{"id":797676,"date":"2025-01-03T08:04:01","date_gmt":"2025-01-03T13:04:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-new-listings-rise-8-giving-the-new-years-buyers-more-homes-to-choose-from\/"},"modified":"2025-01-03T08:04:01","modified_gmt":"2025-01-03T13:04:01","slug":"redfin-reports-new-listings-rise-8-giving-the-new-years-buyers-more-homes-to-choose-from","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-new-listings-rise-8-giving-the-new-years-buyers-more-homes-to-choose-from\/","title":{"rendered":"Redfin Reports New Listings Rise 8%, Giving the New Year\u2019s Buyers More Homes to Choose From"},"content":{"rendered":"

<\/p>\n

Redfin Reports New Listings Rise 8%, Giving the New Year\u2019s Buyers More Homes <\/b>to Choose From<\/b><\/p>\n

Supply increased from a year earlier to close out 2024, while pending home sales posted a small decline as mortgage rates remained near 7%<\/i><\/p>\n

SEATTLE–(BUSINESS WIRE<\/a>)–
\n(NASDAQ: RDFN) \u2014 New listings increased 8% year over year during the four weeks ending December 29, while the total number of homes for sale rose 10%, according to a new report<\/a> from Redfin (redfin.com<\/a>), the technology-powered real estate brokerage.<\/p>\n

\nRedfin is taking a break from analysis this week, but please see the tables below for the latest housing-market data. Redfin will be back with full commentary next week.<\/p>\n

\nFor Redfin economists\u2019 takes on the housing market, please visit Redfin\u2019s \u201cFrom Our Economists<\/a>\u201d page.<\/p>\n

Leading indicators<\/b><\/p>\n\n\n\n\n\n\n\n\n\n
\n

Indicators of homebuying demand and activity<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Value (if applicable)<\/b><\/p>\n<\/td>\n

\n

Recent change<\/b><\/p>\n<\/td>\n

\n

Year-over-year change<\/b><\/p>\n<\/td>\n

\n

Source<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Daily average 30-year fixed mortgage rate<\/b><\/p>\n<\/td>\n

\n

\n7.07% (Jan. 2)<\/p>\n<\/td>\n

\n

\nDown from 7.14% 2 weeks earlier<\/p>\n<\/td>\n

\n

\nUp from 6.7%<\/p>\n<\/td>\n

\n

\nMortgage News Daily<\/p>\n<\/td>\n<\/tr>\n

\n

Weekly average 30-year fixed mortgage rate<\/b><\/p>\n<\/td>\n

\n

\n6.91% (week ending Jan. 2)<\/p>\n<\/td>\n

\n

\nHighest level since July<\/p>\n<\/td>\n

\n

\nUp from 6.61%<\/p>\n<\/td>\n

\n

\nFreddie Mac<\/p>\n<\/td>\n<\/tr>\n

\n

Mortgage-purchase applications (seasonally adjusted)<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nDown 13% from 2 weeks earlier (as of 2 weeks ending Dec. 27)<\/p>\n<\/td>\n

\n

\nDown 17%<\/p>\n<\/td>\n

\n

\nMortgage Bankers Association<\/p>\n<\/td>\n<\/tr>\n

\n

Redfin Homebuyer Demand Index (seasonally adjusted)<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nEssentially unchanged from a month earlier<\/p>\n

\n(as of week ending Dec. 29)<\/p>\n<\/td>\n

\n

\nDown 1%<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nRedfin Homebuyer Demand Index a measure of tours and other homebuying services from Redfin agents<\/p>\n<\/td>\n<\/tr>\n

\n

Touring activity<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nDown 52% from the start of the year (as of Dec. 28)<\/p>\n<\/td>\n

\n

\nAt this time last year, it was down 55% from the start of 2023<\/p>\n<\/td>\n

\n

\nShowingTime, a home touring technology company<\/p>\n<\/td>\n<\/tr>\n

\n

Google searches for \u201chome for sale\u201d<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nUp 30% from a month earlier (as of Dec. 28)<\/p>\n<\/td>\n

\n

\nDown 4%<\/p>\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nGoogle Trends<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Key housing-market data<\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

U.S. highlights: Four weeks ending Dec. 29, 2024<\/b><\/p>\n

Redfin\u2019s national metrics include data from 400+ U.S. metro areas, and is based on homes listed and\/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Four weeks ending Dec. 29, 2024<\/b><\/p>\n<\/td>\n

\n

Year-over-year change<\/b><\/p>\n<\/td>\n

\n

Notes<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Median sale price<\/b><\/p>\n<\/td>\n

