New listings of homes for sale were 6% above 2019 levels Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 13: Median home sale price increased 13% from 2019 to $ 319,261—the highest on record. The 13% year-over-year increase was the largest since ...

Nearly 55% of Redfin offers for homes faced bidding wars in August. Competition is still fierce in coastal California, and the market is also hot in more affordable places like Sacramento and Phoenix. Nationwide, 54.5% of Redfin offers on homes faced competition in August. Though that’s down from a ...

Meanwhile, San Francisco has experienced a flood of homes for sale as Americans flee dense, expensive cities. America’s housing shortage was intense before the coronavirus hit, with the number of homes for sale slumping 7% year over year in February. Now it’s even more acute: Supply dropped for the ...

Key takeaways for the 4-week period ending August 23: New listings of homes for sale were up 4% from a year ago—the largest increase since the four-week period ending March 15—but active listings continued to fall, down 28% from 2019. Pending home sales rose 20% year over year, even while ...

Key takeaways for the 4-week period ending August 16: Median home sale prices climbed further to a new all-time high of $ 316,375, an increase of 11% from 2019 and the largest year-over-year gain since early 2014. Pending home sales were up 15% year over year, and are showing signs of a more ...

Key takeaways for the 4-week period ending August 9: Home sale prices were up 10% year over year—the largest increase in over six years—to another new all-time high of over $ 314,000. Prices keep climbing month over month, bucking typical seasonality. 46% of homes had an accepted offer within the ...

Half of Redfin offers faced competition, up from 44% in April. In May, 49.4% of Redfin offers faced competition, up from 43.9% during the prior month. While sellers are jumping back into the market as states across the country reopen, there remains a shortage in houses for sale, which is fueling ...

We reported today that Redfin’s home-buying demand is nearly 17% higher than it was before the coronavirus pandemic, as states ease stay-at-home restrictions and businesses begin to reopen. Below are four charts that highlight other recent developments in the housing market as COVID-19 continues to ...

Even in places where COVID-19 continues to worsen, supply and demand are showing signs of recovery. But markets that placed restrictions on real estate are lagging behind. To better understand how the coronavirus pandemic is impacting local housing markets across the country, we identified four of ...

In our weekly market update, Redfin reported home-buying demand continued to recover last week, as states began making plans to begin to reopen businesses. Here are five additional charts that illustrate the latest developments in the housing market as the world continues to grapple with the ...