News Releases
Below are other key housing market takeaways for 400+
- Pending home sales were up 38% year over year.
- New listings of homes for sale were up 7% from a year earlier—the smallest increase since July.
- Active listings (the number of homes listed for sale at any point during the period) fell 32% from 2020 to a new all-time low.
- 38% of homes that went under contract had an accepted offer within the first two weeks on the market, well above the 25% rate during the same period a year ago.
- The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, declined slightly to 99.3%—still 1.5 percentage points higher than a year earlier.
- For the week ending
January 3 , the seasonally adjusted Redfin Homebuyer Demand Index—a measure of requests for home tours and other services from Redfin agents—was up 32% from pre-pandemic levels in January and February of 2020. - For the week ending
January 7 , 30-year mortgage rates fell to another new record low of 2.65%.
"The economy faces new challenges in the next few weeks, which are likely to see continued political instability and rising coronavirus cases," said Redfin chief economist
To view the full report, including charts and methodology, please visit: https://www.redfin.com/news/housing-market-prices-up-13/
About Redfin
Redfin (www.redfin.com) is a technology-powered residential real estate company, redefining real estate in the consumer's favor in a commission-driven industry. We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. We offer brokerage, iBuying, mortgage, and title services, and we are the #1 nationwide brokerage website, offering a host of online tools to consumers, including the Redfin Estimate. We represent people buying and selling homes in over 90 markets in
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the
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SOURCE Redfin
Redfin Journalist Services: Isabelle Novak, 414-861-5861, press@redfin.com