Redfin Reports Housing Supply Just Hit a Four-Year High, Partly Because So Many Homes Are Sitting on the Market Unsold
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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investors.redfin.com/investor-relations
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Source: Business Wire
Over half of home listings last month sat on the market for 60 days or longer–the highest November share since 2019. That’s a major reason housing supply jumped 12%. SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Active listings—the total number of homes for sale—climbed to the highest level since 2020 in November on a seasonally adjusted basis, rising 0.5% month over month and 12.1% year over year. For all the talk of America’s housing shortage, one would think that’s great news. But the story is nuanced, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.A major reason for the jump in supply is a pileup of unsold homes, many of which buyers have deemed undesirable because they seem overpriced.Over half (54.5%) of home listings in November sat on the market for at least 60 days without going under contract. That’s the highest share for any November since 2019 and is up from 49.9% a year earlier. The typical home that did go under contract
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News
- America’s Renters Are Moving Less Than Ever, With a Third Staying in the Same Home for at Least 5 YearsBusiness Wire
- Redfin Reports Housing Supply Ends 2024 On the Rise, Up 12% Year Over YearBusiness Wire
- Redfin Reports U.S. Home Prices Rose 0.5% in NovemberBusiness Wire
- Redfin Reports Home Sales Surge by Double Digits in Pricey West Coast MarketsBusiness Wire
- Homebuyers With Kids Are Twice as Likely to Get Family Help for Down Payments Than Those Without KidsBusiness Wire
RDFN
Earnings
- 11/7/24 - Miss
RDFN
Sec Filings
- 12/27/24 - Form 4
- 12/23/24 - Form 144
- 11/26/24 - Form 4
- RDFN's page on the SEC website