Redfin Reports Some Good News For Homebuyers: Slower Price Growth, More Supply and More Bargaining Power
Redfin (NASDAQ: RDFN) reports positive developments for homebuyers in the U.S. housing market. The median home-sale price increased by 3.7% year-over-year during the four weeks ending February 16, marking the smallest increase since September. The average mortgage rate decreased to 6.87%, reaching its lowest level this year.
Market conditions show increased buyer leverage with five months of supply, up from 4.1 months a year earlier, representing the highest level since early 2019. New listings rose 4.2% year-over-year, reaching a three-year high. Homes are selling at 2% below asking price, the largest discount in two years, and taking 57 days to go under contract, the longest period in five years.
In Los Angeles, pending home sales increased 7.4% year-over-year, with new listings up 21.9%, likely influenced by recent Palisades and Eaton wildfires. Market conditions vary by region, with coastal Florida favoring buyers while West Coast and Northeast markets remain seller-dominated.
Redfin (NASDAQ: RDFN) riporta sviluppi positivi per gli acquirenti di case nel mercato immobiliare degli Stati Uniti. Il prezzo medio di vendita delle case è aumentato del 3,7% rispetto all'anno precedente durante le quattro settimane terminate il 16 febbraio, segnando l'aumento più contenuto da settembre. Il tasso medio dei mutui è sceso al 6,87%, raggiungendo il livello più basso di quest'anno.
Le condizioni di mercato mostrano un aumento del potere contrattuale degli acquirenti con cinque mesi di offerta, in aumento rispetto ai 4,1 mesi di un anno fa, rappresentando il livello più alto dalla metà del 2019. Le nuove inserzioni sono aumentate del 4,2% rispetto all'anno precedente, raggiungendo il massimo triennale. Le case vengono vendute a 2% al di sotto del prezzo richiesto, il maggior sconto in due anni, e impiegano 57 giorni per andare sotto contratto, il periodo più lungo in cinque anni.
A Los Angeles, le vendite di case in attesa sono aumentate del 7,4% rispetto all'anno precedente, con nuove inserzioni in aumento del 21,9%, probabilmente influenzate dai recenti incendi di Palisades e Eaton. Le condizioni di mercato variano a seconda della regione, con la Florida costiera che favorisce gli acquirenti, mentre i mercati della West Coast e del Nordest rimangono dominati dai venditori.
Redfin (NASDAQ: RDFN) informa sobre desarrollos positivos para los compradores de vivienda en el mercado inmobiliario de EE. UU. El precio medio de venta de viviendas aumentó un 3,7% interanual durante las cuatro semanas que finalizaron el 16 de febrero, marcando el aumento más pequeño desde septiembre. La tasa media de hipoteca disminuyó al 6,87%, alcanzando su nivel más bajo de este año.
Las condiciones del mercado muestran un aumento en el poder de negociación de los compradores con cinco meses de suministro, en comparación con 4,1 meses hace un año, representando el nivel más alto desde principios de 2019. Las nuevas listas aumentaron un 4,2% interanual, alcanzando un máximo de tres años. Las casas se están vendiendo a 2% por debajo del precio de venta, el mayor descuento en dos años, y tardan 57 días en firmar contrato, el período más largo en cinco años.
En Los Ángeles, las ventas de viviendas pendientes aumentaron un 7,4% interanual, con nuevas listas en aumento del 21,9%, probablemente influenciadas por los recientes incendios de Palisades y Eaton. Las condiciones del mercado varían según la región, con Florida costera favoreciendo a los compradores, mientras que los mercados de la Costa Oeste y el Noreste siguen dominados por los vendedores.
레드핀 (NASDAQ: RDFN)은 미국 주택 시장에서 주택 구매자에게 긍정적인 발전을 보고합니다. 중간 주택 판매 가격은 전년 대비 3.7% 증가했으며, 이는 2월 16일로 끝나는 4주 동안의 수치로, 9월 이후 가장 작은 증가폭입니다. 평균 모기지 금리는 6.87%로, 올해 최저 수준에 도달했습니다.
