BrokerageIndustry News

Redfin turns first monthly profit

Seasonal sales boost, better market share and profit margins cited
Published on Jul 13, 2009

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by CareyBot

Online brokerage Redfin says it turned its first ever monthly profit in June, attributing the milestone to increased market share, improved profit margins, and the seasonal boost in homebuying during the summer.

Neither the press release nor blog post by company founder and CEO Glenn Kelman provided dollar amounts for profit and revenue.