\n

\n$383,750<\/p>\n<\/td>\n

\n

\n6.4%<\/p>\n<\/td>\n

\n

\nBiggest increase since October 2022<\/p>\n<\/td>\n<\/tr>\n

\n

Median asking price<\/b><\/p>\n<\/td>\n

\n

\n$373,500<\/p>\n<\/td>\n

\n

\n5.6%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Median monthly mortgage payment<\/b><\/p>\n<\/td>\n

\n

\n$2,515 at a 6.91% mortgage rate<\/p>\n<\/td>\n

\n

\n8.1%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Pending sales<\/b><\/p>\n<\/td>\n

\n

\n54,357<\/p>\n<\/td>\n

\n

\n-1.1%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

New listings<\/b><\/p>\n<\/td>\n

\n

\n48,705<\/p>\n<\/td>\n

\n

\n7.7%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Active listings<\/b><\/p>\n<\/td>\n

\n

\n905,822<\/p>\n<\/td>\n

\n

\n9.7%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Months of supply<\/b><\/p>\n<\/td>\n

\n

\n4.2<\/p>\n<\/td>\n

\n

\n+0.5 pts.<\/p>\n<\/td>\n

\n

\n4 to 5 months of supply<\/a> is considered balanced, with a lower number indicating seller\u2019s market conditions.<\/p>\n<\/td>\n<\/tr>\n

\n

Share of homes off market in two weeks<\/b><\/p>\n<\/td>\n

\n

\n23.7%<\/p>\n<\/td>\n

\n

\nDown from 26%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Median days on market<\/b><\/p>\n<\/td>\n

\n

\n47<\/p>\n<\/td>\n

\n

\n+6 days<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Share of homes sold above list price<\/b><\/p>\n<\/td>\n

\n

\n22.9%<\/p>\n<\/td>\n

\n

\nDown from 24%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Average sale-to-list price ratio<\/b><\/p>\n<\/td>\n

\n

\n98.3%<\/p>\n<\/td>\n

\n

\n-0.1 pt.<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n
\n

Metro-level highlights: Four weeks ending Dec. 29, 2024<\/b><\/p>\n

Redfin\u2019s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Metros with biggest year-over-year increases<\/b><\/p>\n<\/td>\n

\n

Metros with biggest year-over-year decreases<\/b><\/p>\n<\/td>\n

\n

Notes<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Median sale price<\/b><\/p>\n<\/td>\n

\n

\nMilwaukee (17.4%)<\/p>\n

\nCleveland (14.3%)<\/p>\n

\nPhiladelphia (13.5%)<\/p>\n

\nChicago (11.9%)<\/p>\n

\nNassau County, NY (11.8%)<\/p>\n<\/td>\n

\n

\nn\/a<\/p>\n<\/td>\n

\n

\nIncreased in all metros<\/p>\n<\/td>\n<\/tr>\n

\n

Pending sales<\/b><\/p>\n<\/td>\n

\n

\nDetroit (11.9%)<\/p>\n

\nAnaheim, CA (10.4%)<\/p>\n

\nNew Brunswick, NJ (7.5%)<\/p>\n

\nSan Francisco (7.3%)<\/p>\n

\nLos Angeles (4.7%)<\/p>\n<\/td>\n

\n

\nOrlando, FL (-12.4%)<\/p>\n

\nHouston (-9.3%)<\/p>\n

\nSan Antonio (-9%)<\/p>\n

\nFort Lauderdale, FL (-8.9%)<\/p>\n

\nIndianapolis (-5.8%)<\/p>\n<\/td>\n

\n

\nIncreased in 16 metros<\/p>\n

\n\u00a0<\/p>\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

New listings<\/b><\/p>\n<\/td>\n

\n

\nSan Francisco (48%)<\/p>\n

\nOakland, CA (36.6%)<\/p>\n

\nSeattle (21.6%)<\/p>\n

\nVirginia Beach, VA (21.6%)<\/p>\n

\nSan Jose, CA (21.5%)<\/p>\n<\/td>\n

\n

\nSan Antonio (-12.7%)<\/p>\n

\nDetroit (-9.5%)<\/p>\n

\nAustin, TX (-8.4%)<\/p>\n

\nOrlando, FL (-6.2%)<\/p>\n

\nNassau County, NY (-4.6%)<\/p>\n<\/td>\n

\n

\nDeclined in 8 metros<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nTo view the full report, including charts, please visit:
\n
https:\/\/www.redfin.com\/news\/housing-market-update-new-listings-rise-pending-sales-fall<\/a><\/p>\n