시장 조건은 5개월의 공급량으로 구매자의 힘이 증가하고 있음을 보여주며, 이는 작년의 4.1개월에서 증가한 것으로, 2019년 초 이후 가장 높은 수준입니다. 새로운 목록은 전년 대비 4.2% 증가하여 3년 만에 최고치를 기록했습니다. 주택은 요청 가격보다 2% 낮은 가격에 판매되고 있으며, 이는 2년 만에 가장 큰 할인이며, 계약 체결까지 57일이 소요되어 5년 만에 가장 긴 기간입니다.
로스앤젤레스에서는 보류 중인 주택 판매가 전년 대비 7.4% 증가했으며, 새로운 목록은 21.9% 증가하여 최근 팔리세이드와 이튼의 산불의 영향을 받았을 가능성이 있습니다. 시장 조건은 지역에 따라 다르며, 플로리다 해안 지역은 구매자에게 유리한 반면, 서부 해안과 북동부 시장은 여전히 판매자 주도입니다.
Redfin (NASDAQ: RDFN) rapporte des développements positifs pour les acheteurs de maisons sur le marché immobilier américain. Le prix médian de vente des maisons a augmenté de 3,7% par rapport à l'année précédente au cours des quatre semaines se terminant le 16 février, marquant la plus petite augmentation depuis septembre. Le taux hypothécaire moyen a diminué à 6,87%, atteignant son niveau le plus bas cette année.
Les conditions du marché montrent un pouvoir accru des acheteurs avec cinq mois d'offre, en hausse par rapport à 4,1 mois un an plus tôt, représentant le niveau le plus élevé depuis début 2019. Les nouvelles annonces ont augmenté de 4,2% par rapport à l'année précédente, atteignant un maximum de trois ans. Les maisons se vendent à 2% en dessous du prix demandé, le plus grand rabais en deux ans, et prennent 57 jours pour être sous contrat, la période la plus longue en cinq ans.
À Los Angeles, les ventes de maisons en attente ont augmenté de 7,4% par rapport à l'année précédente, avec de nouvelles annonces en hausse de 21,9%, probablement influencées par les récents incendies de Palisades et d'Eaton. Les conditions du marché varient selon la région, la Floride côtière favorisant les acheteurs tandis que les marchés de la côte ouest et du nord-est restent dominés par les vendeurs.
Redfin (NASDAQ: RDFN) berichtet über positive Entwicklungen für Käufer auf dem US-Immobilienmarkt. Der mediane Verkaufspreis für Häuser stieg um 3,7% im Jahresvergleich in den vier Wochen bis zum 16. Februar, was den kleinsten Anstieg seit September darstellt. Der durchschnittliche Hypothekenzins fiel auf 6,87%, den niedrigsten Stand in diesem Jahr.
Die Marktbedingungen zeigen ein erhöhtes Käuferverhältnis mit fünf Monaten Angebot, was einem Anstieg von 4,1 Monaten im Vorjahr entspricht und den höchsten Stand seit Anfang 2019 darstellt. Neue Angebote stiegen um 4,2% im Jahresvergleich und erreichten einen Dreijahreshoch. Häuser werden 2% unter dem Angebotspreis verkauft, dem größten Rabatt in zwei Jahren, und benötigen 57 Tage bis zur Vertragsunterzeichnung, die längste Zeitspanne seit fünf Jahren.
In Los Angeles stiegen die ausstehenden Hausverkäufe um 7,4% im Jahresvergleich, während die neuen Angebote um 21,9% zunahmen, was wahrscheinlich durch die jüngsten Brände in Palisades und Eaton beeinflusst wurde. Die Marktbedingungen variieren je nach Region, wobei die Küstenregion Floridas Käufer begünstigt, während die Märkte an der Westküste und im Nordosten weiterhin von Verkäufern dominiert werden.
