In our weekly market update, Redfin reported home-buying demand continued to recover last week, as states began making plans to begin to reopen businesses. Here are five additional charts that illustrate the latest developments in the housing market as the world continues to grapple with the coronavirus pandemic. Additional charts and local data are available for download in the Redfin Data Center.
Sellers Continue to Hold Off on Listing
There were almost 53,000 new-home listings last week, down about 40% from a year ago. That’s an improvement from the 50% decline we reported last week. The improvement may be