The Typical Homebuyer Pays Roughly 2% Less than the List Price–The Biggest Discount in 2 Years
Redfin (NASDAQ: RDFN) reports that U.S. homebuyers are experiencing the largest discounts in nearly two years, with typical homes selling for 1.8% below asking price. Properties are taking 56 days to go under contract, the longest period in almost five years, with 56% of listings remaining on the market for 60+ days.
The slowdown is primarily attributed to high housing costs, with average 30-year mortgage rates at 6.96% in January and median home prices up 4% year over year. Florida markets show the largest discounts, with homes in West Palm Beach, Fort Lauderdale, and Miami selling around 5% below asking price, influenced by increasing natural disaster risks and rising insurance costs.
Only seven of the 50 most populous U.S. metros see homes selling above asking price, led by San Jose at 3% above list price.
Redfin (NASDAQ: RDFN) riporta che gli acquirenti di case negli Stati Uniti stanno sperimentando i maggiori sconti in quasi due anni, con case tipiche vendute a 1,8% sotto il prezzo richiesto. Le proprietà impiegano 56 giorni per andare sotto contratto, il periodo più lungo in quasi cinque anni, con 56% degli annunci che rimangono sul mercato per oltre 60 giorni.
Il rallentamento è attribuito principalmente all'alto costo delle abitazioni, con i tassi medi dei mutui a 30 anni fissati al 6,96% a gennaio e i prezzi medi delle case aumentati del 4% rispetto all'anno precedente. I mercati della Florida mostrano i maggiori sconti, con case a West Palm Beach, Fort Lauderdale e Miami vendute a circa 5% sotto il prezzo richiesto, influenzate dall'aumento dei rischi di disastri naturali e dall'aumento dei costi assicurativi.
Solo sette delle 50 aree metropolitane più popolose degli Stati Uniti vedono case vendute sopra il prezzo richiesto, guidate da San Jose a 3% sopra il prezzo di listino.
Redfin (NASDAQ: RDFN) informa que los compradores de viviendas en EE. UU. están experimentando los mayores descuentos en casi dos años, con casas típicas vendiéndose a 1.8% por debajo del precio de venta. Las propiedades tardan 56 días en firmar contrato, el período más largo en casi cinco años, con 56% de los anuncios permaneciendo en el mercado por más de 60 días.
La desaceleración se atribuye principalmente a los altos costos de vivienda, con tasas promedio de hipotecas a 30 años en 6.96% en enero y precios medianos de vivienda aumentando un 4% año tras año. Los mercados de Florida muestran los mayores descuentos, con casas en West Palm Beach, Fort Lauderdale y Miami vendiéndose alrededor de 5% por debajo del precio de venta, influenciados por el aumento de los riesgos de desastres naturales y el aumento de los costos de seguros.
Solo siete de las 50 áreas metropolitanas más pobladas de EE. UU. ven casas vendiéndose por encima del precio de venta, encabezadas por San José a 3% por encima del precio de lista.
Redfin (NASDAQ: RDFN)는 미국의 주택 구매자들이 거의 2년 만에 가장 큰 할인을 경험하고 있으며, 전형적인 주택이 요청 가격보다 1.8% 낮은 가격에 판매되고 있다고 보고했습니다. 부동산은 56일이 걸려 계약을 체결하며, 이는 거의 5년 만에 가장 긴 기간으로, 56%의 매물이 60일 이상 시장에 남아 있습니다.
이러한 둔화는 주택 비용이 높기 때문이며, 1월 평균 30년 모기지 금리가 6.96%에 달하고, 중간 주택 가격이 지난해 대비 4% 상승했습니다. 플로리다 시장은 가장 큰 할인을 보이며, 웨스트팜비치, 포트로더데일, 마이애미의 주택은 요청 가격보다 약 5% 낮은 가격에 판매되고 있으며, 이는 자연 재해 위험 증가와 보험 비용 상승의 영향을 받습니다.
미국에서 가장 인구 밀집 지역 50곳 중 단 7곳만이 주택이 요청 가격 이상으로 판매되고 있으며, 샌호세가 리스트 가격보다 3% 높은 가격에 주도하고 있습니다.
Redfin (NASDAQ: RDFN) rapporte que les acheteurs de maisons aux États-Unis connaissent les plus grandes remises depuis près de deux ans, les maisons typiques se vendant 1,8% en dessous du prix demandé. Les propriétés prennent 56 jours pour être sous contrat, la période la plus longue depuis presque cinq ans, avec 56% des annonces restant sur le marché pendant plus de 60 jours.
Ce ralentissement est principalement attribué aux coûts élevés de l'habitat, avec des taux hypothécaires à 30 ans moyens de 6,96% en janvier et des prix médians des maisons en hausse de 4% d'une année sur l'autre. Les marchés de la Floride affichent les plus grands rabais, les maisons à West Palm Beach, Fort Lauderdale et Miami se vendant environ 5% en dessous du prix demandé, influencées par l'augmentation des risques de catastrophes naturelles et la hausse des coûts d'assurance.
