Day: May 22, 2020

Sellers Continue to Jump Back into the Housing Market as Demand Recovers

We reported today that Redfin’s home-buying demand is nearly 17% higher than it was before the coronavirus pandemic, as states ease stay-at-home restrictions and businesses begin to reopen. Below are four charts that highlight other recent developments in the housing market as COVID-19 continues to transform residential real estate.

Sellers Continue to Jump Back In

New listings were down just 24% to 77,000 homes during the seven-day period ending May 15, an improvement from the 30% drop we reported last week, and the 50% decline we saw in mid-April.

“Some sellers have gotten more comfortable putting their homes on the

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