Redfin expanding to 3 more markets?

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Redfin may soon be in three more markets, if new maps and data feeds for Orlando, Fla., Norfolk-Hampton, Va., and Tucson, Az., on its site presage an expansion.

The new market data on the site led the tech news site GeekWire to speculate that the Seattle-based regional brokerage and referral site will soon officially announce that its coverage has grown to 26 markets.

Redfin entered Minneapolis — its 23rd market — in February. Continued expansion could be another sign that Redfin, which added two board members in February and raised $50 million in November,  is closing in on an initial public offering.

Without providing specifics, Redfin spokeswoman Jani Strand told GeekWire that “expansion is one of the most important company initiatives for Redfin in 2014.”

Source: GeekWire


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