News Releases

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April 13, 2021
-Redfin found the typical home listed on a Tuesday, Wednesday or Thursday sells for $1,700 more than one listed on the weekend, and it sells nearly two days faster. -It varies by metro: In Boston, homes that list midweek sell for an average of $7,100 more than homes listed on the weekend, but in
April 09, 2021
Asking prices and pending sales flatten, largely following an expected seasonal pattern, suggesting that homebuyer demand and sale prices may be peaking SEATTLE , April 9, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The median home-sale price increased 17% year over year to $338 ,225—an all-time
April 08, 2021
The intense demand for second homes in vacation destinations is pushing up prices to the point where some locals are unable to afford homes SEATTLE , April 8, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The number of buyers who locked in mortgage rates for second homes shot up a record 128% year over
April 05, 2021
Acquisition brings together a leading site for homebuying with leading sites for rental listings SEATTLE and ATLANTA , April 5, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — On April 2 , Redfin ( www.redfin.com ) completed its previously announced acquisition of RentPath ( www.rentpath.com ) for $608
April 05, 2021
Rising sea levels played a role for about one-third of people who plan to move in the next year, and many say they wouldn't relocate to an area with climate risk, even if it were more affordable SEATTLE , April 5, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Many Americans are factoring climate change
April 02, 2021
Early indicators of homebuyer demand reflect that more are throwing in the towel as prices climb to new heights and mortgage rates tick up - Asking prices of newly listed homes hit new high of $353,500 - Active listings fell 42% from the same period in 2020 to new all-time low - 59% of homes that
March 31, 2021
Post-pandemic home values will grow at a cool 5% annual pace, but the condo and short-term rental market will heat up SEATTLE , March 31, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The post-pandemic housing market will offer some relief for homebuyers, according to a new report from Redfin ( redfin.com
March 26, 2021
Home prices rose 16% to a new all-time high SEATTLE , March 26, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The median home-sale price increased 16% year over year to $331 ,590—an all-time high—according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.
March 25, 2021
Phoenix is the most popular destination for Redfin.com users looking to move away from expensive coastal cities. Some out-of-town buyers are shifting their search from Texas to Arizona after recent winter storms. SEATTLE , March 25, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 31.2% of
March 25, 2021
High-end single-family homes are the most likely to encounter competition SEATTLE , March 25, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 60.9% of home offers written by Redfin agents faced bidding wars in February, up slightly from a revised rate of 59.3% in January.
March 24, 2021
A red-hot housing market has forced house hunters to step up their game. Buyers are making bigger down payments, offering above the asking price, waiving more contingencies and going on additional home tours in order to compete during the pandemic. SEATTLE , March 24, 2021 /PRNewswire/ -- (NASDAQ:
March 24, 2021
Homes in the Texas capital were selling for 1% below asking prices pre-pandemic. The reversal is driven in part by out-of-towners moving into Austin, driving up competition and prices. SEATTLE , March 24, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The average home in the Austin metro sold for 7.1% above
March 23, 2021
SEATTLE , March 23, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that it has priced $500.0 million aggregate principal amount of 0.50% convertible senior notes due 2027 (the "notes"). The notes are to be sold only to qualified institutional buyers pursuant to Rule 144A
March 22, 2021
Offering all cash is the strategy most likely to improve a buyers' odds of winning a bidding war, followed by waiving the financing contingency, according to Redfin data SEATTLE , March 22, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Homebuyers who offer all cash improve their chances of winning a
March 22, 2021
SEATTLE , March 22, 2021 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced that it proposes to offer $500 million aggregate principal amount of convertible senior notes due 2027 (the "notes"), subject to market conditions and other factors.
March 19, 2021
Redfin is the first iBuyer to bring its convenient and safe home-selling option to the region WASHINGTON , March 19, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- RedfinNow has expanded to the Baltimore/Washington, D.C. region. RedfinNow is the iBuying service from Redfin ( www.redfin.com ), the
March 19, 2021
The number of homes for sale fell 42% compared with the last four weeks before the 2020 coronavirus shutdowns began SEATTLE , March 19, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price increased 17% year over year to $330 ,250—an all-time high—according to a new report  from Redfin
March 18, 2021
Nagel to remain at Redfin through April 2022 as President of Strategic Initiatives SEATTLE , March 18, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin ( www.redfin.com ) announced today that president of real estate operations, Scott Nagel , intends to retire in April 2022 .