About Redfin<\/b><\/p>\n

\nRedfin (www.redfin.com<\/a>) 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 $1.6 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people.<\/p>\n

\nRedfin\u2019s subsidiaries and affiliated brands include: Bay Equity Home Loans\u00ae, Rent.\u2122, Apartment Guide\u00ae, Title Forward\u00ae and WalkScore\u00ae.<\/p>\n

\nFor more information or to contact a local Redfin real estate agent, visit www.redfin.com<\/a>. To learn about housing market trends and download data, visit the Redfin Data Center<\/a>. To be added to Redfin’s press release distribution list, email press@redfin.com<\/a>. To view Redfin’s press center, click here<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250103336668\/en\/<\/a><\/span><\/p>\n

\nContact Redfin
\n
Redfin Journalist Services:
\n
Tana Kelley
\n
press@redfin.com<\/a><\/p>\n

KEYWORDS:<\/b> Washington United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Finance Data Analytics Professional Services Residential Building & Real Estate Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Redfin Reports New Listings Rise 8%, Giving the New Year\u2019s Buyers More Homes to Choose From Supply increased from a year earlier to close out 2024, while pending home sales posted a small decline as mortgage rates remained near 7% SEATTLE–(BUSINESS WIRE)– (NASDAQ: RDFN) \u2014 New listings increased 8% year over year during the four weeks ending December 29, while the total number of homes for sale rose 10%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin is taking a break from analysis this week, but please see the tables below for the latest housing-market data. Redfin will be back with full commentary next week. For Redfin economists\u2019 takes on the housing market, please … <\/p>\n

Continue reading “Redfin Reports New Listings Rise 8%, Giving the New Year\u2019s Buyers More Homes to Choose From”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-797676","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRedfin Reports New Listings Rise 8%, Giving the New Year\u2019s Buyers More Homes to Choose From - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-new-listings-rise-8-giving-the-new-years-buyers-more-homes-to-choose-from\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redfin Reports New Listings Rise 8%, Giving the New Year\u2019s Buyers More Homes to Choose From - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Redfin Reports New Listings Rise 8%, Giving the New Year\u2019s Buyers More Homes to Choose From Supply increased from a year earlier to close out 2024, while pending home sales posted a small decline as mortgage rates remained near 7% SEATTLE–(BUSINESS WIRE)– (NASDAQ: RDFN) \u2014 New listings increased 8% year over year during the four weeks ending December 29, while the total number of homes for sale rose 10%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin is taking a break from analysis this week, but please see the tables below for the latest housing-market data. Redfin will be back with full commentary next week. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-new-listings-rise-8-giving-the-new-years-buyers-more-homes-to-choose-from\/","og_locale":"en_US","og_type":"article","og_title":"Redfin Reports New Listings Rise 8%, Giving the New Year\u2019s Buyers More Homes to Choose From - Market Newsdesk","og_description":"Redfin Reports New Listings Rise 8%, Giving the New Year\u2019s Buyers More Homes to Choose From Supply increased from a year earlier to close out 2024, while pending home sales posted a small decline as mortgage rates remained near 7% SEATTLE–(BUSINESS WIRE)– (NASDAQ: RDFN) \u2014 New listings increased 8% year over year during the four weeks ending December 29, while the total number of homes for sale rose 10%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin is taking a break from analysis this week, but please see the tables below for the latest housing-market data. Redfin will be back with full commentary next week. For Redfin economists\u2019 takes on the housing market, please … Continue reading \"Redfin Reports New Listings Rise 8%, Giving the New Year\u2019s Buyers More Homes to Choose From\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-new-listings-rise-8-giving-the-new-years-buyers-more-homes-to-choose-from\/","og_site_name":"Market Newsdesk","article_published_time":"2025-01-03T13:04:01+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250103336668r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-new-listings-rise-8-giving-the-new-years-buyers-more-homes-to-choose-from\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-new-listings-rise-8-giving-the-new-years-buyers-more-homes-to-choose-from\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Redfin Reports New Listings Rise 8%, Giving the New Year\u2019s Buyers More Homes to Choose From","datePublished":"2025-01-03T13:04:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-new-listings-rise-8-giving-the-new-years-buyers-more-homes-to-choose-from\/"},"wordCount":762,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-new-listings-rise-8-giving-the-new-years-buyers-more-homes-to-choose-from\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250103336668r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-new-listings-rise-8-giving-the-new-years-buyers-more-homes-to-choose-from\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-new-listings-rise-8-giving-the-new-years-buyers-more-homes-to-choose-from\/","name":"Redfin Reports New Listings Rise 8%, Giving the New Year\u2019s Buyers More Homes to Choose From - 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