Redfin Reports September Was a Turning Point For Demand, With Pending Home Sales Flat After 9 Months of Declines and Tours Hitting Highest Level Since April
Redfin reports that pending U.S. home sales were flat year-over-year during the four weeks ending September 29, marking the first time since January that pending sales didn't decline. This improvement is attributed to declining mortgage rates, with the average 30-year rate dropping to 6.08%, its lowest level in two years. The typical homebuyer's mortgage payment decreased to $2,529, a 5.9% year-over-year decline.
Homebuying demand is increasing, with Redfin's Homebuyer Demand Index up 9% month-over-month to its highest level since April. Mortgage-purchase applications are up 10% month-over-month. Pending sales increased year-over-year in 27 of the 50 most populous U.S. metros, with Phoenix leading at a 13% increase. However, some Florida markets are experiencing declines due to climate disasters and rising insurance costs.
New listings have been rising for nearly a year, with a 4.3% increase in the latest report. The median sale price is $383,375, up 4% year-over-year, while the median asking price is $401,700, up 5.3%.
Redfin riporta che le vendite immobiliari in sospeso negli Stati Uniti sono rimaste sostanzialmente stabili rispetto all'anno precedente durante le quattro settimane terminate il 29 settembre, segnando la prima volta da gennaio che le vendite in sospeso non sono diminuite. Questo miglioramento è attribuito ai tassi ipotecari in calo, con il tasso medio a 30 anni che scende al 6,08%, il livello più basso in due anni. Il pagamento ipotecario tipico per un acquirente di casa è diminuito a 2.529 dollari, una riduzione del 5,9% rispetto all'anno precedente.
La domanda di acquisto di case sta aumentando, con il Homebuyer Demand Index di Redfin che è aumentato del 9% mese su mese, raggiungendo il livello più alto da aprile. Le domande di mutui per acquisto sono aumentate del 10% mese su mese. Le vendite in sospeso sono aumentate anno su anno in 27 delle 50 aree metropolitane più popolose degli Stati Uniti, con Phoenix che guida con un aumento del 13%. Tuttavia, alcuni mercati in Florida stanno subendo cali a causa di disastri climatici e dell'aumento dei costi assicurativi.
Le nuove inserzioni sono aumentate per quasi un anno, con un incremento del 4,3% nell'ultimo rapporto. Il prezzo di vendita mediano è di 383.375 dollari, in aumento del 4% rispetto all'anno precedente, mentre il prezzo di richiesta mediano è di 401.700 dollari, in aumento del 5,3%.
Redfin informa que las ventas de viviendas pendientes en EE. UU. se mantuvieron estables año tras año durante las cuatro semanas que terminaron el 29 de septiembre, marcando la primera vez desde enero que las ventas pendientes no disminuyeron. Esta mejora se atribuye a la caída en las tasas hipotecarias, con la tasa promedio a 30 años cayendo al 6.08%, el nivel más bajo en dos años. El pago hipotecario típico de un comprador de vivienda disminuyó a 2,529 dólares, una reducción del 5.9% año tras año.
La demanda de compra de viviendas está aumentando, con el índice de demanda de compradores de Redfin subiendo un 9% mes a mes, alcanzando su nivel más alto desde abril. Las solicitudes de hipoteca para compra han aumentado un 10% mes a mes. Las ventas pendientes aumentaron año tras año en 27 de las 50 áreas metropolitanas más pobladas de EE. UU., siendo Phoenix la que lidera con un aumento del 13%. Sin embargo, algunos mercados en Florida están experimentando caídas debido a desastres climáticos y al aumento de los costos del seguro.
Nuevas listas han estado aumentando durante casi un año, con un incremento del 4.3% en el último informe. El precio de venta mediano es de 383,375 dólares, un aumento del 4% año tras año, mientras que el precio de lista mediano es de 401,700 dólares, un incremento del 5.3%.
레드핀은 미국의 보류 중인 주택 판매가 9월 29일로 끝나는 4주 동안 전년 대비 변동이 없었으며, 이는 1월 이후 처음으로 보류 중인 판매가 감소하지 않은 것이라고 보고했습니다. 이 개선은 주택 담보 대출 금리 하락에 기인하며, 30년 고정 금리의 평균은 6.08%로, 2년 만에 가장 낮은 수준입니다. 일반적인 주택 구매자의 주택 대출 상환액은 2,529달러로, 전년 대비 5.9% 감소했습니다.
