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SEATTLE, July 23, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Listing prices of homes for sale were up 13%, to an all-time high of $328,500 during the four-week period ending July 12, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Redfin noted that some homebuyers are moving to vacation spots such … It also expanded its Direct Access program that lets buyers to self-tour vacant homes listed by Redfin agents.Redfin had 3,377 total employees as of Dec. 31, and employed more than 1,500 lead agents.Subscribe to GeekWire's free newsletters to catch every headlineHave a scoop that you'd like GeekWire to cover? In September, home prices posted the smallest increase in six years, according to the latest data collected from Redfin.. If an extreme example of an errant “zestimate,” the PR debacle points to a curiosity. 98144 home values have gone up 2.3% over the past year and Zillow predicts they will fall -2.0% within the next year. Comparable nearby homes include 11736 87th Ave S, 11216 84th Ave S, and 8715 S 115th Pl. Here’s the real estate rub: Rascoff was Zillow’s CEO. Redfin reports that the average selling price of Seattle houses for sale is $675,000; meaning Seattle house prices are down 0.44 percent from last year. Subscribe to GeekWire's free newsletters to catch every headlineSupport independent journalism at a time when trusted storytelling and community engagement is more important than ever.Microsoft debuts new ‘Halo,’ ‘Fable,’ and more console exclusives for the Xbox Series XRelive the GeekWire Awards, recognizing the best in Seattle and Pacific Northwest techMicrosoft debuts new ‘Halo,’ ‘Fable,’ and more console exclusives for the Xbox Series XRelive the GeekWire Awards, recognizing the best in Seattle and Pacific Northwest tech Seattle-based brokerage Redfin, citing market uncertainty, announced Wednesday in an SEC filing that its home-flipping division would temporarily stop buying new homes. Accuracy matters because many buyers and sellers use their information to price their homes or make purchase offers. By contrast, Zillow provides estimates for more than 110 million homes all across the United States. Expect lower prices when buying an investment property in Seattle.
Based on Redfin's Seattle data, we estimate the home's value is $548,405, which is 0.3% less than its current list price. Homebuying demand, as measured by the annual growth rate in customers going on their first tour with a Redfin agent, took the first few halting steps towards recovery, according to the latest weekly update from Redfin. After a big dip in March, Redfin’s stock price had quadrupled. The top destination for Seattle users was Los Angeles, Calif., while the top destination for San Francisco and Denver users was Seattle.The median sale price for a Seattle metro area home in June was $615,000.Redfin noted that some homebuyers are moving to vacation spots such as Palm Springs permanently as companies implement work-from-home policies amid the pandemic.Redfin pulled data from users who viewed at least 10 homes in a metro area, with those homes making up at least 80% of the user’s searches.Data from Realtor.com shows 18 of the top 50 U.S. real estate metros returning to or passing pre-pandemic levels of market activity, Subscribe to GeekWire's free newsletters to catch every headlineHave a scoop that you'd like GeekWire to cover? Seattle-based real estate company Redfin topped Wall Street estimates for The real estate market is on a roller coaster this year as buying activity slowed due to the pandemic but has rebounded in recent months.“Within the span of a single quarter, year-over-year changes in demand went from -41% to +40%, a level of volatility that I have never seen in nearly 30 years of business,” Redfin CEO Glenn Kelman said in a statement. According to Redfin, median prices declined year-over-year in Seattle (a 1.7% drop), New Orleans and Dallas (both experiencing a decrease of 1%), in addition to three other metros.
SEATTLE, July 23, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — Listing prices of homes for sale were up 13%, to an all-time high of $328,500 during the four-week period ending July 12, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Redfin noted that some homebuyers are moving to vacation spots such … It also expanded its Direct Access program that lets buyers to self-tour vacant homes listed by Redfin agents.Redfin had 3,377 total employees as of Dec. 31, and employed more than 1,500 lead agents.Subscribe to GeekWire's free newsletters to catch every headlineHave a scoop that you'd like GeekWire to cover? In September, home prices posted the smallest increase in six years, according to the latest data collected from Redfin.. If an extreme example of an errant “zestimate,” the PR debacle points to a curiosity. 98144 home values have gone up 2.3% over the past year and Zillow predicts they will fall -2.0% within the next year. Comparable nearby homes include 11736 87th Ave S, 11216 84th Ave S, and 8715 S 115th Pl. Here’s the real estate rub: Rascoff was Zillow’s CEO. Redfin reports that the average selling price of Seattle houses for sale is $675,000; meaning Seattle house prices are down 0.44 percent from last year. Subscribe to GeekWire's free newsletters to catch every headlineSupport independent journalism at a time when trusted storytelling and community engagement is more important than ever.Microsoft debuts new ‘Halo,’ ‘Fable,’ and more console exclusives for the Xbox Series XRelive the GeekWire Awards, recognizing the best in Seattle and Pacific Northwest techMicrosoft debuts new ‘Halo,’ ‘Fable,’ and more console exclusives for the Xbox Series XRelive the GeekWire Awards, recognizing the best in Seattle and Pacific Northwest tech Seattle-based brokerage Redfin, citing market uncertainty, announced Wednesday in an SEC filing that its home-flipping division would temporarily stop buying new homes. Accuracy matters because many buyers and sellers use their information to price their homes or make purchase offers. By contrast, Zillow provides estimates for more than 110 million homes all across the United States. Expect lower prices when buying an investment property in Seattle.
Based on Redfin's Seattle data, we estimate the home's value is $548,405, which is 0.3% less than its current list price. Homebuying demand, as measured by the annual growth rate in customers going on their first tour with a Redfin agent, took the first few halting steps towards recovery, according to the latest weekly update from Redfin. After a big dip in March, Redfin’s stock price had quadrupled. The top destination for Seattle users was Los Angeles, Calif., while the top destination for San Francisco and Denver users was Seattle.The median sale price for a Seattle metro area home in June was $615,000.Redfin noted that some homebuyers are moving to vacation spots such as Palm Springs permanently as companies implement work-from-home policies amid the pandemic.Redfin pulled data from users who viewed at least 10 homes in a metro area, with those homes making up at least 80% of the user’s searches.Data from Realtor.com shows 18 of the top 50 U.S. real estate metros returning to or passing pre-pandemic levels of market activity, Subscribe to GeekWire's free newsletters to catch every headlineHave a scoop that you'd like GeekWire to cover? Seattle-based real estate company Redfin topped Wall Street estimates for The real estate market is on a roller coaster this year as buying activity slowed due to the pandemic but has rebounded in recent months.“Within the span of a single quarter, year-over-year changes in demand went from -41% to +40%, a level of volatility that I have never seen in nearly 30 years of business,” Redfin CEO Glenn Kelman said in a statement. According to Redfin, median prices declined year-over-year in Seattle (a 1.7% drop), New Orleans and Dallas (both experiencing a decrease of 1%), in addition to three other metros.