According to a new Redfin report, an overwhelming 68.4 percent of condos sold below their asking price — the highest share in five years. That’s a jump from 63.3 percent last year, signaling a cooling condo market. Continue reading
A recent Redfin report found that 20.5 percent of homes sold above asking price in February, while 64.2 percent sold below and 15.4 percent sold at their asking price nationwide. Continue reading
Florida wrapped up the first month of the year with a record-breaking number of homes for sale, according to Redfin’s latest data analysis. At the end of January, there were 172,209 homes on the market, the most Florida has ever seen. That’s a 22.7 per… Continue reading
Even with an uptick in new listings, homebuyers aren’t rushing into the market. Instead, demand has dipped, leaving a growing supply of homes sitting as buyers remain hesitant about their next move, according to Redfin’s latest data analysis. Over the … Continue reading
Persistent market headwinds resulted in a slow beginning to the year, according to Redfin. The typical days on market reached 54 days this month — the slowest pace since 2020. Continue reading
In November, active listings rose 0.5 percent month over month and 12.1 percent year over year, according to Redfin’s analysis. Continue reading
In 2023, nearly 37 percent of homes bought by individuals aged 65 and older were located in areas with high risk of extreme heat, compared to 32.3 percent of homes purchased by those under the age of 35. Continue reading
A surprise drop in mortgage rates got homebuyers off the sidelines and into home tours. However, affordability and recessionary concerns have kept buyers from making purchases. Continue reading
Redfin’s second-quarter revenue declined 21 percent year over year to $275.6 million, as gross profits from its real estate services took a tumble amid a harsh housing market, according to an earnings call Thursday. Continue reading
Redfin Premier, which matches luxury homebuyers and sellers with a Redfin Premier agent and marketing tools specific to the luxury brand, is launching in every market the brokerage operates. Continue reading