News Releases

However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market SEATTLE , Sept. 16, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home-sale price rose 16% year over year to $380,271 in August, according

However, home prices rose 14% from a year earlier. SEATTLE , Sept. 15, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Pending sales climbed 7% during the four-week period ending September 12 , the smallest year-over-year increase since June 2020 , according to a new report from Redfin ( redfin.com ), the

SEATTLE , Sept. 14, 2021 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will attend the following virtual event:     Zelman 2021 Virtual Housing Summit Tuesday, September 21, 2021 About Redfin Redfin ( www.redfin.com ) is a

Competition is easing as homebuyers grow tired of sky-high asking prices and the housing market enters its typical seasonal slowdown SEATTLE , Sept. 13, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —In August, 58.8% of home offers written by Redfin agents faced competition—a record low for 2021, according

However, Redfin reports that rents are climbing rapidly in some places such as many Florida metros, Riverside, CA, Phoenix and Las Vegas SEATTLE , Sept. 10, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- The national median monthly mortgage payment for homebuyers rose 67% faster than rents during the same

Despite declining new listings, strong demand pushed home prices up 14% from a year earlier SEATTLE , Sept. 9, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Strong homebuying demand continued through the end of August, with pending sales up 6% from a year earlier, according to a new report from Redfin (

SEATTLE , Sept. 2, 2021 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event:     Piper Sandler Global Technology Conference Monday, September 13 , at 4:00 p.m.

SEATTLE , Sept. 2, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event:     D.A. Davidson 20th Annual Software and Internet Conference Thursday, September 9 , at 1:30 p.m.

Homes are also taking longer to sell, but prices are up 15% from a year ago SEATTLE , Sept. 1, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- Pending home sales rose 9%, the slowest growth since June 2020 , according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.

RedfinNow makes cash offers for homes, giving consumers a convenient way to sell

ATLANTA , Sept. 1, 2021   /PRNewswire/ -- (NASDAQ: RDFN) -- RedfinNow announced its launch today in the Atlanta and Nashville metro areas. RedfinNow is the iBuying service from Redfin (

Merced, Calif.--an agricultural hub hit hard by the Great Recession--topped the list of U.S. metro areas where teachers had relatively high disposable incomes in 2020 SEATTLE , Aug. 31, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- The five most affordable areas for teachers to purchase homes in 2020 were

Three of the 10 most popular migration destinations in July were in the Sunshine State, which faces high risk from storms and rising sea levels SEATTLE , Aug. 30, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Miami , Sacramento , Phoenix , Las Vegas and Tampa were the most popular migration destinations

Homebuying demand has softened somewhat and the share of home sellers dropping their price each week rose to 5.1%, but pending sales are still 10% above this time last year. SEATTLE , Aug. 25, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The national median home sale price increased 16% year over year to

Redfin analysis finds that the U.S. counties with the largest share of homes facing high heat, drought, fire, flood and storm risk saw their populations grow from 2016-2020 SEATTLE , Aug. 25, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — America's disaster-prone areas are becoming more populous as new

Housing market conditions still improved slightly for homebuyers as competition eased off from the records set in June SEATTLE , Aug. 19, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The median price of homes sold in July was up nearly 20% from a year earlier to a new all-time high of $385,600 , according

As demand eases and sellers adjust their price expectations, the housing market is slowly aligning to typical seasonal patterns SEATTLE , Aug. 18, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The share of homes with price drops has now passed the 5% mark, according to a new report from Redfin ( redfin.com

Primary residence mortgage locks fell for the first time in over two years SEATTLE , Aug. 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Demand for second homes fell 21% year over year in July, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage.

-- 60% of offers written by Redfin agents faced competition in July, down from 67% in June. Competition is still more intense than it was a year ago. -- July's slowdown comes amid a broader cooling in the housing market, which is being driven by an increase in supply.

Price drops reached their highest level since 2019 SEATTLE , Aug. 13, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The share of homes for sale with a price drop rose for the fifteenth consecutive week to 4.9%, according to a new report from Redfin ( redfin.com ), the technology-powered real estate

SEATTLE , Aug. 6, 2021 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced that Chief Executive Officer Glenn Kelman will present at the following virtual event:     22nd Annual KeyBanc Technology Leadership Forum Thursday, August 12 , at 12:40 p.m.

