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Active Listings in Washington, DC Metro Area Up 25.1% from Last Year

Active Listings in Washington, DC Metro Area Up 25.1% from Last Year

by Phil Hall | May 7, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Active listings of homes in Washington, DC metro area shot up by 25.1% year-over-year during the four weeks ending April 27, according to data from Redfin (NASDAQ: RDFN). This marked the highest level of home for sale in that market since 2022. By comparison, active...
Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels

Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels

by Phil Hall | May 2, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Developers obtained permits to build 12.4 multifamily housing units for every 10,000 people in during 2024, according to a new data report from Redfin (NASDAQ: RDFN). Last year’s figures marked a 27.1% decline from 17 units per 10,000 people during the pandemic-era...
Report: Typical Home Seller Wants 9% More Than the Typical Buyer Is Willing to Pay

Report: Typical Home Seller Wants 9% More Than the Typical Buyer Is Willing to Pay

by Phil Hall | Apr 29, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical home for sale is listed for 9% more (or $38,672) than the typical home is selling for, according to a data report from Redfin (NASDAQ: RDFN), which noted this was biggest gap between asking and sales prices since May 2020. During March, Redfin determined...
Hits and Misses for the Real Estate Week of April 21-25

Hits and Misses for the Real Estate Week of April 21-25

by Phil Hall | Apr 25, 2025 | Commercial Real Estate News, Current News & Events, Hits and Misses, U.S. Housing Market, WRE News Exclusive

Homebuyers who regret their purchase, a new approach to data center development, and another attempt to combat homelessness. From the wild and wooly world of real estate, here are our Hits and Misses for the week of April 21-25. Miss: Post-Purchase Depression. A...
44.4% of Q1 Home Sales Included Seller Concessions

44.4% of Q1 Home Sales Included Seller Concessions

by Phil Hall | Apr 21, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

During the first quarter of this year, 44.4% of home sale transactions involved seller concessions to buyers, according to data from Redfin (NASDAQ:RDFN). That’s up from 39.3% in the first quarter of 2024 and shy of the 45.1% record set in the first quarter of 2023....
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