Redfin Reports Housing Supply Ends 2024 On the Rise, Up 12% Year Over Year
Redfin (NASDAQ: RDFN) reports that active housing listings increased 12% year-over-year during the four weeks ending December 22, 2024, marking the smallest increase since March. The median sale price rose 6% to $383,725, while pending sales declined 3.4%, marking the first drop in three months. The housing market shows mixed signals with a median monthly mortgage payment of $2,519 at a 6.85% rate, up 7.1% year-over-year.
Regional variations are significant, with Philadelphia leading price increases at 17.1%, while markets like San Antonio saw the largest declines in pending sales (-17.4%) and new listings (-18.3%). The market currently shows 4 months of supply, with homes spending a median of 45 days on market, 6 days longer than the previous year.
Redfin (NASDAQ: RDFN) riporta che le offerte di case attive sono aumentate del 12% anno su anno nelle quattro settimane che si concludono il 22 dicembre 2024, segnando l'aumento più contenuto da marzo. Il prezzo di vendita mediano è salito del 6% a $383.725, mentre le vendite in attesa sono diminuite del 3,4%, segnando il primo calo in tre mesi. Il mercato immobiliare mostra segnali contrastanti con un pagamento mensile medio del mutuo di $2.519 a un tasso del 6,85%, in aumento del 7,1% rispetto all'anno precedente.
Le variazioni regionali sono significative, con Filadelfia che guida gli aumenti di prezzo al 17,1%, mentre mercati come San Antonio hanno registrato i maggiori cali nelle vendite in attesa (-17,4%) e nelle nuove offerte (-18,3%). Attualmente il mercato mostra 4 mesi di offerta, con le case che trascorrono mediamente 45 giorni sul mercato, 6 giorni in più rispetto all'anno precedente.
Redfin (NASDAQ: RDFN) informa que las ofertas de viviendas activas aumentaron un 12% interanual durante las cuatro semanas que finalizaron el 22 de diciembre de 2024, marcando el aumento más pequeño desde marzo. El precio de venta medio subió un 6% a $383,725, mientras que las ventas pendientes cayeron un 3.4%, marcando la primera caída en tres meses. El mercado de la vivienda muestra señales mixtas con un pago mensual medio de hipoteca de $2,519 a una tasa del 6.85%, un aumento del 7.1% interanual.
Las variaciones regionales son significativas, siendo Filadelfia la que lidera los aumentos de precios con un 17.1%, mientras que mercados como San Antonio vieron las mayores caídas en ventas pendientes (-17.4%) y nuevas listas (-18.3%). Actualmente, el mercado muestra 4 meses de suministro, con las casas permaneciendo un promedio de 45 días en el mercado, 6 días más que el año pasado.
레드핀(NASDAQ: RDFN)은 2024년 12월 22일 종료된 4주간 동안 활성 주택 목록이 전년 대비 12% 증가했다고 보고했으며, 이는 3월 이후 가장 작은 증가폭입니다. 중위 판매 가격은 6% 상승하여 $383,725에 이르렀고, 반면에 판매 보류는 3.4% 감소하여 3개월 만에 처음으로 하락세를 보였습니다. 주택 시장은 혼재된 신호를 보이고 있으며, 중위 월별 모기지 지불액은 6.85%의 비율로 $2,519로, 전년 대비 7.1% 증가했습니다.
지역별 변동은 상당한데, 필라델피아가 가격 상승률을 이끌고 있으며 17.1%에 달합니다. 반면 산안토니오는 판매 보류(-17.4%)와 신규 목록(-18.3%)에서 가장 큰 감소를 보였습니다. 현재 시장에는 4개월 공급이 있으며, 주택의 평균 시장 체류 기간은 45일로, 전년 대비 6일 증가했습니다.
Redfin (NASDAQ: RDFN) rapporte que les annonces de logements actifs ont augmenté de 12% d'une année sur l'autre au cours des quatre semaines se terminant le 22 décembre 2024, marquant la plus petite augmentation depuis mars. Le prix de vente médian a augmenté de 6% pour atteindre 383 725 $, tandis que les ventes en attente ont diminué de 3,4%, marquant la première baisse en trois mois. Le marché immobilier montre des signaux mixtes avec un paiement mensuel médian pour les hypothèques de 2 519 $ à un taux de 6,85%, en hausse de 7,1% par rapport à l'année précédente.
Les variations régionales sont significatives, avec Philadelphie en tête des augmentations de prix à 17,1%, tandis que des marchés comme San Antonio ont connu les plus fortes baisses dans les ventes en attente (-17,4%) et les nouvelles annonces (-18,3%). Actuellement, le marché affiche 4 mois de stock, les maisons passant en moyenne 45 jours sur le marché, soit 6 jours de plus que l'année précédente.
