Redfin Reports New Listings Post Biggest Increase of the Year While Homebuying Demand Declines, Leading to Big Pool of Supply
Redfin (NASDAQ: RDFN) reports a significant 7.9% year-over-year increase in new U.S. home listings during the four weeks ending February 2, marking the largest increase since late last year. However, pending sales declined 8.1% year-over-year, with homebuyer demand remaining near its lowest level since last spring.
The market currently shows 5 months of supply, up from 4.4 months a year earlier, representing the highest level in six years. This increased inventory has led to homes typically selling for 2% below list price, the largest discount in nearly two years. The median monthly housing payment has risen to $2,784, up 8.3% year-over-year, despite mortgage rates dropping below 7% for the first time since mid-December.
Regionally, Pittsburgh led with the highest year-over-year median sale price increase (15.7%), while Austin saw the largest decrease (-5.5%). New listings surged most significantly in Orlando (27.7%), while Detroit experienced the largest decline (-13.9%).
Redfin (NASDAQ: RDFN) riporta un significativo aumento del 7,9% nelle nuove inserzioni di case negli Stati Uniti rispetto all’anno precedente, durante le quattro settimane terminate il 2 febbraio, segnando il maggior incremento da fine dell’anno scorso. Tuttavia, le vendite in attesa sono diminuite dell’8,1% su base annua, con la domanda di acquirenti che rimane vicino al suo livello più basso dai tempi della scorsa primavera.
Il mercato attualmente mostra 5 mesi di offerta, in aumento rispetto ai 4,4 mesi di un anno fa, rappresentando il livello più alto degli ultimi sei anni. Questo aumento di inventario ha portato a case che normalmente vendono per il 2% al di sotto del prezzo di listino, il maggiore sconto in quasi due anni. Il pagamento mensile medio per l'abitazione è salito a $2,784, con un incremento dell'8,3% su base annua, nonostante i tassi ipotecari siano scesi sotto il 7% per la prima volta dalla metà di dicembre.
A livello regionale, Pittsburgh ha registrato il più alto incremento del prezzo di vendita mediano su base annua (15,7%), mentre Austin ha subito la maggiore diminuzione (-5,5%). Le nuove inserzioni sono aumentate in modo significativo a Orlando (27,7%), mentre Detroit ha vissuto il maggiore calo (-13,9%).
Redfin (NASDAQ: RDFN) informa un aumento significativo del 7.9% en las nuevas listas de viviendas en EE. UU. en comparación con el año anterior durante las cuatro semanas que terminaron el 2 de febrero, marcando el mayor incremento desde finales del año pasado. Sin embargo, las ventas pendientes cayeron un 8.1% interanual, con la demanda de compradores de vivienda cerca de su nivel más bajo desde la primavera pasada.
El mercado actualmente muestra 5 meses de suministro, en comparación con 4.4 meses hace un año, lo que representa el nivel más alto en seis años. Este aumento en el inventario ha llevado a que las casas se vendan típicamente por un 2% por debajo del precio de lista, el mayor descuento en casi dos años. El pago mensual medio por vivienda ha aumentado a $2,784, un 8.3% más en comparación con el año anterior, a pesar de que las tasas hipotecarias han caído por debajo del 7% por primera vez desde mediados de diciembre.
A nivel regional, Pittsburgh lideró con el mayor aumento interanual en el precio de venta mediano (15.7%), mientras que Austin experimentó la mayor disminución (-5.5%). Las nuevas listas aumentaron más significativamente en Orlando (27.7%), mientras que Detroit tuvo la mayor caída (-13.9%).
Redfin (NASDAQ: RDFN)는 2월 2일 종료되는 4주 동안 미국 신규 주택 목록이 작년 대비 7.9% 증가했다고 발표하며, 이는 지난해 말 이후 가장 큰 증가폭이다. 그러나 대기 판매는 연간 8.1% 감소했으며, 주택 구매자의 수요는 지난해 봄 이후 가장 낮은 수준을 유지하고 있다.
