Red Fin

• • Home prices ticked up 0.1% month over month on a seasonally adjusted basis. 
  • Prices rose 1.9% on a year-over-year basis–the slowest growth rate on record. 
  • On a local level, prices fell in 13 major metros month over month, with the biggest declines in Texas and the biggest increase in San Francisco. 

U.S. home prices inched up 0.1% month over month in March on a seasonally adjusted basis, the third straight month of the same increase. 

Prices rose 1.7% from a year earlier, the slowest year-over-year growth rate in records dating back to 2012. Home-price growth has been slowing since the start of 2025. 

This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in single-family home prices. The RHPI measures how sale prices of homes have changed since their previous sale—similar to the S&P Cotality Case-Shiller Home Price Indices—but is reported about a month earlier. March data covers the three months ending March 31, 2026. Read the full RHPI methodology here.

Home-price growth has slowed this year on a year-over-year basis because demand is tepid. Many would-be buyers have backed off due to high mortgage rates and uncertainty about the U.S. economy and the Iran war. Mortgage rates rose from 6% to 6.4% in March, largely because the Iran war pushed up oil prices and pushed markets into turmoil. 

But prices are still rising, not falling, because new listings of homes for sale are declining. There are still hundreds of thousands more home sellers than buyers in the market, but now some homeowners are opting to stay put rather than list their home into a soft market. 

“Price growth is losing steam, with the slowest annual gains we’ve seen in a decade–in line with our expectations for the year,” said Chen Zhao, Redfin’s head of economics research. “High mortgage rates and global uncertainty are causing some would-be buyers to back off, which is putting a lid on home prices. While that can be frustrating for homeowners hoping to sell, it’s the start of a reset for the housing market as a whole, and may ultimately bring homebuying costs down enough to bring some house hunters back.”

Home Prices Are Falling in 13 Major Metros, Led by Fort Worth and Austin

 

Home prices fell in 13 major U.S. metros month over month on a seasonally adjusted basis in March. Redfin analyzed the 50 most populous metro areas and included in this analysis the 46 with sufficient data.

The biggest declines were in Fort Worth, TX (-0.8%) and Austin, TX (-0.7%). Next come Nashville, TN (-0.6%), Oakland, CA (-0.6%) and Phoenix (-0.3%). The biggest increases were in Pittsburgh (2.8%), West Palm Beach, FL (2.1%), Nassau County, NY (1.4%), Chicago (1.3%) and San Francisco (1.2%). 

The biggest year-over-year price declines were in San Antonio (-4.1%), Jacksonville, FL (-3.5%) and Austin (-3%). The biggest gains were in San Francisco (13%), Chicago (10.7%) and New York (9.2%). Prices are soaring in San Francisco largely because of the AI boom. 

Metro-Level Summary: Redfin Home Price Index, March 2026
U.S. metro area	Month-over-month change (seasonally adjusted)	Year-over-year change
Anaheim, CA	0.2%	3.2%
Austin, TX	-0.7%	-3.0%
Baltimore, MD	0.8%	2.9%
Boston, MA	0.5%	3.6%
Chicago, IL	1.3%	10.7%
Cincinnati, OH	0.6%	3.9%
Cleveland, OH	0.5%	5.9%
Columbus, OH	0.1%	-0.4%
Dallas, TX	0.0%	-2.9%
Denver, CO	0.1%	-0.3%
Detroit, MI	-0.1%	6.2%
Fort Lauderdale, FL	1.2%	2.2%
Fort Worth, TX	-0.8%	-0.4%
Houston, TX	0.3%	-1.6%
Indianapolis, IN	0.2%	0.8%
Jacksonville, FL	0.3%	-3.5%
Las Vegas, NV	0.0%	-0.6%
Los Angeles, CA	0.7%	0.2%
Miami, FL	0.5%	2.1%
Milwaukee, WI	0.5%	9.1%
Minneapolis, MN	0.3%	1.2%
Montgomery County, PA	0.8%	7.1%
Nashville, TN	-0.6%	-0.3%
Nassau County, NY	1.4%	7.9%
New Brunswick, NJ	1.1%	7.6%
New York, NY	0.9%	9.2%
Newark, NJ	0.8%	7.2%
Oakland, CA	-0.6%	1.1%
Orlando, FL	-0.1%	-0.6%
Philadelphia, PA	-0.1%	6.2%
Phoenix, AZ	-0.3%	-0.9%
Pittsburgh, PA	2.8%	5.6%
Portland, OR	-0.1%	-0.4%
Providence, RI	1.0%	4.9%
Riverside, CA	0.2%	-1.2%
Sacramento, CA	-0.2%	-0.6%
San Antonio, TX	-0.2%	-4.1%
San Diego, CA	0.7%	1.4%
San Francisco, CA	1.2%	13.0%
San Jose, CA	0.5%	2.7%
Seattle, WA	0.5%	-0.3%
Tampa, FL	0.3%	2.5%
Virginia Beach, VA	0.7%	4.3%
Warren, MI	-0.3%	4.2%
Washington, DC	0.2%	0.8%
West Palm Beach, FL	2.1%	-0.9%

The post U.S. Home Prices Inched Up 0.1% in March appeared first on Redfin Real Estate News.

