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Redfin: Home Prices Up for First Time in Nearly Five Months

Redfin: Home Prices Up for First Time in Nearly Five Months

by Phil Hall | Jul 13, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median home sale price increased year-over-year by 1.5% during the four weeks ending July 9, according to data from Redfin (NASDAQ:RDFN), which noted this was first increase in nearly five months. The median home sale price of $383,750 was only $2,500 below record...
Redfin: Average Home Is Selling Above Its Asking Price Again

Redfin: Average Home Is Selling Above Its Asking Price Again

by Phil Hall | Jul 6, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average sale-to-list price ratio hit 100.1% during the four weeks ending July 2, according to new data from Redfin (NASDAQ:RDFN). This marks the first time since last August that the average home was selling for more than its asking price. Redfin also noted the...
Typical US Home Sells for Only $4,000 Less Than Record Price

Typical US Home Sells for Only $4,000 Less Than Record Price

by Phil Hall | Jun 30, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. home is selling this month for roughly $383,000, according to new data from Redfin (NASDAQ:RDFN). This is roughly less than $4,000, or -1%, than the all-time high set in June 2022. Redfin also noted the current sales price average is the smallest...
One-Quarter of Homebuyers Looking to Move to Another Metro Area

One-Quarter of Homebuyers Looking to Move to Another Metro Area

by Phil Hall | Jun 28, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One-quarter of American homebuyers, a new record level, are looking to move to a different metro area, according to data from Redfin (NASDAQ:RDFN). In comparison to current level of 25.4% homebuyers looking outside of their area, the share considering relocation was...
What Impact Does a Rainbow Flag Have on Homebuyers?

What Impact Does a Rainbow Flag Have on Homebuyers?

by Phil Hall | Jun 27, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

While the visibility of rainbow flags has been more pronounced in the past few weeks due to the Pride Month observances, Redfin (NASDAQ:RDFN) polled homebuyers to see whether the presence of a rainbow flag would either enhance or sour their perception of a...
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