News Releases

-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 (