Redfin: Fewer Listings, Faster Home Sales

Redfin, Seattle, said fewer homes are selling than usual this spring—but the ones that are changing hands are going fast, with a small pool of buyers circling an even smaller pool of listings.

Redfin: Existing Housing Inventories at 7-Year High

Redfin, Seattle, said its Homebuyer Demand Index ticked up last week as steadily declining rates lured some buyers back in. But many would-be buyers are waiting for lower rates and prices, with the typical home’s time on market rising at its fastest annual pace on record and supply increasing.

Record-High 3Q Homes for Sale New Construction

Redfin, Seattle, reported new construction took up a record percentage of housing inventory in the third quarter, partly filling a gap left by hesitant existing homeowners as the housing market slows.

Pending Home Sales Fall 4th Straight Month

Pending home sales for the fourth consecutive month in September, the largest single monthly decline since onset of the coronavirus pandemic, the National Association of Realtors reported Friday, with all four regions reporting both month-over-month and year-over-year declines in transactions.