- Median home-sale price growth slowing to 3.7% YoY
- Mortgage rates decreased to 6.87%, lowest of the year
- New listings increased 4.2% YoY to 3-year high
- Los Angeles pending sales up 7.4% YoY
- Homes taking 57 days to sell, longest in 5 years
- Properties selling 2% below asking price, largest discount in 2 years
- Supply increased to 5 months, highest since early 2019
- Pending home sales declining nationally
Insights
The current housing market presents a complex landscape with several encouraging signals for potential buyers. The deceleration in price growth to
The increase to 5 months of housing supply represents a important market indicator, surpassing the previous year's 4.1 months and reaching levels not seen since early 2019. This supply expansion is particularly significant as it provides buyers with enhanced selection and negotiating leverage. The
Market conditions now favor strategic negotiation, with properties selling at
Regional market variations remain pronounced and important for buyers to understand. The coastal Florida market's shift toward buyer-friendly conditions contrasts sharply with persistent seller advantages in West Coast and Northeast regions. Los Angeles presents a unique case study, with pending sales rising
The market's current state suggests a strategic opportunity for well-prepared buyers, particularly in regions with growing inventory. However, the bifurcation between updated, well-located properties and those requiring renovation indicates that buyer advantage varies significantly by property condition and location. This environment rewards thorough market research and careful property selection, as premium properties in desirable locations continue to command strong prices despite broader market moderation.
The median monthly housing payment remains near record highs, but slowing price growth, declining mortgage rates and a pileup of supply is giving homebuyers in certain parts of the country room to negotiate
While typical monthly housing costs remain near record highs, decelerating price growth and gradually declining rates are among several small pieces of good news for house hunters this week. Here are the others:
- Homebuyers have more total inventory to choose from. There are five months of supply on the market, up from 4.1 months a year earlier and the most since early 2019 (except the 4 weeks ending January 26, when there were 5.1 months). Supply is piling up because listings are rising while pending home sales are falling.
-
Buyers have more new inventory to choose from, too. New listings are up
4.2% year over year to their highest level for any comparable time period in three years. -
Buyers have more negotiating power. The typical home is selling for
2% less than its asking price, the biggest discount in two years. Additionally, the typical home that sells is taking 57 days to go under contract, the longest span in five years. A slow market in which the typical home is selling under list price means buyers in many markets have the opportunity to negotiate on prices and terms.
Some markets are more buyer friendly than others. For example, the coastal
“If a home needs work or it’s priced too high, it’s sitting on the market,” said Cody Brownfield, a Redfin Premier agent in
Pending sales, listings are up in
In
The uptick in housing market activity among both homebuyers and sellers likely stems from January’s Palisades and
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 |
|
Down from |
Down from |
Mortgage News Daily |
Weekly average 30-year fixed mortgage rate |
|
Down from |
Up from |
Freddie Mac |
Mortgage-purchase applications (seasonally adjusted) |
|
Down |
Up |
Mortgage Bankers Association |
Redfin Homebuyer Demand Index (seasonally adjusted) |
|
Near 6-month low (as of week ending Feb. 16) |
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 |
Up
|
Google Trends |
Key housing-market data
Redfin’s national metrics include data from 400+ |
|||
|
Four weeks ending Feb. 16, 2025 |
Year-over-year change |
Notes |
Median sale price |
|
|
Smallest increase in nearly 5 months |
Median asking price |
|
|
|
Median monthly mortgage payment |
|
|
|
Pending sales |
71,454 |
- |
|
New listings |
79,969 |
|
|
Active listings |
912,471 |
|
Smallest increase in nearly a year |
Months of supply |
5 |
+0.9 pts. to second-longest span since early 2019 (there were 5.1 months during the 4 weeks ending Jan. 26) |
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 |
57 |
+7 days to 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. 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 7 metros |
Pending sales |
|
|
Increased in 7 metros |
New listings |
|
|
Declined in 18 metros
|
To view the full report, including charts, please visit: https://www.redfin.com/news/housing-market-update-good-news-for-homebuyers-2025
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/20250220609325/en/
Contact Redfin
Redfin Journalist Services:
Tana Kelley
press@redfin.com
Source: Redfin
FAQ
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