March 18, 2021
The newly enacted child tax credit has the potential to reduce the number of rent-burdened households with children by nearly 9% SEATTLE , March 18, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The newly enacted child tax credit, which will put an average of $221 per month into the pockets of families
March 18, 2021
Historic competition for homes pushed sale prices up 14% as new listings fell 16% SEATTLE , March 18, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home-sale price rose 14.4% year over year to $336,200 in February, the largest increase seen since July 2013 , according to a new report
March 15, 2021
SEATTLE , March 15, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Americans living in formerly redlined neighborhoods—many of whom are people of color—are more likely than those living in non-redlined neighborhoods to see their homes jeopardized by water damage, according to a new report from Redfin (
March 12, 2021
The average sale-to-list price ratio shot up to 100.1% nationwide, marking the first time on record the typical home has sold above its list price SEATTLE , March 12, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- The median home-sale price increased 17% year over year to $328 ,350—an all-time
March 11, 2021
iBuying companies bought just 0.3% of U.S. homes that sold in the fourth quarter. While that's up slightly from 0.2% in the third quarter, it remains below the 0.8% market share they held at the end of 2019. SEATTLE , March 11, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The nation's top iBuying
March 11, 2021
The housing market has gained $4 trillion in value in the past year as cash-rich Americans have transferred their wealth from major hubs like San Francisco and New York to relatively affordable cities with more space and sunshine SEATTLE , March 11, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The total
March 10, 2021
Remote workers seeking space for offices and a simpler lifestyle are searching for homes in places like Lake Tahoe, Santa Cruz and Cape Cod. Meanwhile, big cities like New York are cooling down. SEATTLE , March 10, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Housing markets in vacation destinations and
March 09, 2021
But even with the substantial home-equity uptick, Black Americans who bought in 2019 still have a median of $89,000 in equity, much lower than $113,000 for white Americans SEATTLE , March 9, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — People who bought homes in primarily Black neighborhoods in 2019
March 08, 2021
Higher mortgage rates would likely make homebuyers more cost conscious and less likely to bid up home prices SEATTLE , March 8, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — A homebuyer would lose $23,250 in spending power with a mortgage rate of 3.25% versus a 2.75% rate, where they were sitting earlier
March 05, 2021
SEATTLE , March 5, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event:     Wolfe Virtual FinTech Forum Thursday, March 11, 2021 , at 3:40 p.m. ET Link to the live webcast, as well as the
March 05, 2021
Redfin reports that median asking and selling prices both climbed by double digits to new all-time highs. SEATTLE , March 5, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home-sale price increased 16% year over year to $323,600 , an all-time high, according to a new report from Redfin (
March 04, 2021
Houses, not condos, are driving renewed homebuyer interest in cities SEATTLE , March 4, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home-sale price in urban areas nationwide rose 15.9% year over year to $292,263 in the four weeks ending February 21 , according to a new report from Redfin (
March 03, 2021
SEATTLE , March 3, 2021 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will attend the following virtual event:     Tenth Annual Susquehanna Technology Conference Wednesday, March 10, 2021 About Redfin Redfin ( www.redfin.com ) is a
March 03, 2021
Single women purchased 9% more homes in the fourth quarter of 2020 than a year ago, compared with a 4.5% uptick for single men SEATTLE , March 3, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Despite the fact that the coronavirus-driven recession disproportionately impacted women in 2020, single women
March 02, 2021
SEATTLE , March 2, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event:     2021 Truist Securities Technology, Internet & Services Conference Tuesday, March 9, 2021 , at 12:10 p.m.
March 02, 2021
Redfin Premier Offers Premium Marketing Program for Million-Dollar Homes SEATTLE , March 2, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin ( www.redfin.com ), the technology-powered real estate brokerage, announced it has expanded its Redfin Premier offering for high-end home sellers into some of the
March 01, 2021
Record-low mortgage rates and remote work are driving scores of Americans to buy bigger homes in more affordable places, but those same factors are fueling fierce bidding wars, skyrocketing prices and an intensifying housing shortage SEATTLE , March 1, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — As the
February 26, 2021
Redfin reports a record 43% of homes spent a week or less on the market SEATTLE , Feb. 26, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price increased 15% year over year to $321,250 , according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.