주택 구매 수요가 증가하고 있으며, 레드핀의 주택 구매자 수요 지수는 전월 대비 9% 상승하여 4월 이후 가장 높은 수준에 도달했습니다. 주택 구입을 위한 담보 대출 신청도 전월 대비 10% 증가했습니다. 보류 중인 판매는 미국에서 가장 인구가 많은 50개 대도시 중 27곳에서 전년 대비 증가했으며, 피닉스가 13% 증가로 선두를 달리고 있습니다. 그러나 일부 플로리다 시장은 기후 재해와 증가하는 보험 비용으로 인해 하락세를 보이고 있습니다.
새로운 매물은 거의 1년 동안 증가하고 있으며, 최근 보고서에서 4.3% 증가했습니다. 중위 매매 가격은 383,375달러로, 전년 대비 4% 증가했으며, 중위 요청 가격은 401,700달러로 5.3% 상승했습니다.
Redfin rapporte que les ventes de maisons en attente aux États-Unis sont restées stables d'une année sur l'autre pendant les quatre semaines se terminant le 29 septembre, marquant la première fois depuis janvier que les ventes en attente n'ont pas diminué. Cette amélioration est attribuée à la baisse des taux hypothécaires, avec un taux moyen à 30 ans tombant à 6,08%, son niveau le plus bas en deux ans. Le paiement hypothécaire typique pour un acheteur de maison a diminué à 2.529 dollars, une baisse de 5,9% d'une année sur l'autre.
La demande d'achat de maisons augmente, avec l'indice de demande des acheteurs de Redfin en hausse de 9% d'un mois sur l'autre, atteignant son niveau le plus élevé depuis avril. Les demandes de prêts hypothécaires pour l'achat ont augmenté de 10% d'un mois sur l'autre. Les ventes en attente ont augmenté d'une année sur l'autre dans 27 des 50 zones métropolitaines les plus peuplées des États-Unis, Phoenix en tête avec une augmentation de 13%. Cependant, certains marchés en Floride connaissent des baisses en raison de catastrophes climatiques et de l'augmentation des coûts d'assurance.
De nouvelles annonces sont en hausse depuis près d'un an, avec une augmentation de 4,3% dans le dernier rapport. Le prix de vente médian est de 383.375 dollars, en hausse de 4% d'une année sur l'autre, tandis que le prix de demande médian est de 401.700 dollars, en hausse de 5,3%.
Redfin berichtet, dass die laufenden Hausverkäufe in den USA im Jahresvergleich während der vier Wochen bis zum 29. September stabil waren, was das erste Mal seit Januar markiert, dass die laufenden Verkäufe nicht zurückgegangen sind. Diese Verbesserung wird auf sinkende Hypothekenzinsen zurückgeführt, wobei der durchschnittliche Zinssatz für 30 Jahre auf 6,08% gesunken ist, dem niedrigsten Niveau seit zwei Jahren. Die typische Hypothekenzahlung eines Hauskäufers verringerte sich auf 2.529 Dollar, was einem Rückgang von 5,9% im Jahresvergleich entspricht.
Die Nachfrage nach Hauskäufen nimmt zu, wobei der Nachfrageindex für Hauskäufer von Redfin um 9% im Monatsvergleich gestiegen ist und damit den höchsten Stand seit April erreicht hat. Die Anträge auf Hypothekendarlehen für den Erwerb sind im Monatsvergleich um 10% gestiegen. Die laufenden Verkäufe stiegen im Jahresvergleich in 27 der 50 einwohnerreichsten US-Metropolen, wobei Phoenix mit einem Anstieg von 13% an erster Stelle steht. Einige Märkte in Florida verzeichnen jedoch Rückgänge aufgrund von Klimakatastrophen und steigenden Versicherungskosten.
Die neuen Angebote steigen seit fast einem Jahr, mit einem Anstieg von 4,3% im letzten Bericht. Der Medianverkaufspreis beträgt 383.375 Dollar, was einem Anstieg von 4% im Jahresvergleich entspricht, während der mediale Angebotspreis bei 401.700 Dollar liegt, was einem Anstieg von 5,3% entspricht.
