In a wide-ranging speech on the real estate market at Inman Connect Las Vegas, Redfin CEO Glenn Kelman expressed skepticism about the potential growth of iBuying. Watch the entire presentation here.

When the real estate industry comes together to share ideas and connect, magic happens. Join thousands of your peers at Inman Connect New York, Jan. 25-27, 2022 at the Hilton Midtown in NYC to discover relationships that will change your business and your life. Register now.

In a wide-ranging speech on the real estate market at Inman Connect Las Vegas, Redfin CEO Glenn Kelman expressed skepticism about the potential growth of iBuying, and he said he’s seeing a growing divide between brokerage models that offer more support and those that offer more money.

The speech was based on a survey Redfin just completed of more than 400 real estate professionals in 60 different U.S. metro areas.

Among other things, the survey found that 30 percent of agents foresee iBuyers such as Opendoor, Offerpad and Redfin itself growing to have between 5-10 percent of the real estate market. Another 30 percent of agents believe iBuyers will capture between 10-25 percent share, and 15 percent of agents envision the iBuyers could grow to between 25-50 percent of the market.

Watch the complete conversation from ICLV, above, as a benefit of your Inman Select subscription.

Glenn Kelman | Redfin
Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Hear from Realogy, Pacaso, SERHANT., Spotify, Redfin, Douglas Elliman, and 100+ more leaders at ICNY.Register now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription