Spring typically brings new energy to this housing market, but this year, the momentum is stalling. A flood of sellers has hit the market, but…
Posts published in “Redfin Premier”
Record $700B worth of listings on market, but sales are sluggish
By The Citizen on June 3, 2025
U.S. home inventory hit a record $698 billion in April, a 20.3 percent increase from the previous year. However, sales aren’t keeping pace, a new…
The spring sizzle fizzles: Economic jitters chill buyer demand
By The Citizen on May 16, 2025
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…
Concessions surge as homesellers offer sweeter deals in sour markets
By The Citizen on April 22, 2025
In the first quarter of the year, 44.4 percent of homesellers included concessions in their deals, just shy of the record 45.1 percent seen at…
Homes are sitting longer and not just because of mortgage rates
By The Citizen on April 17, 2025
According to a new Redfin report, concerns over affordability, economic uncertainty and tariff fears under a second Trump administration are giving buyers serious pause. As…
Condos are selling below list price as fees discourage buyers
By The Citizen on April 3, 2025
According to a new Redfin report, an overwhelming 68.4 percent of condos sold below their asking price — the highest share in five years. That’s…
Bay Area, NYC buyers drive bidding wars as market shifts loom
By The Citizen on April 1, 2025
A recent Redfin report found that 20.5 percent of homes sold above asking price in February, while 64.2 percent sold below and 15.4 percent sold…
Florida housing market hits record inventory, Redfin says
By The Citizen on February 28, 2025
Florida wrapped up the first month of the year with a record-breaking number of homes for sale, according to Redfin’s latest data analysis. At the…
Homebuyers remain sidelined despite more listing options
By The Citizen on February 6, 2025
Even with an uptick in new listings, homebuyers aren’t rushing into the market. Instead, demand has dipped, leaving a growing supply of homes sitting as…
Typical days on market reaches slowest pace in 5 years: Redfin
By The Citizen on January 30, 2025
Persistent market headwinds resulted in a slow beginning to the year, according to Redfin. The typical days on market reached 54 days this month —…