Category: Housing Market Tracker
17 housing trends that defined the year, including record home prices and sky-high mortgage rates The 2022 housing market was nothing short of remarkable. The pandemic and resulting remote work continued to define how, when, and where people bought homes. The median U.S. Read More
Everything is becoming virtual nowadays. From artwork, to concerts, to marketing, to meetups, virtual tools have entered most people’s daily routine. But what about real estate? Is it possible to own digital property in a virtual world? Yes. Enter: metaverse real estate Metaverse real estate isn’t... Read More
We asked Redfin Chief Economist Daryl Fairweather to answer the 5 most Googled questions about the housing market. Check out what she had to say. Question #1: Is the housing market going to crash? “I don’t think the... Read More
Timing can be everything when it comes to selling a home. From which season you choose to list your home down to the month and even the day can impact how quickly your home can sell and for how much. So, if you’re considering listing your... Read More
They say a picture is worth a thousand words, so why not let an aerial view tell the whole story? Real estate drone photography has become an increasingly popular tactic to help real estate listings stand out amongst the competition. Because typical listings feature photos taken from the... Read More
National median home price hit a new record of $320,625. Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending October 4: The median home sale price increased 15% year over year to $320,625—the highest on record. The largest increase ever recorded in the Case-Shiller national... Read More
Growth in list prices is down 3 percentage points since the end of August, but pending sales were still up 30% Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 27: The median home sale price increased 14% year over year to $319,769—the highest... Read More
Pending sales rose 29%, and new listings jumped 6% from last year Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 20: The median home sale price increased 14% from 2019 to $319,978—the highest on record. The 14% year-over-year increase was the largest since... Read More
New listings of homes for sale were 6% above 2019 levels Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 13: Median home sale price increased 13% from 2019 to $319,261—the highest on record. The 13% year-over-year increase was the largest since October 2013. Read More
The housing market in August resembled a game of musical chairs, as high home prices and low mortgage rates began to draw more sellers to the market: New listings climbed 5%, fueling a 30% increase in pending sales. The national median home price rose 11% year over year to... Read More
Buyers seem undeterred, as pending sales soar 28% and a 9% increase in new listings brings little relief. Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 6: Median home sale price increased 13% from 2019 to $319,178—the highest on record. The 13% year-over-year... Read More
Record-low inventory of homes for sale has “created a complete storm of insanity,” in small, affordable markets like Boise, which is seeing an influx of buyers leaving the West Coast. Key takeaways for the 4-week period ending August 30: Median home sale price increased 12% from 2019 to $318,473—the highest... Read More