현재 시장은 5개월의 공급을 보여주며, 이는 작년 4.4개월에서 증가한 수치로, 지난 6년간 가장 높은 수준이다. 이러한 재고 증가로 인해 주택은 일반적으로 목록 가격보다 2% 낮은 가격에 판매되고 있으며, 이는 거의 2년 만에 가장 큰 할인이다. 중위 월세는 $2,784로, 작년 대비 8.3% 상승했으며, 이는 12월 중순 이후 처음으로 모기지 금리가 7% 아래로 떨어진 것에도 불구하고 이루어진 변화다.
지역적으로 피츠버그는 연간 중위 판매 가격 증가율이 가장 높았고(15.7%), 오스틴은 가장 큰 감소(-5.5%)를 기록했다. 신규 목록은 올랜도에서 가장 크게 증가했으며(27.7%), 디트로이트는 가장 큰 감소(-13.9%)를 경험했다.
Redfin (NASDAQ: RDFN) rapporte une augmentation significative de 7,9% des nouvelles inscriptions de maisons aux États-Unis par rapport à l'année dernière, durant les quatre semaines se terminant le 2 février, marquant la plus grande augmentation depuis la fin de l'année dernière. Cependant, les ventes en attente ont diminué de 8,1% par rapport à l'année précédente, la demande des acheteurs restant proche de son niveau le plus bas depuis le printemps dernier.
Le marché affiche actuellement 5 mois de stock, en hausse par rapport à 4,4 mois il y a un an, représentant le niveau le plus élevé depuis six ans. Cette augmentation des stocks a conduit à ce que les maisons se vendent généralement pour 2% en dessous du prix affiché, la plus grande réduction en près de deux ans. Le paiement mensuel médian pour un logement a augmenté à 2 784 $, soit une hausse de 8,3% par rapport à l'année précédente, malgré une baisse des taux hypothécaires en dessous de 7% pour la première fois depuis la mi-décembre.
Régionalement, Pittsburgh a enregistré la plus forte augmentation du prix de vente médian en glissement annuel (15,7%), tandis que Austin a connu la plus grande diminution (-5,5%). Les nouvelles inscriptions ont fortement augmenté à Orlando (27,7%), tandis que Détroit a connu la plus grande baisse (-13,9%).
Redfin (NASDAQ: RDFN) berichtet von einem signifikanten Anstieg der neuen Wohnungsangebote in den USA um 7,9% im Jahresvergleich in den vier Wochen bis zum 2. Februar, was den größten Anstieg seit Ende des letzten Jahres darstellt. Allerdings sind die ausstehenden Verkäufe im Jahresvergleich um 8,1% gesunken, während die Nachfrage der Käufer in der Nähe des niedrigsten Niveaus seit dem letzten Frühling bleibt.
Der Markt zeigt derzeit 5 Monate Angebot, ein Anstieg von 4,4 Monaten im letzten Jahr, was den höchsten Stand seit sechs Jahren darstellt. Dieses gestiegene Angebot hat dazu geführt, dass Häuser typischerweise 2% unter dem Listenpreis verkauft werden, der größte Rabatt seit fast zwei Jahren. Die monatliche Medianzahlung für Wohneigentum ist auf $2,784 gestiegen, was einem Anstieg von 8,3% im Jahresvergleich entspricht, obwohl die Hypothekenzinsen zum ersten Mal seit Mitte Dezember unter 7% gefallen sind.
Regional führte Pittsburgh mit dem höchsten Anstieg des mittleren Verkaufspreises im Jahresvergleich (15,7%), während Austin den größten Rückgang (-5,5%) erlebte. Die neuen Angebote stiegen am stärksten in Orlando (27,7%), während Detroit den größten Rückgang (-13,9%) verzeichnete.
- New listings increased 7.9% year-over-year, highest since late last year
- Mortgage rates dropped below 7% for first time since mid-December
- Active listings up 12.5% year-over-year
- Pending sales down 8.1% year-over-year
- Median monthly housing payment up 8.3% to $2,784
- Homes selling for 2% below list price, largest discount in two years
- Homebuyer demand index near lowest level since last spring
Insights
The housing market is showing clear signs of rebalancing, with several key metrics pointing to a significant shift in market dynamics. The 7.9% year-over-year increase in new listings represents the most substantial rise since late 2024, while the 5 months of supply marks a six-year high in inventory levels. This combination suggests a market correction in progress, though not necessarily a downturn.
