Redfin reports July homes took 43 days to sell, the slowest summer pace since 2015, as pending sales hit a two-year low and prices rose 1.4% to $443,867.
Redfin’s latest report shows U.S. home sellers are sitting on a record $698 billion worth of active listings, up 20.3% year over year.
Logan Mohtashami’s Weekly Housing Market Tracker reports that new listings surged to 80,338—the first time in three years the market has broken the 80K threshold. With inventory rising and price cuts reaching 36.7%, agents are finally seeing signs of a long-awaited shift toward normal.
Zillow just downgraded its U.S. home price forecast, now predicting a 1.7% YoY decline by 2026 as inventory climbs and affordability pressures mount.
Bright MLS reports that office exclusives now make up nearly 8% of new listings, with Compass, Washington Fine Properties, and TTR Sotheby’s leading the trend. The data reveals longer days on market, no price advantage, and tighter inventory.
Logan Mohtashami shuts down doomsday prophets on X, using hard data to debunk claims of a DC housing market crash. His latest HousingWire analysis reveals what’s really happening with inventory, listings, and home prices.
Zillow Chief Economist Skylar Olsen shares how real estate agents can use Days to Pending and New Listings metrics to educate clients and stand out in competitive markets.
According to Realtor.com, the best week to buy a home in 2024 is from September 29 through October 5, with potential savings of over $14,000 compared to peak summer prices.
New reports from Zillow (monthly) and Redfin (quarterly) show luxury home values and sale prices rising faster compared to the typical or non-luxury U.S. home, as of June and the end of Q2 2024.
A new Redfin report shows home prices for May 2024 rose 0.3% from the previous month—the smallest monthly increase on a seasonally adjusted basis since January 2023.
New reports from Zillow and Redfin highlight the origin and impact of inventory growth in 2024, as more homeowners list their homes while buyers take a step back, pushing inventory up and increasing days on market and the share of homes with price cuts.
Zillow released its Housing Market Report for April 2024, highlighting the best markets for homebuyers. Florida and Texas have seven of the top 10 metro areas listed, thanks to strong construction numbers, which have eased buyer competition.
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