SEATTLE , Aug. 6, 2021 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced that Chief Executive Officer Glenn Kelman will present at the following virtual event:     Oppenheimer 24th Annual Technology, Internet & Communications Conference Tuesday, August 10 , at 10:45 a.m.

The five-month streak of record-setting home prices has ended; supply is inching up SEATTLE , Aug. 6, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- At $362,750 , the median home-sale price did not set a new record high for the first time since early March, according to a new report from Redfin (

SEATTLE , Aug. 5, 2021 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced financial results for the second quarter ended June 30, 2021 . All financial measures, unless otherwise noted, are presented on a GAAP basis and include stock-based compensation, and depreciation and

Homebuyers and homeowners can see data for every neighborhood on Redfin.com in the contiguous U.S., representing over 94 million homes SEATTLE , Aug. 3, 2021 /PRNewswire/ -- (NASDAQ:RDFN) — Redfin ( www.redfin.com ), the technology-powered real estate brokerage, is now publishing climate risk

RedfinNow makes cash offers for homes, giving consumers a convenient and safe way to sell CHICAGO , August 3, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- RedfinNow launched today in the Chicago metro area. RedfinNow gives homeowners a convenient new way to sell a home with Redfin ( www.redfin.com ), the

Luxury-home prices soared 26% year over year in the second quarter, while prices of the most affordable homes grew 19%. Both segments outpaced the rest of the market. SEATTLE , July 30, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- The median sale price of U.S.

Home-selling speed and competition have passed their record-high peaks, meaning the market is starting to feel slightly more welcoming to buyers. But most homes still sell within two weeks and for more than list price. SEATTLE , July 30, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —Key signs are pointing

Homebuyers and sellers in Jackson, MS and the Florida Panhandle can now work with full-service Redfin agents and search for homes on the Redfin website and app SEATTLE , July 28, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- Redfin ( www.redfin.com ), the tech-powered real estate company, today announced

Homebuyers who relocated to Austin during the pandemic paid an average of 7.8% above asking price, versus 3.7% above asking price for locals SEATTLE , July 26, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — People relocating to the Austin area pay an average of 7.8% above asking price for their home, while

Home prices are still up 20% from a year ago even as fewer homes sell. The homes that are selling are sitting on the market longer and selling for less of a premium above list price. SEATTLE , July 23, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The housing market's supply side is gradually gaining

Investors bought up $49 billion worth of homes in the second quarter as surging property prices and rental demand created opportunities for hefty profits SEATTLE , July 22, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Real estate investors purchased 67,943 U.S.

SEATTLE , July 21, 2021 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) will release second-quarter 2021 results after the stock market closes on Thursday, August 5, 2021 . The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m.

Condos are selling above asking price for the first time in at least nine years, and the typical condo is selling in a record 22 days SEATTLE , July 21, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The typical condo in the U.S. sold above its asking price in June for just the second time since at least

Phoenix, Las Vegas and Sacramento are among the most popular destinations as remote work allows people the freedom to move from expensive job centers to more affordable areas SEATTLE , July 20, 2021 /PRNewswire/ -- (NASDAQ: RDFN) Nationwide, 31.1% of Redfin.com users looked to move to a different

Nearly 30% of properties in Asotin--a small Washington county--are at risk of being damaged by currently burning fires SEATTLE , July 16, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — In total, 34,823 homes in rural counties across Washington , Oregon , California and Idaho are at risk of destruction as

Over 4% of homes for sale had price drops, and pending sales are down more than 10% from their 2021 peak SEATTLE , July 16, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The average weekly share of homes for sale with a price drop passed 4% for the first time since September signaling a cool-down in the

Redfin analysis finds affluent American homebuyers benefit from a surging stock market and the flexibility to relocate to more affordable parts of the country SEATTLE , July 15, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nearly one-third (30%) of U.S. home purchases this year were paid for with all

Still, homes sold at their fastest pace and for their highest prices on record SEATTLE , July 15, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Seasonally-adjusted home sales fell 1.2% from May to June, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage.

