Redfin Reports Home-Price Growth Slows as Mortgage Rates Dip to Lowest Level in Over 2 Months
Redfin (NASDAQ: RDFN) reports a significant slowdown in U.S. home-price growth, with median prices rising just 3.5% year-over-year during the four weeks ending February 23, marking the smallest increase since September.
The housing market is showing favorable conditions for buyers as mortgage rates have decreased to their lowest level in over two months, dropping from 7.13% to 6.78%. Market indicators show 4.6 months of supply, up from 4 months last year, with homes typically selling for about 2% below asking price.
While Redfin's Homebuyer Demand Index has reached its highest level since the year's start and Google searches for homes have peaked since September, pending home sales remain down 6.2% year-over-year. The typical monthly housing payment remains near its all-time high, just $32 below the peak.
Redfin (NASDAQ: RDFN) riporta un significativo rallentamento nella crescita dei prezzi delle case negli Stati Uniti, con i prezzi mediani che sono aumentati solo del 3,5% su base annua nelle quattro settimane che si sono concluse il 23 febbraio, segnando l'aumento più piccolo da settembre.
Il mercato immobiliare mostra condizioni favorevoli per gli acquirenti poiché i tassi di interesse sui mutui sono scesi al livello più basso in oltre due mesi, passando dal 7,13% al 6,78%. Gli indicatori di mercato mostrano 4,6 mesi di offerta, in aumento rispetto ai 4 mesi dello scorso anno, con le case che di solito vengono vendute a circa 2% al di sotto del prezzo richiesto.
Sebbene l'Indice di Domanda degli Acquirenti di Redfin abbia raggiunto il livello più alto dall'inizio dell'anno e le ricerche su Google per le case abbiano raggiunto il picco da settembre, le vendite di case in attesa sono diminuite del 6,2% su base annua. Il pagamento mensile tipico per l'abitazione rimane vicino al suo massimo storico, a soli 32 dollari al di sotto del picco.
Redfin (NASDAQ: RDFN) informa sobre una desaceleración significativa en el crecimiento de los precios de las casas en EE. UU., con precios medianos que solo aumentaron un 3.5% interanual durante las cuatro semanas que terminaron el 23 de febrero, marcando el aumento más pequeño desde septiembre.
El mercado de la vivienda muestra condiciones favorables para los compradores, ya que las tasas hipotecarias han disminuido a su nivel más bajo en más de dos meses, cayendo del 7.13% al 6.78%. Los indicadores del mercado muestran 4.6 meses de suministro, por encima de los 4 meses del año pasado, con casas que generalmente se venden por aproximadamente 2% por debajo del precio solicitado.
Aunque el Índice de Demanda de Compradores de Redfin ha alcanzado su nivel más alto desde el comienzo del año y las búsquedas en Google de casas han alcanzado su punto máximo desde septiembre, las ventas de casas pendientes han disminuido un 6.2% interanual. El pago mensual típico de la vivienda se mantiene cerca de su máximo histórico, a solo 32 dólares por debajo del pico.
레드핀 (NASDAQ: RDFN)은 미국 주택 가격 성장의 상당한 둔화를 보고하며, 중간 가격이 2월 23일로 끝나는 4주 동안 전년 대비 3.5%만 상승했다고 전했습니다. 이는 9월 이후 가장 작은 증가폭입니다.
주택 시장은 모기지 이자율이 2개월 이상 만에 최저 수준으로 떨어지면서 구매자에게 유리한 조건을 보여줍니다. 이자율은 7.13%에서 6.78%로 하락했습니다. 시장 지표는 4.6개월의 공급량을 보여주며, 이는 작년의 4개월에서 증가한 수치입니다. 주택은 일반적으로 요청 가격보다 약 2% 낮은 가격에 판매되고 있습니다.
레드핀의 주택 구매자 수요 지수가 올해 들어 가장 높은 수준에 도달했으며, 구글에서 주택 검색이 9월 이후 가장 높은 수준에 도달했지만, 보류 중인 주택 판매는 전년 대비 6.2% 감소했습니다. 일반적인 월 주택 지불액은 역사적 최고치에 가까워져 있으며, 최고치보다 단 32달러 낮습니다.
Redfin (NASDAQ: RDFN) rapporte un ralentissement significatif de la croissance des prix des maisons aux États-Unis, avec des prix médians n'augmentant que de 3,5% d'une année sur l'autre au cours des quatre semaines se terminant le 23 février, marquant la plus petite augmentation depuis septembre.
Le marché immobilier montre des conditions favorables pour les acheteurs, car les taux hypothécaires ont diminué à leur niveau le plus bas depuis plus de deux mois, passant de 7,13% à 6,78%. Les indicateurs du marché montrent 4,6 mois d'offre, en hausse par rapport à 4 mois l'année dernière, les maisons se vendant généralement à environ 2% en dessous du prix demandé.
Bien que l'indice de demande des acheteurs de Redfin ait atteint son plus haut niveau depuis le début de l'année et que les recherches Google pour des maisons aient atteint leur pic depuis septembre, les ventes de maisons en attente ont diminué de 6,2% d'une année sur l'autre. Le paiement mensuel typique pour le logement reste proche de son niveau record, à seulement 32 dollars en dessous du pic.
Redfin (NASDAQ: RDFN) berichtet von einer signifikanten Verlangsamung des Wachstums der Hauspreise in den USA, wobei die Medianpreise im Jahresvergleich nur um 3,5% in den vier Wochen bis zum 23. Februar gestiegen sind, was den kleinsten Anstieg seit September markiert.
