Nearly 85,000 home sellers took their properties off the market in September, a 28% year-over-year increase and the highest delisting level for that month in eight years, according to a new report from Redfin. Nationwide, 5.5% of all home listings were taken off the...
Luxury home sale prices reached a median of $1.28 million, a record high for the month of October, according to new data from Redfin. Last month’s price was a 5.5% year-over-year increase. Luxury home prices increased by roughly three times faster than non-luxury...
Last month saw a significant supply and demand imbalance in the housing market, with an estimated 36.8% more home sellers than buyers (or 528,769 more, in numerical terms). According to data from Redfin, this marked the largest gap in records dating back to 2013....
Redfin has introduced an artificial intelligence (AI) tool that enables users to engage in a back-and-forth conversation with its platform on home searching. According to the company, users can describe what they want in their own words while following up on specific...
During August, 7.3% of mortgaged homebuyers used a VA loan, up from 6.5% one year earlier, according to a data report from Redfin. This marked the highest share for that month since 2019. Nationwide, the number of VA loans rose 3% year-over-year in August, while the...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