- Pending U.S. home sales were flat year-over-year, ending a 9-month decline streak
- Average 30-year mortgage rate dropped to 6.08%, lowest in two years
- Typical homebuyer's mortgage payment decreased 5.9% year-over-year to $2,529
- Redfin's Homebuyer Demand Index up 9% month-over-month, highest since April
- Pending sales increased in 27 of 50 most populous U.S. metros
- New listings up 4.3% year-over-year
- Median sale price up 4% year-over-year to $383,375
- Some Florida markets experiencing significant declines in pending sales (e.g., West Palm Beach -17.7%, Fort Lauderdale -16.4%)
- Active listings up 16.6% year-over-year, indicating potential oversupply
- Share of homes sold above list price down to 26.7% from 31% last year
- Median days on market increased by 7 days year-over-year
Insights
The housing market is showing signs of improvement, which could have positive implications for Redfin (RDFN). Key points include:
- Pending home sales were flat year-over-year, ending a 9-month decline streak
- Redfin's Homebuyer Demand Index is up
9% month-over-month, reaching its highest level since April - Mortgage rates dropped to
6.08% , the lowest in two years, reducing typical mortgage payments by5.9% year-over-year - New listings increased
4.3% year-over-year
These trends suggest a potential uptick in real estate transactions, which could boost Redfin's revenue. However, the market remains challenging with active listings up
The report indicates a shift in the housing market dynamics, with potential implications for various stakeholders:
- Regional variations are significant, with Phoenix, San Jose and Portland seeing the largest increases in pending sales, while Florida markets are experiencing declines
- The average sale-to-list price ratio of
98.9% suggests a slight cooling in bidding wars - The share of homes sold above list price decreased from
31% to26.7% year-over-year - Median days on market increased by 7 days to 39, indicating a slower pace of sales
These trends point to a market that's becoming more balanced, potentially benefiting buyers. For companies like Redfin, this could mean increased transaction volume but potentially lower commission rates. The regional disparities also highlight the importance of a geographically diversified business model in the real estate sector.
On a local level, sales are increasing in most major metros. Other demand indicators, like requests for home tours and mortgage-rate locks, are also improving as mortgage rates drop to their lowest level in two years
Pending sales increased year over year in 27 of the 50 most populous
Homebuying demand at earlier parts of the buying process is improving, too. Redfin’s Homebuyer Demand Index – a measure of tours and other buying services from Redfin agents – is up
Homebuyers are starting to return because housing costs are coming down. The average 30-year mortgage rate dropped to
Declining mortgage rates are also encouraging some homeowners to sell, though that’s not a new trend: Listings have been on the rise for nearly a year, and this week’s
“There’s no doubt demand has picked up since the Fed’s interest-rate cut; I’m seeing much more traffic at my listings. But even though homes are selling, they’re still not typically getting multiple offers,” said Max Shadle, a Redfin Premier agent in
For Redfin economists’ takes on the housing market, please visit Redfin’s “From Our Economists” page.
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 |
|
Lowest level in 2 years |
Down from |
Freddie Mac |
Mortgage-purchase applications (seasonally adjusted) |
|
Increased |
Up |
Mortgage Bankers Association |
Redfin Homebuyer Demand Index (seasonally adjusted) |
|
Highest level since April; up (as of week ending Sept. 29) |
Up
Biggest increase in over a year |
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 down |
ShowingTime, a home touring technology company |
Google searches for “home for sale” |
|
Down |
Down
|
Google Trends |
Key housing-market data
Redfin’s national metrics include data from 400+ |
|||
|
Four weeks ending Sept. 29, 2024 |
Year-over-year change |
Notes |
Median sale price |
|
|
|
Median asking price |
|
|
Biggest increase since February |
Median monthly mortgage payment |
|
- |
Biggest decline since May 2020
Near lowest level since January
Nearly |
Pending sales |
76,034 |
unchanged |
First time since January pending sales haven’t posted a decline |
New listings |
88,254 |
|
|
Active listings |
1,010,788 |
|
Smallest increase since April |
Months of supply |
4.2 |
+0.9 pts. |
Highest level since February
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 |
39 |
+7 days |
|
Share of homes sold above list price |
|
Down from |
|
Average sale-to-list price ratio |
|
-0.4 pts. |
|
Metro-level highlights: Four weeks ending Sept. 29, 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 |
|
|
Declined in 7 metros |
Pending sales |
|
|
Increased in 27 metros |
New listings |
|
|
Declined in 13 metros |
To view the full report, including charts, please visit:
https://www.redfin.com/news/housing-market-update-pending-home-sales-demand-improving
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
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/20241003946101/en/
Redfin Journalist Services:
Tana Kelley
press@redfin.com
Source: Redfin
FAQ
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