Redfin Reports Near-Record Housing Costs Put a Lid on Pending Sales, Even as Early-Stage Demand Picks Up
Redfin (NASDAQ: RDFN) reports that U.S. homebuyers face near-record housing costs, with typical monthly payments at $2,793. Despite mortgage rates easing to 6.65%, housing remains expensive due to persistent high rates and rising sale prices, which increased 3.3% year over year in the four weeks ending March 16.
While pending home sales are down 5.2%, early indicators show increasing interest from potential buyers. Redfin's Homebuyer Demand Index reached its highest level in three months, and home tours are growing faster than in 2024. Mortgage-purchase applications have hit a six-week high, suggesting possible improvement in pending sales if rates decline further.
On the supply side, new listings have increased 5.5% year over year, marking the largest rise in six weeks. The market currently favors buyers, with sellers needing to be more competitive in pricing and presentation.
Redfin (NASDAQ: RDFN) riporta che gli acquirenti di case negli Stati Uniti affrontano costi abitativi quasi record, con pagamenti mensili tipici a $2.793. Nonostante i tassi ipotecari siano scesi al 6,65%, le abitazioni rimangono costose a causa di tassi elevati persistenti e dell'aumento dei prezzi di vendita, che sono aumentati del 3,3% su base annua nelle quattro settimane che si sono concluse il 16 marzo.
Sebbene le vendite di case in attesa siano diminuite del 5,2%, i primi indicatori mostrano un crescente interesse da parte dei potenziali acquirenti. L'Indice di Domanda degli Acquirenti di Redfin ha raggiunto il suo livello più alto in tre mesi e i tour delle case stanno aumentando più rapidamente rispetto al 2024. Le domande di mutuo per l'acquisto hanno raggiunto un massimo di sei settimane, suggerendo un possibile miglioramento nelle vendite in attesa se i tassi scendono ulteriormente.
Dal lato dell'offerta, le nuove inserzioni sono aumentate del 5,5% su base annua, segnando il maggiore incremento in sei settimane. Attualmente, il mercato favorisce gli acquirenti, con i venditori che devono essere più competitivi in termini di prezzo e presentazione.
Redfin (NASDAQ: RDFN) informa que los compradores de viviendas en EE. UU. enfrentan costos de vivienda casi récord, con pagos mensuales típicos de $2,793. A pesar de que las tasas hipotecarias han bajado al 6.65%, la vivienda sigue siendo cara debido a las tasas altas persistentes y el aumento de los precios de venta, que han aumentado un 3.3% interanual en las cuatro semanas que finalizaron el 16 de marzo.
Aunque las ventas de viviendas en espera han disminuido un 5.2%, los primeros indicadores muestran un creciente interés por parte de los posibles compradores. El Índice de Demanda de Compradores de Redfin alcanzó su nivel más alto en tres meses, y los recorridos de casas están creciendo más rápido que en 2024. Las solicitudes de hipoteca para compra han alcanzado un máximo de seis semanas, lo que sugiere una posible mejora en las ventas pendientes si las tasas continúan bajando.
En el lado de la oferta, las nuevas listas han aumentado un 5.5% interanual, marcando el mayor aumento en seis semanas. Actualmente, el mercado favorece a los compradores, con los vendedores necesitando ser más competitivos en precios y presentación.
Redfin (NASDAQ: RDFN)는 미국의 주택 구매자들이 거의 기록적인 주택 비용에 직면하고 있으며, 일반적인 월별 지불액이 $2,793에 달한다고 보고했습니다. 모기지 금리가 6.65%로 완화되었음에도 불구하고, 지속적으로 높은 금리와 상승하는 판매 가격으로 인해 주택은 여전히 비쌉니다. 판매 가격은 3.3% 증가하여 3월 16일로 끝나는 4주 동안 전년 대비 상승했습니다.
보류 중인 주택 판매가 5.2% 감소했지만, 초기 지표는 잠재 구매자들의 관심이 증가하고 있음을 보여줍니다. Redfin의 주택 구매자 수요 지수가 3개월 만에 최고 수준에 도달했으며, 주택 투어는 2024년보다 더 빠르게 증가하고 있습니다. 모기지 구매 신청은 6주 만에 최고치를 기록하여 금리가 더 하락하면 보류 중인 판매가 개선될 가능성을 시사합니다.
공급 측면에서는 새로운 매물 수가 전년 대비 5.5% 증가하여 6주 만에 가장 큰 상승을 기록했습니다. 현재 시장은 구매자에게 유리하며, 판매자는 가격 및 프레젠테이션에서 더 경쟁력을 가져야 합니다.
Redfin (NASDAQ: RDFN) rapporte que les acheteurs de maisons aux États-Unis font face à des coûts de logement presque records, avec des paiements mensuels typiques de 2 793 $. Bien que les taux hypothécaires aient légèrement baissé à 6,65 %, le logement reste cher en raison de taux élevés persistants et de l'augmentation des prix de vente, qui ont augmenté de 3,3 % d'une année sur l'autre au cours des quatre semaines se terminant le 16 mars.
Bien que les ventes de maisons en attente aient diminué de 5,2 %, les premiers indicateurs montrent un intérêt croissant de la part des acheteurs potentiels. L'indice de demande des acheteurs de Redfin a atteint son niveau le plus élevé depuis trois mois, et les visites de maisons augmentent plus rapidement qu'en 2024. Les demandes de prêt hypothécaire pour l'achat ont atteint un maximum de six semaines, ce qui suggère une amélioration possible des ventes en attente si les taux continuent de baisser.