The regional data reveals a fascinating dichotomy: while markets like Pittsburgh (+15.7%) and New Brunswick (+12.1%) show robust price appreciation, traditional growth markets like Austin (-5.5%) and Tampa (-3.5%) are experiencing price corrections. This divergence reflects a broader market realignment rather than a uniform national trend.
The 2% below-asking price sales - the largest discount in two years - signals a strategic opportunity for buyers, but the persistently high housing costs (
The supply-demand dynamics are particularly noteworthy in high-growth markets. For instance, Orlando's 27.7% increase in new listings coupled with broader market trends suggests a potential oversupply risk in some regions, which could lead to further price adjustments in the coming months.
The uptick in new listings, along with slow sales, is contributing to a growing pool of supply for homebuyers to choose from. It has also led to the typical home selling for
On the buying side, pending sales have improved marginally from last month, but they’re still down
The uptick in new listings and lack of sales is contributing to a growing pool of supply for homebuyers to choose from. There are 5 months of supply on the market, up from 4.4 months a year earlier and the most in six years, except the prior four-week period. Months of supply is the length of time it would take for the existing supply of homes to be bought up at the market’s current pace; it’s typically used to measure the balance between supply and demand, with a longer span indicating favorable conditions for buyers. The big pool of inventory has led to homes selling for under their asking price: The typical home is selling for
There are several reasons would-be buyers are holding off. First, even though homes are typically selling for under asking price, costs are still near record highs. Stubbornly high home prices and mortgage rates have pushed the median monthly housing payment up to
“Listings are picking up as we inch toward spring,” said Joe Paolazzi, a Redfin Premier agent in
For Redfin economists’ takes on the housing market, please visit Redfin’s “From Our Economists” page.
Leading indicators |
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Indicators of homebuying demand and activity |
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Value (if applicable) |
Recent change |
Year-over-year change |
Source |
Daily average 30-year fixed mortgage rate |
|
First dip below |
Essentially unchanged |
Mortgage News Daily |
Weekly average 30-year fixed mortgage rate |
|
Down from |
Up from |
Freddie Mac |
Mortgage-purchase applications (seasonally adjusted) |
|
Down |
Essentially unchanged (+ |
Mortgage Bankers Association |
Redfin Homebuyer Demand Index (seasonally adjusted) |
|
Near lowest level since July (as of week ending Feb. 2) |
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” |
|
Essentially unchanged from a month earlier (as of Feb. 2) |
Essentially unchanged
|
Google Trends |
Key housing-market data |
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|
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Redfin’s national metrics include data from 400+ |
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|
Four weeks ending Feb. 2, 2025 |
Year-over-year change |
Notes |
Median sale price |
|
|
|
Median asking price |
|
|
|
Median monthly mortgage payment |
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|
|
Pending sales |
65,603 |
- |
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New listings |
76,194 |
|
Biggest increase in 5 weeks |
Active listings |
897,798 |
|
Smallest increase in nearly a year |
Months of supply |
5 |
+0.6 pts. to longest span since Feb. 2019, except the prior 4-week period |
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 |
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Down from |
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Median days on market |
55 |
+6 days to longest span in nearly 5 years |
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Share of homes sold above list price |
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Down from |
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Average sale-to-list price ratio |
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Down from |
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Metro-level highlights: Four weeks ending Feb. 2, 2025
Redfin’s metro-level data includes the 50 most populous |
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Metros with biggest year-over-year increases |
Metros with biggest year-over-year decreases |
Notes |
Median sale price |
|
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Declined in 5 metros |
Pending sales |
|
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Increased in 4 metros |
New listings |
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Declined in 12 metros
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To view the full report, including charts, please visit:
https://www.redfin.com/news/housing-market-update-new-listings-increase-demand-declines
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/20250206457980/en/
Contact Redfin
Redfin Journalist Services:
Tana Kelley
press@redfin.com
Source: Redfin
FAQ
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How much below asking price are homes typically selling for according to RDFN?