February 25, 2021
The average fee paid to buyers' agents was 2.7% in 2020; Real estate commissions are expected to decline as a federal legal battle ushers in a new era of transparency around real estate commissions SEATTLE , Feb. 25, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Today Redfin ( www.redfin.com ), the
February 25, 2021
A record 31% of Redfin.com users looked to move to a different metro in January, driven by homebuyers relocating to relatively affordable metro areas SEATTLE , Feb. 25, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 30.7% of Redfin.com users looked to move to a different metro in January,
February 24, 2021
SEATTLE , Feb. 24, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced financial results for the fourth quarter and full year ended December 31, 2020 . All financial measures, unless otherwise noted, are presented on a GAAP basis and include stock-based compensation, depreciation
February 23, 2021
Nine unique strategies to help homebuyers win that don't require paying all cash or waiving contingencies SEATTLE , Feb. 23, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Today's housing market is one of the most competitive in history, with 56% of Redfin home offers facing competition nationwide in
February 19, 2021
Supply couldn't keep up with demand as new listings of homes for sale fell 6% from a year earlier and the number of homes on the market was down 24% to an all-time low SEATTLE , Feb. 19, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home-sale price rose 14% year over year to $330,500 in
February 19, 2021
Acquisition brings together a leading site for homebuying with a leading site for rental listings SEATTLE and ATLANTA , Feb. 19, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin ( www.redfin.com ) has entered into an agreement to acquire RentPath ( www.rentpath.com ), the Atlanta -based owner of
February 18, 2021
SEATTLE , Feb. 18, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event:     Wedbush Real Estate Technology Conference Thursday, March 4, 2021 Link to the replay will be available at
February 17, 2021
Los Angeles is on the opposite end of the spectrum, with more than three-quarters of homes in expensive neighborhoods SEATTLE , Feb. 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — One in five residential properties across 30 of the largest American cities are in economically integrated neighborhoods,
February 17, 2021
Homebuyers and homeowners can use data to understand a home's flood risk over the lifespan of a 30-year mortgage SEATTLE , Feb. 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin ( www.redfin.com ), the technology-powered real estate brokerage, is now publishing flood risk information for nearly
February 12, 2021
Redfin reports median prices rose 15%, pending home sales were up 29%, and new listings fell 11% from the same period a year earlier. SEATTLE , Feb. 12, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price increased 15% year over year to $318,750 , according to a new report from Redfin
February 12, 2021
Pricey homes are most likely to see bidding wars, with more than 65% of homes priced between $800,000 and $1 million facing competition in January, the highest share of any price bucket SEATTLE , Feb. 12, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 55.9% of Redfin offers for homes faced
February 10, 2021
SEATTLE , Feb. 10, 2021 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) will release fourth-quarter and full-year 2020 results after the stock market closes on Wednesday, February 24, 2021 . The company will host a live webcast of its conference call to discuss the results at 1:30 p.m.
February 10, 2021
A Redfin analysis of over 220,000 home sales found no consistent relationship between the addition of low-income housing and changes in nearby home prices in most metros SEATTLE , Feb. 10, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Construction of low-income housing developments has had no consistent
February 10, 2021
Homebuyer interest in million-dollar-plus homes reached a record high in January, reflecting the K-shaped economic recovery that's unequally benefiting affluent Americans SEATTLE , Feb. 10, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 10.8% of saved searches on Redfin.com filtered exclusively
February 09, 2021
Pandemic-driven demand for vacation homes is continuing into 2021 as mortgage applications for second homes see their eighth consecutive month of 80%-plus growth SEATTLE , Feb. 9, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Mortgage applications for second homes soared 84% year over year in January,
February 08, 2021
Brokerage is now displaying the commission for all listings in all available markets, expects greater transparency will create more competition for consumers SEATTLE , Feb. 8, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin ( www.redfin.com ), the technology-powered real estate brokerage, is now
February 05, 2021
New listings were down 12%; active listings of homes for sale were down 36% from a year ago SEATTLE , Feb. 5, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Asking prices of newly-listed homes hit a new all-time record of $330,225 , up 10% from the same time a year ago, according to a new report  from
February 04, 2021
28% of Redfin.com users looked to move to another metro area in 2020, up from 25.5% in 2019, driving double-digit inventory shortages in popular destinations SEATTLE , Feb. 4, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 27.8% of Redfin.com users looked to move to another metro area in 2020,
February 03, 2021
Homebuyer demand is up 60%, as 13% fewer homes are being listed than this time last year SEATTLE , Feb. 3, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The extreme pandemic-driven seller's market is intensifying and will likely last through the first half of the year, according to a new report from Redfin
February 03, 2021
Amazon's recent pledge aims to help address the housing affordability problem in certain areas. Even huge amounts of money - like Amazon's commitment of $2 billion - will only have a minor impact on the share of families who spend more than 30% of their income on rent. SEATTLE , Feb.