Du côté de l'offre, les nouvelles inscriptions ont augmenté de 5,5 % d'une année sur l'autre, marquant la plus forte hausse en six semaines. Actuellement, le marché favorise les acheteurs, les vendeurs devant être plus compétitifs en matière de prix et de présentation.
Redfin (NASDAQ: RDFN) berichtet, dass US-Hauskäufer mit nahezu rekordverdächtigen Wohnkosten konfrontiert sind, wobei die typischen monatlichen Zahlungen bei 2.793 $ liegen. Obwohl die Hypothekenzinsen auf 6,65% gesenkt wurden, bleibt das Wohnen aufgrund anhaltend hoher Zinsen und steigender Verkaufspreise teuer, die im Jahresvergleich in den vier Wochen bis zum 16. März um 3,3% gestiegen sind.
Während die ausstehenden Hausverkäufe um 5,2% zurückgegangen sind, zeigen frühe Indikatoren ein zunehmendes Interesse von potenziellen Käufern. Der Redfin Homebuyer Demand Index erreichte seinen höchsten Stand seit drei Monaten, und Hausbesichtigungen wachsen schneller als im Jahr 2024. Die Anträge auf Hypothekenkäufe haben ein Sechs-Wochen-Hoch erreicht, was auf eine mögliche Verbesserung der ausstehenden Verkäufe hinweist, wenn die Zinsen weiter fallen.
Auf der Angebotsseite sind die neuen Angebote im Jahresvergleich um 5,5% gestiegen, was den größten Anstieg in sechs Wochen markiert. Der Markt begünstigt derzeit die Käufer, wobei die Verkäufer wettbewerbsfähiger in Preisgestaltung und Präsentation sein müssen.
- Homebuyer Demand Index reached highest level in three months
- New listings increased 5.5% year-over-year
- Mortgage-purchase applications at six-week high
- Home tours growing faster than previous year
- Monthly housing payments near all-time high at $2,793
- Pending home sales down 5.2% year-over-year
- Median home sale prices up 3.3% year-over-year
- Mortgage rates remain elevated at 6.65%
Insights
Redfin's latest market report reveals a housing market at a pivotal juncture. The typical
However, early-stage demand indicators are showing life. Redfin's Homebuyer Demand Index reached its highest level in three months, home tour activity is accelerating faster than in 2024, and mortgage applications have hit a six-week high. These leading indicators suggest potential transaction growth if affordability improves.
The
For Redfin specifically, this mixed environment presents both challenges and opportunities. While the company continues facing headwinds from reduced transaction volumes, the uptick in early-stage demand directly measured by Redfin's own index suggests potential revenue stabilization in coming quarters. The company's technology platform positions it to capture demand as it recovers, but persistent affordability constraints will likely continue limiting near-term transaction growth.
House hunters are touring homes and applying for mortgages as rates stay below
The median home-sale price rose
Lack of affordability is suppressing homebuyer demand, even as we get tantalizingly close to spring. Pending home sales are down
But there are signals that house hunters are stepping off the sidelines, even if they’re not following through with a purchase yet. Redfin’s Homebuyer Demand Index—a seasonally adjusted measure of home tours and other buying services from Redfin agents—hit its highest level in three months, and ShowingTime data shows that home tours are rising faster this year than in 2024. Additionally, seasonally adjusted mortgage-purchase applications are sitting at their highest level in six weeks. Rising demand could translate into an improvement in pending sales in the coming months, especially if mortgage rates decline more. Rates could decline if inflation eases and we see stronger evidence of weak economic data that point toward a recession.
“Some prospective buyers and sellers are still waiting for rates to drop and others are holding off because they’re worried about the economy and losing their job. But others are jumping back in because it’s clear the market isn’t going back to where it was in 2020,” said Heather Mahmood-Corley, a Redfin Premier agent in
On the supply side, new listings are up
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 |
Down from |
Mortgage News Daily |
Weekly average 30-year fixed mortgage rate |
|
Near lowest level since mid-December |
Down from |
Freddie Mac |
Mortgage-purchase applications (seasonally adjusted) |
|
Essentially unchanged (up |
Up |
Mortgage Bankers Association |
Redfin Homebuyer Demand Index (seasonally adjusted) |
|
Highest level since mid-December (as of week ending March 16) |
Up
|
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 |
Up
|
Google Trends |
Key housing-market data
Redfin’s national metrics include data from 400+ |
|||
|
Four weeks ending March 16, 2025 |
Year-over-year change |
Notes |
Median sale price |
|
|
|
Median asking price |
|
|
|
Median monthly mortgage payment |
|
|
|
Pending sales |
80,277 |
- |
|
New listings |
94,113 |
|
|
Active listings |
953,851 |
|
Smallest increase in a year |
Months of supply |
4.1 |
+0.6 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 |
50 |
+7 days |
|
Share of homes sold above list price |
|
Down from |
|
Average sale-to-list price ratio |
|
Down from |
|
Metro-level highlights: Four weeks ending March 16, 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 6 metros |
Pending sales |
|
|
Increased in 8 metros |
New listings |
|
|
Declined in 10 metros
|
To view the full report, including charts and metro-level data, please visit: https://www.redfin.com/news/housing-market-update-high-housing-costs-stall-pending-sales
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/20250320193918/en/
Contact Redfin
Redfin Journalist Services:
Kenneth Applewhaite
press@redfin.com
Source: Redfin
FAQ
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