Redfin reports mortgage-rate locks for second homes fell 11% year over year in June after a year of double- and triple-digit increases SEATTLE , July 14, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The number of buyers who locked in mortgage rates to purchase a second home nationwide fell 11.1% year over

Redfin reports that the bidding-war rate remains higher than it was a year ago, but has dropped to 65% from its peak earlier this year SEATTLE , July 13, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- In June, 65% of home offers written by Redfin agents faced competition, down from a revised rate of 72.1%

More than half of Hispanic homeowners have lived with family without paying rent to help make housing payments, versus 38% of white homeowners. SEATTLE , July 12, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —Hispanic homeowners in the U.S. are more likely than people of other races or ethnicities to

Even though more homes are hitting the market, homebuyers appear to have tapped out of the market as pending sales continued to slip SEATTLE , July 9, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —Sellers are returning to the housing market as the number of homes newly listed for sale surpassed 2019 levels

Home prices in car-dependent areas are up 33% since before the pandemic versus 16% for transit-accessible neighborhoods, reflecting the rise in remote work and the declining importance of proximity to public transportation SEATTLE , July 9, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Home prices in

Redfin Helps New Agents Get Established by Offering a Salary, Benefits, $1,500 Signing Bonus, Training and Mentorship Opportunities SEATTLE , July 8, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin ( www.redfin.com ), the technology-powered real estate brokerage, today announced it has launched a

Some buyers have hit their limit on record-high prices, but others may return to the market with more homes to choose from and less competition. SEATTLE , July 2, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The U.S. housing market lost more steam as summer began, with pending sales continuing their slide

39% of homes are in danger of burning in Utah--the country's fastest growing state--compared with less than 10% in California, Washington and Oregon SEATTLE , June 30, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Two of every five homes (39.4%) in Utah face high fire risk, according to a new report from

A Redfin survey finds 23% of white homeowners report making no financial sacrifices to buy their first home, versus 14% of Black homeowners SEATTLE , June 29, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — There's a measurable difference in the homebuying experience for Black and white buyers, with Black

The typical home sold for its highest price on record, at its fastest pace on record, and for 2.3% above list price, the largest sale price premium on record. SEATTLE , June 25, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The housing market continues to cool as mortgage rates tick up above 3% for the

The year-over-year decline in iBuyer home purchases narrowed to 6% in the first quarter, when iBuyers snatched up 4,383 homes SEATTLE , June 25, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The nation's top iBuying companies purchased 4,383 homes in the first quarter of 2021, according to a new report

Pricey Eastside suburbs are particularly hot: In Bellevue, 88 homes have sold for more than $300,000 over asking price this year, versus just two last year SEATTLE , June 23, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — So far this year, 580 homes in the Seattle metro area have sold for $300,000 or more

Redfin's Homebuyer Demand Index was down 14% from its peak 9 weeks ago, and pending sales have declined 10% from their early May peak. SEATTLE , June 18, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- Fierce competition continues to drive home prices up, but home tours, offers and pending sales have

RedfinNow makes cash offers for homes, giving consumers a convenient and safe way to sell PORTLAND, Ore. , June 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- RedfinNow announced its launch today in the Portland, Oregon metro area. RedfinNow gives homeowners a convenient new way to sell through Redfin

Phoenix, Austin and Sacramento were three of the five most popular migration destinations in May, and they're also among the top five metros with the biggest home-price increases. SEATTLE , June 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 31.4% of Redfin.com users looked to move to a

Home prices were up 24%, a record high due to the dip in home prices at the start of the pandemic a year earlier SEATTLE , June 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home-sale price hit a record high of $377,200 in May, up a record 26% year over year, according to a new

70% of home offers faced bidding wars in May, down from 74% in April. Still, competition remains far more intense than it was a year ago. SEATTLE , June 16, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — In May, 70.4% of home offers written by Redfin agents faced competition, down from a revised rate of

Other leading indicators such as home tours and mortgage purchase applications have also slowed SEATTLE , June 11, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The breakneck pace of the housing market is beginning to slow heading into June, according to a new report from Redfin ( redfin.com ), the

Though mortgage-rate locks for second homes were up nearly 50% year over year in May, high prices and tighter lending rules make vacation-home buyers think twice. SEATTLE , June 10, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The number of buyers who locked in mortgage rates to purchase a second home

The typical home with high flood risk sold for $402,010 in the first quarter--a 14% premium over the typical home with low flood risk SEATTLE , June 9, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The median sale price of homes with high flood risk was $402,010 in the first quarter of 2021, compared with

