Average homes sell above asking price for first time since last year

The average sale price nationwide just exceeded 100% of list price for the first time since August of last year, according to a new market report from Redfin released on Thursday. Continue reading

Are sellers aiming too high? Price cuts abound throughout the US

More sellers dropped their asking prices in June almost everywhere in the U.S. In some places, more than half of homes for sale saw a cut. Continue reading

List prices are finally starting to fall

Nearly 1 in 5 homesellers dropped their listing price during the four-week period ending May 22, a high watermark unmatched since October 2019, according to a new report from Redfin. Continue reading

Buyers are still fighting hard, despite costly home payments

The monthly payment on a typical home is 50 percent pricier than it would have been a year ago, yet competition remains fierce. Continue reading

As list prices continue to soar, not all homebuyers are willing to play ball

Homesellers have been pushing list prices to new heights, but a report released Thursday by OJO Labs indicates buyers aren’t as eager to shell out for the pricier pads. Continue reading

‘I’ve never seen anything like this’: 580 Seattle homes have sold for $300K above ask this year

A new Redfin report found that homes in some of America’s largest metro areas sold for well above asking price in the first half of 2021, bucking an established trend. Continue reading