Tag Archives: Redfin

Redfin's latest survey shows inventory shortage and rising prices are creating frustration for buyers trying to get in on the ground floor of the housing recovery.

Redfin's Real-Time Price Tracker, which tracks prices, sales, and inventory, shows home sales were up in January 12 percent year-over-year.

Homebuyer interest got off to a strong start in 2013, according to Redfin's Real-Time Demand Pulse for February.

According to Redfin's latest Real-Time Seller Survey, 81 percent of sellers believe home prices will rise in their area over the next year, up from 75 percent in the fourth quarter of 2012. While the increase in seller confidence should translate to increased inventory, the results have yet to be seen. According to the survey, 49 percent of respondents indicated they were planning to sell, up from 45 percent in last quarter's survey. However, the percentage of respondents who indicated they were selling "right now" fell by nearly half.

Redfin studied 48 emerging neighborhoods located within 16 major metro areas to determine which neighborhoods showed the most promise this year.

The housing market felt December's chill as home sales, listings, and prices all slipped, according to Redfin's Real-Time Price Tracker. While it's not unusual to see the market cool off in the holiday season, December's decline in listings was considerable compared to the years prior. According to Redfin, listings were down 11.5 percent from November, 33 percent from December 2011, and 44 percent from December 2010. The lack of selection had a hindering effect on sales.

December saw mixed signals in terms of housing demand, according to Redfin's latest Real-Time Demand Pulse.

The number of homebuyers who think the price recovery will continue through 2013 has more than doubled throughout 2012.

According to Redfin's Real-Time Home Price Tracker for October 2012, home sales increased 9.8 percent across 19 major U.S. markets from September to October, an unusual gain in a month that commonly sees monthly declines of at least 5 percent. Prices also increased in October, though on a more modest scale. The tracker reported price increases of 8.4 percent year-over-year and 0.4 percent month-to-month. Seventeen of the 19 cities covered in the report saw higher prices than in 2011.

Redfin announced that as of mid-November, it has saved customers more than $100 million in real estate fees and reached more than $8 billion in home sales. According to Redfin, customers have saved more than $25 million on fees in 2012 alone. The company also boasts a satisfaction rate of 97 percent.