SEATTLE , June 7, 2021 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event: Nasdaq 44th Investor Conference Tuesday, June 15, 2021 , at 11:00 a.m. EST A link to the live webcast, as well as the

Asking prices leveled off as pending sales--which were rising at this time in 2019--posted a 3% monthly decline. Homes still sold for record prices, at record speeds. SEATTLE , June 4, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The housing market's temperature may be starting to drop by a degree or two,

In April, nearly 74% of Austin homes sold above their asking price, with the typical home selling for $35,000 above its asking price SEATTLE , June 4, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Seventy-two homes in the Austin metro have sold for $300,000 or more above asking price so far this year,

Redfin Customers Saved an Average of $8,200 in Real Estate Fees in 2020 SEATTLE , June 3, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —  Redfin ( www.redfin.com ), the technology-powered real estate brokerage, announced the amount it has saved its brokerage customers has now exceeded $1 billion .

--Purchases of high-end homes jumped 26% in the three months ending April 30, versus a 15% increase for mid-priced homes --Prices of high-end homes also saw a relatively big climb, up 14%, versus a 10% rise for affordable homes --Homes in every price tier are selling in less than 4

SEATTLE , June 1, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event:     Evercore ISI Inaugural TMT Conference Tuesday, June 8, 2021 , at 2:45 p.m.

SEATTLE , June 1, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event:     Stifel 2021 Virtual Cross Sector Insight Conference Thursday, June 10, 2021 , at 4:40 p.m.

SEATTLE , May 28, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — About two-thirds of surveyed Redfin.com users who relocated over the last year have the same or lower housing costs, and almost as many said their new home is the same size or bigger. That's according to a new  report  from Redfin (

Redfin reports home prices keep soaring as pending sales and new listings start a typical seasonal decline SEATTLE , May 28, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — A record high of 51% of homes sold for more than their list price—up from 26% the same period a year earlier—according to a new report

While relocations eased slightly in April from the first quarter, the share of people moving from one part of the country to another is still well above pre-pandemic levels SEATTLE , May 26, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nationwide, 30.6% of Redfin.com users looked to move to a different

--Private outdoor space is the number one feature buyers are looking for this year --Rising prices are buyers' top concern, with double digit price growth every month this year --One-third of buyers are buying sooner than expected; another one-third are buying later SEATTLE , May 25, 2021

Homebuying demand may have peaked for 2021 as pending sales and mortgage purchase applications have both pulled back in recent weeks. SEATTLE , May 21, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- A record high of 50% of homes sold for more than their list price during the four weeks ending May 16 ,

Investors have the highest market share in mid-sized cities including Miami, Charlotte, Las Vegas and Phoenix--places that have been heating up because they're relatively affordable SEATTLE , May 19, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — U.S. home purchases by investors rose 2.7% year over year in

Homes in Portland, OR and Denver are also selling in a handful of days. These and several other record-breaking measures made April a historic month for housing. SEATTLE , May 19, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home-sale price hit a record high of $370,528 in April, up

The trend is reversed in high-tax states, where an average of 2.5 people leave for every one person who moves in SEATTLE , May 18, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — For states with the lowest taxes, an average of four people moved in from other parts of the country for every one person who left

The average sale-to-list price ratio climbed to a record high 101.5% as 49% of homes sold above list price, also a record high. SEATTLE , May 14, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The median home-sale price increased 22% year over year to $350 ,750—an all-time high—according to a new report from

That's up from 45% a year earlier and marks the 12th-straight month in which more than half of home offers encountered competition SEATTLE , May 14, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Nearly three-quarters (72%) of home offers written by Redfin agents in April faced competition, according to a

SEATTLE , May 13, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will attend the following virtual event:     16th Annual Needham Virtual Technology & Media Conference Thursday, May 20, 2021 About Redfin Redfin ( www.redfin.com ) is

Value of properties sold is roughly equal to the GDP of France, or the combined market value of Amazon and Facebook SEATTLE , May 11, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin forecasts a record $2.53 trillion worth of home sales in America in 2021—a 17% year-over-year gain that would mark the

Second-home buyers are out in full force as affluent Americans continue to work remotely from vacation destinations SEATTLE , May 10, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The number of buyers who locked in mortgage rates for second homes soared 178% year over year in April, marking the 11th

