asking for and the prices that homebuyers are paying diverge by $39,000–the largest gap since May 2020.
Redfin: 44% of Sellers Are Giving Concessions
Redfin, Seattle, found home sellers gave concessions to buyers in 44.4% of transactions in the first quarter.
Redfin: Gap Between Income Needed for Buying vs. Renting Widens
Redfin, Seattle, found that Americans need to earn $116,633 per year to afford the median priced home for sale, compared with $64,160 needed to afford the typical apartment for rent.
Redfin: February Sees Highest Share of Condos Selling Under List Price in 5 Years
Redfin, Seattle reported that 68.4% of condos that sold in February did so for less than their original asking price.
Redfin: Competition Increased the Most in Bay Area, New York in February
Redfin, Seattle, found that eight of the 50 most populous metropolitan areas saw an increase in the share of homes that sold for above their original list price in February.
Redfin: 2025’s Most Popular Neighborhoods So Far in New York, Midwest
Redfin, Seattle, released a list of the hottest neighborhoods in 2025, with a select few in New York and the Midwest dominating the rankings.