US Housing Market Reverses Course in March with Coronavirus Shutdowns

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Record-setting declines include a more than 10% decrease in new listings from a year earlier and a 9% drop in total number of home sales in a single month. This is possibly the most unusual Market Tracker report that Redfin has ever published. At the beginning of March, the housing market was stronger than ever , with February marking the … Read More

National Housing Data Methodology

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Introducing the new national & regional metrics Redfin releases data on a variety of housing indicators each month on our Data Center . Most of the data for these metrics come directly from the local Multiple Listing Services (MLS). Additionally, a handful of metrics are verified with public records data. Historically, all of Redfin’s housing metrics were first calculated at … Read More

US Home Prices Up 7% in December

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A record shortage of homes for sale drove prices up on a monthly and annual basis. U.S. home-sale prices increased 6.9% year over year in December to a median of $312,500 across the 217 metros Redfin tracks. Home prices were also up 1.1% month over month on a seasonally-adjusted basis, the largest increase since February 2018. “Low mortgage rates and … Read More

U.S. Home Prices up 5.4% in October

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Low mortgage rates prop up homebuyer demand as inventory declines U.S. home-sale prices increased 5.4% year over year in October to a median of $313,200 across the 217 metros Redfin tracks. The increase was the largest since July 2018, although current strength may be overstated given the weakening housing market a year ago. Prices also rose 1.4% between September and … Read More

Home Sales Little Changed in September

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Home prices up 5% annually, the biggest increase in over a year. U.S. home-sale prices increased 4.6 percent year over year in September to a median of $308,800 across the 217 metros Redfin tracks. This is the largest year-over-year increase since July 2018. “The demand-driving effect of low mortgage rates is being cancelled out by jitters about the overall health … Read More

U.S. Home Sales Post Biggest Increase in More Than 2 Years in August

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Recession fears keep home-price gains in check at 3% as supply and demand shift toward sellers’ favor U.S. home-sale prices increased 2.7 percent year over year in August to a median of $312,200 across the 217 metros Redfin tracks. Home prices have been growing in a tight range between 1 and 3 percent year over year since September 2018. “Although … Read More