Seules sept des 50 plus grandes métropoles américaines voient des maisons se vendre au-dessus du prix demandé, avec San José en tête à 3% au-dessus du prix de liste.
Redfin (NASDAQ: RDFN) berichtet, dass US-Hauskäufer die größten Rabatte seit fast zwei Jahren erleben, wobei typische Häuser 1,8% unter dem Angebotspreis verkauft werden. Immobilien benötigen 56 Tage, um unter Vertrag zu kommen, die längste Zeitspanne seit fast fünf Jahren, wobei 56% der Angebote länger als 60 Tage auf dem Markt bleiben.
Der Rückgang wird hauptsächlich auf hohe Wohnkosten zurückgeführt, mit durchschnittlichen 30-jährigen Hypothekenzinsen von 6,96% im Januar und einem Anstieg der medianen Hauspreise um 4% im Vergleich zum Vorjahr. Die Märkte in Florida zeigen die größten Rabatte, wobei Häuser in West Palm Beach, Fort Lauderdale und Miami etwa 5% unter dem Angebotspreis verkauft werden, beeinflusst durch steigende Risiken von Naturkatastrophen und steigende Versicherungskosten.
Nur sieben der 50 bevölkerungsreichsten US-Metropolen sehen Häuser, die über dem Angebotspreis verkauft werden, angeführt von San Jose mit 3% über dem Listenpreis.
- Median home sale prices increased 4% year over year
- Mortgage rates decreased from 2023's peak of 7.62% to 6.96%
- Homes taking 56 days to sell, longest period in nearly 5 years
- 56% of listings remain unsold after 60+ days
- Average home selling 1.8% below asking price
- Florida markets experiencing significant price discounts up to 5% below asking
Insights
The current real estate market is experiencing a notable shift in pricing dynamics, with the 1.8% average discount to list price marking the largest buyer advantage in two years. This trend signals a significant market rebalancing, particularly evident in high-risk areas like coastal Florida where discounts reach 5%.
The market's regional disparities tell a compelling story about evolving risk factors and investment opportunities. Coastal Florida's steep discounts reflect a complex interplay of climate risks, insurance costs, and changing buyer sentiment. This creates a notable arbitrage opportunity for investors who can effectively manage these risks, though it requires careful consideration of long-term property maintenance costs and insurance premiums.
The 56-day average time to contract reveals a important market inefficiency. Properties are taking longer to sell not just due to high financing costs, but due to a fundamental mismatch between available inventory and buyer preferences. This is particularly evident in the bifurcation between move-in ready homes in desirable locations, which still sell quickly, and properties requiring renovation or in less favorable areas.
The Bay Area's contrasting performance, with homes selling above asking price and faster turnover, underscores the importance of local market dynamics. This divergence from national trends highlights how strong local economies and housing supply can maintain pricing power even in a challenging macro environment.
The 6.96% mortgage rate, while down from 2023 peaks, continues to reshape market dynamics. This rate environment, combined with a 4% year-over-year increase in median sale prices, has created a significant affordability challenge that's likely to persist through 2024. For investors, this suggests opportunities in markets where price adjustments have created value, particularly in regions where economic fundamentals remain strong despite temporary market softness.
Redfin reports many listings are selling for under asking price, and most are lingering on the market.
Redfin data as of January shows that nationwide, buyers may have more room for negotiation than they have in several years:
-
The typical
U.S. home is selling for1.8% less than its asking price, the biggest discount in nearly two years. - The typical home that sells is taking 56 days to go under contract, the longest span in nearly five years.
-
More than half (
56% ) of listings are sitting on the market for at least 60 days without going under contract, roughly the same share during this time of year in 2023 and 2024. That’s down from the prior month, when61% of listings were on the market for at least 60 days–the highest share in five years.
Today’s housing market is slow mostly because it’s so expensive to buy a home. The average 30-year mortgage rate was
The upside of a slow market is that buyers have an opportunity to negotiate on price and terms for certain homes. Redfin agents in some parts of the country report that it feels like a buyer’s market, with sellers of homes that have been sitting on the market for a few weeks open to lowering the price.
Other Redfin agents note that while the pool of unsold inventory is growing and many homes are selling for under asking price, that doesn’t necessarily mean buyers have a big pool of desirable homes to choose from.
“More listings are hitting the market, but they’re not always the type of home buyers want and need,” said Charles Wheeler, a Redfin Premier agent in
In Coastal Florida, Homes Are Selling For Roughly
Homes are selling furthest below their asking price in
Coastal Florida’s housing market has taken a hit as natural disasters become more frequent and intense, causing some would-be buyers to have second thoughts. Climate disasters have also led to a surge in home insurance costs, HOA fees and property taxes in
The typical home is selling for over its asking price in just seven of the 50 most populous
More than
There are five
On the other end of the spectrum is the
To view the full report, including a chart, please visit: https://www.redfin.com/news/homebuyers-paying-under-list-price-stale-inventory
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/20250212502513/en/
Contact Redfin
Redfin Journalist Services:
Ally Forsell, 206-588-6863
press@redfin.com
Source: Redfin
FAQ
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