January 29, 2021
Last week saw the largest share of pending homes find buyers within 14 days in at least 9 years SEATTLE , Jan. 29, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price increased 15% year over year to $318,280 , according to a new report from Redfin ( redfin.com ), the technology-powered
January 29, 2021
Homes in rural areas are selling a month faster than last year, and prices are up 16% SEATTLE , Jan. 29, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The number of homes for sale in rural areas nationwide started the year down a record 44.4% compared to a year ago, according to a new analysis from Redfin
January 28, 2021
Affluent New Yorkers are flocking to Florida in search of sunshine and lower taxes during the pandemic, fueling the luxury housing markets in West Palm Beach and Miami, where high-end home prices are up 18%. SEATTLE , Jan. 28, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Luxury home sales in West Palm
January 22, 2021
Home prices rose 15% from the same time a year ago SEATTLE , Jan. 22, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price increased 15% year over year to $318,750 , according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.
January 21, 2021
Out-of-towners have bigger budgets than locals in 31 of the 34 cities included in Redfin's analysis, and they're driving up home prices SEATTLE , Jan. 21, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nashville tops the list of cities with the biggest budget difference between out-of-town and local
January 19, 2021
A record 30% of Redfin.com users looked to move to a different metro area SEATTLE , Jan. 19, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 30.3% of Redfin.com users looked to move to a different metro area in the fourth quarter of 2020, according to a new report  from Redfin ( www.redfin.com ),
January 15, 2021
Redfin reports that new listings fell 3%, the first annual decline since July even as pending sales were up 35%. SEATTLE , Jan. 15, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price increased 14% year over year to $320,025 , according to a new report from Redfin ( redfin.com ), the
January 15, 2021
Competition tapered slightly over the holidays, but remained fierce as insufficient housing supply failed to keep up with insatiable demand SEATTLE , Jan. 15, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 49.7% of home offers written by Redfin agents faced bidding wars in December, according to
January 14, 2021
About 1 in 10 home tour requests to Redfin agents are for a remote video tour SEATTLE , Jan. 14, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nearly two thirds (63%) of people who bought a home last year made an offer on a property that they hadn't seen in person, the highest share since at least 2015.
January 14, 2021
Pending-sales growth of 35% far outpaced that of new listings, up 14% SEATTLE , Jan. 14, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home-sale price rose 13% year over year to $334,300 in December, according to a new report from Redfin ( www.redfin.com ), the technology-powered real
January 12, 2021
Twenty-seven percent of homebuyers believe migration will make the country less divided, but the same share believe it will make the country more divided SEATTLE , Jan. 12, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Two-thirds of homebuyers and sellers would consider moving—or already have moved—to a
January 08, 2021
New listings were up just 7% and total active listings were down 32% from 2020. SEATTLE , Jan. 8, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median home sale price increased 13% year over year to $319,000 during the 4-week period ending January 3 , according to a new report from Redfin ( redfin.com
January 06, 2021
RedfinNow gives homeowners a convenient, flexible and safe home-selling option PHOENIX , Jan. 6, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- RedfinNow announced it has launched in the Phoenix metro area, giving homeowners a convenient new way to sell. RedfinNow is the iBuying service from Redfin (