Der Wohnungsmarkt zeigt günstige Bedingungen für Käufer, da die Hypothekenzinsen auf den niedrigsten Stand seit über zwei Monaten gesunken sind, von 7,13% auf 6,78%. Marktindikatoren zeigen 4,6 Monate Angebot, ein Anstieg von 4 Monaten im letzten Jahr, wobei Häuser in der Regel etwa 2% unter dem Angebotspreis verkauft werden.
Obwohl der Käufernachfrageindex von Redfin den höchsten Stand seit Jahresbeginn erreicht hat und die Google-Suchen nach Häusern seit September ihren Höhepunkt erreicht haben, sind die ausstehenden Hausverkäufe um 6,2% im Jahresvergleich gesunken. Die typischen monatlichen Wohnkosten liegen nahe dem Allzeithoch, nur 32 Dollar unter dem Höchststand.
- Mortgage rates decreased from 7.13% to 6.78%
- Homebuyer Demand Index at highest level since year start
- Google searches for 'homes for sale' at highest since September
- Buyers have more negotiating power with increased supply
- Home-sale price growth slowed to just 3.5% YoY
- Pending home sales down 6.2% YoY
- Monthly housing payment near all-time high
- New listings up only 2.4% YoY, smallest gain in a month
Insights
Redfin's latest housing market report signals potential shifts in the company's transaction volume outlook for 2025. The 3.5% year-over-year home price growth - the smallest increase since September - combined with mortgage rates dropping from
The early-stage demand metrics show promising signs: Redfin's Homebuyer Demand Index has reached its highest level this year, and Google searches for "homes for sale" have peaked since September. However, these leading indicators haven't yet translated to sales, with pending transactions still down
For RDFN investors, this environment presents a transitional period with conflicting signals. The company's transaction-based revenue model benefits from increased market activity, but faces headwinds from slower price appreciation, which affects commission values. The 4.6 months of housing supply (up from 4 months last year) suggests improving inventory conditions that could eventually support transaction growth.
Particularly noteworthy is the market segmentation emerging in Redfin's data: entry-level homes under
The cautionary advice from Redfin agents about acting before potential rate increases suggests the company is positioning for a potential spring surge in activity. However, the modest
Some Redfin agents are advising prospective buyers to get serious now as mortgage rates decline and the housing market tilts in buyers’ favor
In addition to a bit of cost relief, another factor is working in buyers’ favor. House hunters have a bit more power to negotiate on sale price and terms as supply piles up in some parts of the country. There are 4.6 months of supply on the market, up from 4 months at this time last year, and the typical home is selling for roughly
There are signs that slowing price growth, declining rates and more favorable conditions are bringing some house hunters back to the market. Redfin’s Homebuyer Demand Index—a seasonally adjusted measure of tours and other buying services from Redfin agents—has jumped to its highest level since the start of the year, and Google searches of “homes for sale” nationwide have hit their highest level since September.
But home sales have yet to improve. Pending home sales are down
Redfin agents in some parts of the
“My advice to buyers: If you’re thinking of purchasing a home in the next six months, don’t wait until the flowers start blooming,” said Alison Williams, a Redfin Premier agent in
For Redfin economists’ takes on the housing market, please visit Redfin’s “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 |
|
Lowest level since Dec. 10 |
Down from |
Mortgage News Daily |
Weekly average 30-year fixed mortgage rate |
|
Lowest level in 2 months |
Down from |
Freddie Mac |
Mortgage-purchase applications (seasonally adjusted) |
|
Unchanged from a week earlier (as of week ending Feb. 21) |
Up |
Mortgage Bankers Association |
Redfin Homebuyer Demand Index (seasonally adjusted) |
|
Up |
Down
|
Redfin Homebuyer Demand Index, a measure of tours and other homebuying services from Redfin agents |
Touring activity |
|
Up |
At this time last year, it was up |
ShowingTime, a home touring technology company |
Google searches for “home for sale” |
|
Up over |
Up
|
Google Trends |
Key housing-market data
Redfin’s national metrics include data from 400+ |
|||
|
Four weeks ending Feb. 23, 2025 |
Year-over-year change |
Notes |
Median sale price |
|
|
Smallest increase since September |
Median asking price |
|
|
|
Median monthly mortgage payment |
|
|
|
Pending sales |
73,415 |
- |
|
New listings |
81,553 |
|
|
Active listings |
907,659 |
|
Smallest increase in nearly a year |
Months of supply |
4.6 |
+0.7 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 |
|
Down from |
|
Median days on market |
56 |
+6 days; near longest span since March 2020 |
|
Share of homes sold above list price |
|
Down from |
|
Average sale-to-list price ratio |
|
Down from |
|
Metro-level highlights: Four weeks ending Feb. 23, 2025
Redfin’s metro-level data includes the 50 most populous |
|||
|
Metros with biggest year-over-year increases |
Metros with biggest year-over-year decreases |
Notes |
Median sale price |
|
|
Declined in 4 metros |
Pending sales |
|
|
Increased in 6 metros |
New listings |
|
|
Increased in 19 metros
|
To view the full report, including charts, please visit:
https://www.redfin.com/news/housing-market-update-early-stage-demand-improves-rates-fall
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, and title insurance 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. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than
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/20250227416279/en/
Contact Redfin
Redfin Journalist Services:
Tana Kelley
press@redfin.com
Source: Redfin