Redfin reports home prices rose 21% as the typical home sold for 1.4% above list price after 19 days on market SEATTLE , May 7, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — A record high 21% year-over-year growth rate in the median home-sale price hit $348,500 , according to a new report from Redfin (

SEATTLE , May 5, 2021 /PRNewswire/ --  Redfin Corporation (NASDAQ: RDFN) today announced financial results for the first quarter ended March 31, 2021 . All financial measures, unless otherwise noted, are presented on a GAAP basis and include stock-based compensation, and depreciation and

Redfin reports the average home spent just 20 days on the market before selling--a record low--and new listings of homes for sale were down 12% from 2019 SEATTLE , April 30, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The median home-sale price increased 20% year over year to $347 ,500—an all-time

New construction is taking up a bigger piece of the pie as low mortgage rates and surging homebuyer demand make homebuilding more attractive during the coronavirus pandemic SEATTLE , April 30, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — More than a quarter (25.7%) of single-family homes for sale in

- As vaccines roll out, prices of spacious city dwellings are rising 20% - The pandemic-driven bump in rural properties has peaked - Urban condos are making a comeback with sales up nearly 30% year over year SEATTLE , April 27, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Prices of urban single-family

Homes sell at their fastest pace on record with nearly half off-market within one week SEATTLE , April 23, 2021 /PRNewswire/ -- (NASDAQ: RDFN) —The median home-sale price increased 18% year over year to $344 ,625—an all-time high—according to a new report from Redfin ( redfin.com ), the

RedfinNow makes cash offers for homes, giving consumers a convenient and safe way to sell BOSTON , April 22, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- RedfinNow announced its launch today in the Boston metro area, the first major iBuyer to launch in the market.

SEATTLE , April 21, 2021 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) will release first-quarter 2021 results after the stock market closes on Wednesday, May 5, 2021 . The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m.

Sales of high-end homes are outperforming as wealthy Americans take advantage of steady paychecks, remote work and low mortgage rates during the pandemic SEATTLE , April 21, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Sales of luxury homes in the U.S. rose 41.6% year over year in the first quarter of

With a record share of Redfin.com home searchers looking to move to another metro, out-of-towners are making it difficult for local residents to win bidding wars. The average out-of-towner moving to Phoenix has $630,000 to spend on a home, versus $510,000 for locals.

Compared with homes in primarily white neighborhoods, homes in primarily Black areas have consistently been undervalued by tens of thousands of dollars over the last decade, after accounting for fundamental factors that contribute to home values SEATTLE , April 20, 2021 /PRNewswire/ -- (NASDAQ:

Homes are selling faster than ever, with the typical house getting snatched up in just 23 days SEATTLE , April 16, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- The median home-sale price increased 17% year over year to $341 ,250—an all-time high—according to a new report from Redfin ( redfin.com ), the

The housing market set a slew of records for prices, home-selling speed and competition in March, making it the hottest month for housing since at least 2012 SEATTLE , April 15, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home-sale price hit a record high of $353,000 in March, up 17%

RedfinNow makes cash offers for homes, giving consumers a convenient and safe way to sell TUCSON, April 14, 2021 /PRNewswire/ -- (NASDAQ: RDFN) -- RedfinNow has expanded to the Tucson metro area and reopened in Las Vegas after temporarily pausing operations there due to the pandemic.

-Single-family homes are the most likely to attract bidding wars, but townhomes are catching up as priced-out buyers search for more affordable options -Salt Lake City, Pittsburgh and Las Vegas were among the most competitive markets -Homes listed between $800,000 and $1 million were the most

Nearly two-thirds of U.S. homeowners have spent money to protect their homes against climate risks, with over one-third investing $5,000 or more. Extreme temperatures and flooding are among the top concerns. SEATTLE , April 14, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — One in five Americans (21%)

-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

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

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

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

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

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

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

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.

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

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.

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:

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

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

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

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.

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

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

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 .

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

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

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 (

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

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

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

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

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

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

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

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 (

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 (

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

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

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.

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

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

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.

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

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,

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

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

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

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

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

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,

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

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

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

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.

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

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

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,

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

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

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,

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

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.

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

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

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

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.

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

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 ),

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

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

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.

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

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

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

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 (