Blog

Home Prices Up 7.6 in January | Redfin

February 5, 2015 by Admin
Share This Post       

 

One consistent trend in housing is that prices fall every January. To get the industry’s earliest indication about January prices, today for the first time Redfin is releasing home price information for the current month. According to data from home sales recorded in the first three weeks of January, the median home price is $266,400, down just 1.2 percent from last month, a mere third of last year’s decline. And the median price is actually up a solid 7.6 percent compared with last January.

So what’s different this January? More people listed their homes for sale in December than in any other December since 2008. That led to a 4.8 percent year-over-year increase in total homes for sale heading into January. That much-needed inventory paired with strong buyer demand led to a solid increase in home prices in January compared with last year.

via Home Prices Up 7.6 Percent in January as Redfin Reports Record-Setting Homebuyer Demand – Research Center | Redfin.

 
 

Topics

 

Popular Posts

 

Current Rates

 

Conventional Refinance
15 Yr. Fixed

As of: October 12, 2018

4.25%
RATE
4.353%
APR

Conventional Refinance
30 Yr. Fixed

As of: October 12, 2018

4.875%
RATE
4.949%
APR

VA Home Loan
30 Yr. Fixed

As of: October 12, 2018

5.000%
RATE
5.199%
APR

FHA
30 Yr. Fixed

As of: October 12, 2018

4.75%
RATE
5.534%
APR

FHA
15 Yr. Fixed

As of: October 12, 2018

4.25%
RATE
5.098%
APR
 
 
 

 

 

Read What People Say

 

JIMMY WILLIAMS

"Very efficient and quick! Loved the fact that everything but the closing was handled from my home computer!"

 
 

Recommended For You

Take a closer look at the loan expertise and customer service that earned us the acclaim of Dallas/Ft. Worth for 10 consecutive years.

FIND A LOAN