According to new Realtor.com research, sellers this year are less likely to expect bidding wars and offers over the asking price, and more likely to expect longer days on market, along with fewer buyers willing to waive contingencies.
A new Redfin report shows a 7.1% annual drop in homes for sale in May to 1.4 million. Record-low inventory is propping up prices and intensifying competition, boosting the average sale-to-list-price ratio to 100% after nine straight months of sub-100% ratios.
A new report from Redfin shows the median home sale price dropping 4.1% ($17,603) year over year in April—the biggest annual drop in dollar terms and the steepest annual decline in percentage terms since January 2012.
According to a new Redfin report, bidding wars declined for the seventh straight month, with 44.6% of homes facing a bidding war, down from 63.5% a year earlier.
According to a new Redfin report, homebuyer competition has declined for the sixth straight month. Here are the top takeaways for real estate agents.
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