The supply of homes for sale is picking up in
time for spring homebuying season, and improving inventory is
attracting some buyers
(NASDAQ: RDFN) —The total number of U.S. homes for sale climbed
5% during the four weeks ending March 17, the biggest
year-over-year uptick since May 2023, according to a new report
from Redfin (redfin.com), the technology-powered real estate
brokerage. New listings rose 15%, the biggest increase since June
2021.
The surge in listings is bringing some buyers back to the
market. Mortgage-purchase applications and Redfin’s Homebuyer
Demand Index—a measure of requests for tours and other buying
services from Redfin agents—are each up roughly 9% month over
month.
Increasing inventory has yet to dampen price growth. The median
U.S. home-sale price is up 5.3% year over year, the second-biggest
increase since October 2022, and the median monthly mortgage
payment is just $31 shy of its all-time high due to elevated
mortgage rates and prices. Redfin economists expect mortgage rates
to gradually decline throughout 2024, an outlook that was little
changed in the wake of this week’s Fed press conference, in which
the Fed held interest rates steady.
For more of Redfin economists’ takes on the housing market,
including how current financial events are impacting mortgage
rates, please visit our “From Our Economists” page.
Leading indicators
Indicators of homebuying demand and
activity
Value (if applicable)
Recent change
Year-over-year change
Source
Daily average 30-year fixed mortgage
rate
7.03% (March 20)
Up from 6.92% a week earlier
Up from 6.67%
Mortgage News Daily
Weekly average 30-year fixed mortgage
rate
6.74% (week ending March 14)
Down from 6.88% a week earlier; first
decline after 5 weeks of increases
Up from 6.6%
Freddie Mac
Mortgage-purchase applications
(seasonally adjusted)
Down 1% from a week earlier; up 9% from a
month earlier (as of week ending March 15)
Down 14%
Mortgage Bankers Association
Redfin Homebuyer Demand Index
(seasonally adjusted)
Up 8% from a month earlier (as of week
ending March 17)
Down 5%
Redfin Homebuyer Demand Index, a measure
of requests for tours and other homebuying services from Redfin
agents
Google searches for “home for
sale”
Essentially unchanged from a month earlier
(as of March 18)
Down 18%
Google Trends
Touring activity
Up 29% from the start of the year (as of
March 19)
At this time last year, it was up 19% from
the start of 2023
ShowingTime, a home touring technology
company
Key housing-market data
U.S. highlights: Four weeks ending
March 17, 2024 Redfin’s national metrics include data from 400+
U.S. metro areas, and is based on homes listed and/or sold during
the period. Weekly housing-market data goes back through 2015.
Subject to revision.
Four weeks ending March 17,
2024
Year-over-year change
Notes
Median sale price
$374,047
5.3%
Biggest increase since Oct. 2022
(except the 4 weeks ending Feb. 11, when there was a 5.4%
increase)
Median asking price
$404,273
5.7%
Median monthly mortgage payment
$2,685 at a 6.74% mortgage
rate
8.5%
Just $31 shy of all-time high set
in October 2023
Pending sales
82,464
-4.4%
New listings
88,902
15.1%
Biggest increase since June
2021
Active listings
795,645
4.9%
Biggest increase since May
2023
Months of supply
3.4 months
+0.4 pts.
4 to 5 months of supply is
considered balanced, with a lower number indicating seller’s market
conditions.
Share of homes off market in two
weeks
41.3%
Up from 40%
Median days on market
43
-1 day
Share of homes sold above list
price
25.9%
Up from 25%
Share of homes with a price
drop
5.7%
+1.5 pts.
Average sale-to-list price
ratio
98.7%
+0.3 pts.
Metro-level highlights: Four weeks
ending March 17, 2024 Redfin’s metro-level data includes the 50
most populous U.S. metros. Select metros may be excluded from time
to time to ensure data accuracy.
Metros with biggest year-over- year
increases
Metros with biggest year-over-year
decreases
Notes
Median sale price
San Jose, CA (18.9%)
Miami (15.6%)
West Palm Beach, FL (15.3%)
Newark, NJ (14.6%)
Anaheim, CA (14.5%)
San Antonio, TX (-1.5%)
Declined in just 1 metro
Pending sales
San Francisco (18.1%)
San Jose, CA (16.4%)
Cincinnati (13.7%)
Milwaukee (11.8%)
Austin, TX (8.8%)
Atlanta (-16.1%)
San Antonio, TX (-15.4%)
Houston (-13.8%)
Miami (-13.6%)
Jacksonville, FL (-11.6%)
Increased in 15 metros
New listings
San Jose, CA (40%)
Phoenix (31.9%)
Sacramento, CA (29.9%)
Tampa, FL (28.1%)
Miami (27.6%)
Atlanta (-4.6%)
Chicago (-0.7%)
Declined in just 2 metros
To view the full report, including charts, please visit:
https://www.redfin.com/news/housing-market-update-supply-climbs-prices-increase
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate
company. We help people find a place to live with brokerage,
rentals, lending, title insurance, and renovations services. We run
the country's #1 real estate brokerage site. Our customers can save
thousands in fees while working with a top agent. Our home-buying
customers see homes first with on-demand tours, and our lending and
title services help them close quickly. Customers selling a home
can have our renovations crew fix it up to sell for top dollar. Our
rentals business empowers millions nationwide to find apartments
and houses for rent. Since launching in 2006, we've saved customers
more than $1.6 billion in commissions. We serve more than 100
markets across the U.S. and Canada and employ over 4,000
people.
Redfin’s subsidiaries and affiliated brands include: Bay Equity
Home Loans®, Rent.™, Apartment Guide®, Title Forward® and
WalkScore®.
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 Redfin Data Center. To be added to
Redfin's press release distribution list, email press@redfin.com.
To view Redfin's press center, click here.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240321208047/en/
Redfin Journalist Services: Kenneth Applewhaite, 206-414-8880
press@redfin.com
Redfin (NASDAQ:RDFN)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Redfin (NASDAQ:RDFN)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024