Big City Comeback: Homebuyer Competition Is Rising Fastest in the Bay Area, New York
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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US:NASDAQ Investor Relations:
investors.redfin.com/investor-relations
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Source: Business Wire
Redfin reports 57% of homes in San Francisco sold above their list price in February, up from 50% a year earlier—the biggest jump among the top 50 metros. SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Eight of the 50 most populous U.S. metropolitan areas saw an increase in the share of homes selling for above their original list price in February, and half of those metros are in the Bay Area or New York. That’s according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage.In San Francisco, 57.2% of homes that sold went for more than their original list price, up 7.5 percentage points from a year earlier. That’s the biggest jump among the top 50 metros. Next came Nassau County, NY (+4.4 ppts), San Jose, CA (+3.5 ppts), Milwaukee (+2.7 ppts), San Antonio (+2.4 ppts), New York (+2.2 ppts), Portland, OR (+1.4 ppts) and Philadelphia (+0.8 ppts).Homebuyer demand in the Bay Area and New York slowed considerably during the pandemic as people fled major u
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