Redfin (NASDAQ: RDFN) berichtet, dass die aktiven Wohnungsangebote im Vergleich zum Vorjahr in den vier Wochen bis zum 22. Dezember 2024 um 12% gestiegen sind, was den kleinsten Anstieg seit März darstellt. Der Medianverkaufspreis stieg um 6% auf 383.725 $, während die ausstehenden Verkäufe um 3,4% zurückgingen, was den ersten Rückgang seit drei Monaten markiert. Der Immobilienmarkt zeigt gemischte Signale mit einer monatlichen durchschnittlichen Hypothekenzahlung von 2.519 $ bei einem Zinssatz von 6,85%, was einem Anstieg von 7,1% im Jahresvergleich entspricht.
Regionale Unterschiede sind signifikant, wobei Philadelphia die Preissteigerungen anführt mit 17,1%, während Märkte wie San Antonio die größten Rückgänge bei ausstehenden Verkäufen (-17,4%) und neuen Angeboten (-18,3%) verzeichneten. Der Markt zeigt derzeit einen Bestand von 4 Monaten, wobei Häuser im Median 45 Tage auf dem Markt bleiben, 6 Tage länger als im Vorjahr.
- Active listings increased 12% YoY, indicating improved inventory
- Median sale price rose 6% to $383,725
- Some markets showed strong growth, with Philadelphia posting 17.1% price increase
- Redfin Homebuyer Demand Index up 4% YoY
- Pending sales declined 3.4%, first drop in three months
- Monthly mortgage payments increased 7.1% YoY to $2,519
- Homes taking longer to sell (45 days vs 39 days last year)
- Google searches for 'home for sale' down 26.1% YoY
- Share of homes sold above list price decreased to 23.3% from 25.1% YoY
Insights
The housing market data reveals critical shifts in market dynamics. The 12% year-over-year increase in active listings, combined with homes spending 45 median days on market (6 days longer than last year), signals a gradual market rebalancing. The 4 months supply indicates we're approaching but haven't yet reached a balanced market.
The
The
For Redfin (RDFN), this market data presents mixed implications. The company's position as a tech-driven brokerage means it's particularly sensitive to transaction volumes. The
The divergent regional performance - with some markets showing robust growth while others decline - may impact Redfin's market-specific operational efficiency. The company's technology platform becomes increasingly valuable in managing this complexity, but varying commission revenues across markets could affect profitability. The rising inventory levels might necessitate increased marketing spend to move properties, potentially pressuring margins.
Active listings are rising in part because many homes are lingering on the market, causing supply to pile up
Redfin is taking a break from analysis this week, but please see the tables below for the latest housing-market data. Redfin will be back with full commentary after the holidays.
Note: Some metrics are showing weakness compared to a year earlier due to the timing of the Thanksgiving holiday; the four-week period ending Dec. 22, 2024 that Redfin uses in the final two tables below includes Thanksgiving, while the comparable period a year earlier (four weeks ending Dec. 24, 2023) does not include Thanksgiving.
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 |
|
Up from |
Up from |
Mortgage News Daily |
Weekly average 30-year fixed mortgage rate |
|
Up from |
Up from |
Freddie Mac |
Redfin Homebuyer Demand Index (seasonally adjusted) |
|
|
Up
|
Redfin Homebuyer Demand Index a measure of tours and other homebuying services from Redfin agents |
Touring activity |
|
Down |
At this time last year, it was down |
ShowingTime, a home touring technology company |
Google searches for “home for sale” |
|
Up |
Down
|
Google Trends |
Key housing-market data
Redfin’s national metrics include data from 400+ |
|||
|
Four weeks ending Dec. 22, 2024 |
Year-over-year change |
Notes |
Median sale price |
|
|
|
Median asking price |
|
|
|
Median monthly mortgage payment |
|
|
|
Pending sales |
58,267 |
- |
First drop in three months |
New listings |
54,077 |
|
|
Active listings |
954,703 |
|
Smallest increase since March |
Months of supply |
4 |
+0.6 pt. |
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 |
45 |
+6 days |
|
Share of homes sold above list price |
|
Down from |
|
Average sale-to-list price ratio |
|
-0.1 pt. |
|
Metro-level highlights: Four weeks ending Dec. 22, 2024
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 |
|
N/A |
Declined in 0 metros |
Pending sales |
|
|
Increased in 12 metros
|
New listings |
|
|
Increased in 18 metros |
To view the full report, including charts, please visit:
https://www.redfin.com/news/housing-supply-rises-to-end-2024
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/20241227821144/en/
Contact Redfin
Redfin Journalist Services:
Tana Kelley
press@redfin.com
Source: Redfin
FAQ
What was the year-over-year increase in housing inventory for RDFN in December 2024?
What is the current median home sale price according to Redfin's December 2024 report?
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