While non-luxury homebuyers are beholden to mortgage rate fluctuations, luxury buyers are using their stock market gains to boost their purchasing power
According to Redfin's data, pending home sales dipped 0.4% year over year to the lowest May level since 2020. Part of that was attributed to sky-high costs and economic uncertainty
US home inventory hit a record $698B in April — a 20.3% increase from the previous year — but sales aren't keeping pace, a new analysis from Redfin shows
Despite a flood of new listings, buyers are cooling off from high prices, rising mortgage rates and economic uncertainty, according to new reports from Zillow and Redfin
Active listings in Washington, DC, have surged 25.1% year over year, the largest jump on record and nearly double the national increase of 14.2%, new Redfin data released Wednesday shows
In the first quarter of the year, 44.4% of homesellers included concessions in their deals, just shy of the record 45.1% seen at the start of 2023, according to new data released Monday by Redfin
As of March, the typical US home took 47 days to sell, the longest stretch in 6 years. Those longer stretches on the market tend to discourage competition, a Redfin report found
68.4% of condos sold below their asking price — the highest share in 5 years. That's a jump from 63.3% last year, signaling a cooling condo market, according to a Redfin report