• Nationally, sellers outnumber buyers by 43%—just shy of the largest gap in records dating back to 2013. When sellers outnumber buyers, the buyers who are in the market have bargaining power.

• 38 of the most populous metro areas were buyer’s markets in March, up from 29 a year earlier. Just five were seller’s markets, down from nine in 2025.

• Home prices rose 5% across seller’s markets last month, compared with a 2% increase in buyer’s markets.

There were an estimated 43.1% more home sellers than buyers in the U.S. housing market in March (or 600,168 more, in numerical terms). That’s just shy of the largest gap in records dating back to 2013 and is up from 28% (or 432,532) a year earlier. The largest gap on record is 45.2% in December 2025.

 

We define a market where there are over 10% more sellers than buyers as a buyer’s market and a market where there are over 10% fewer sellers than buyers as a seller’s market. A market where the gap is plus or minus 10% is considered a balanced market. By this definition, it has been a buyer’s market since May 2024. 

When sellers outnumber buyers, buyers typically hold the negotiating power because they have options. That’s why a market with a lot more sellers than buyers is considered a buyer’s market. Of course, it’s only a buyer’s market for those who can afford to buy. High housing costs and economic uncertainty have caused many house hunters to retreat, creating an imbalance of buyers and sellers. 

“High property taxes, rising insurance costs and fears about job security are making homebuyers very selective,” said Barb Cooper, a Redfin Premier real estate agent in Austin, TX, where sellers outnumber buyers by 112%. “The buyers who are in the market want turnkey homes in every sense, and they can afford to wait without compromising because we have tons of inventory.”

We estimated the number of buyers using proprietary Redfin data on the typical time from a buyer’s first tour to close of purchase, and MLS data on active listings and pending sales. The estimated number of sellers in the market is simply the number of active listings in the MLS. These estimates, along with median-sale price data in this report, are seasonally adjusted and subject to revision. See a more detailed methodology here and view an interactive dashboard here.

Buyers Are Retreating, Which Is Causing Some Sellers to Retreat

There were an estimated 1.39 million homebuyers in the market in March, just shy of the 1.38 million record low hit in April 2020—the start of the pandemic. That’s little changed from a month earlier but down 10% from a year earlier. 

There were an estimated 1.99 million sellers in the market—the lowest level in a year. That’s down 0.5% from a month earlier and up 0.7% from a year earlier.

 

Home sellers have been retreating in part due to lackluster demand from buyers. Some sellers are delisting after watching their homes sit on the market, while others are choosing not to list at all after seeing nearby homes sell for below the asking price. Redfin did report last month that relistings are beginning to rise as sellers bet on a spring uptick in demand.

There Are 38 Buyer’s Markets, Down From 29 Last Year

Thirty-eight of the 49 U.S. metropolitan areas Redfin analyzed were buyer’s markets in March, up from 29 a year earlier. In five of those markets, there were over twice as many sellers as buyers. 

The strongest buyer’s market was Miami, which had an estimated 148% more sellers than buyers. Next came Nashville (119%), Austin, TX (112%), San Antonio (109%) and Las Vegas (101%). Redfin analyzed the 50 most populous U.S. metropolitan areas and included in this analysis the 49 with sufficient data.

The Sun Belt skyrocketed in popularity during the pandemic, when scores of homebuyers moved in from more expensive parts of the country. To meet surging demand, homebuilders ramped up activity, which is one reason there are now a lot more homes for sale than people who want to buy them. The buyer pool has also shrunk because soaring housing costs in recent years have priced many people out of the market.

New construction can have a significant influence on whether negotiating power lies with buyers or sellers because it impacts the balance of supply and demand. The South and the West have historically issued the most building permits, while the Northeast and the Midwest (where the five seller’s markets are located) have issued the fewest.

Florida and Texas, in particular, build more homes than other states. Florida has also been grappling with intensifying natural disasters, soaring insurance premiums and rising condo HOA fees, which has prompted some homeowners to leave. Miami, specifically, frequently shows up as a buyer’s market because it has a lot of housing supply, which could be in part due to the high number of condos. 

There Are 5 Seller’s Markets, Down From 9 Last Year

Just five of the metros Redfin analyzed were seller’s markets in March, down from nine a year earlier.

The strongest seller’s market in March was Newark, NJ, which had an estimated 30.4% fewer sellers than buyers. The other four seller’s markets were Nassau County, NY (-28%) Montgomery County, PA (-26.2%), Milwaukee (-19.7%) and New Brunswick, NJ (-12.5%). 

On average, home prices rose 4.8% year over year across the five seller’s markets in March, compared with a 1.6% increase across the 38 buyer’s markets—an indication that buyer’s markets offer house hunters more leverage. 

Metro-Level Summary: 50* Most Populous Metros (March 2026)

U.S. metro area	Balance of power	Percent by which sellers outnumber buyers	Buyers	Sellers
Anaheim, CA	Buyer’s Market	43.6%	5,079	7,293
Atlanta, GA	Buyer’s Market	70.4%	22,692	38,656
Austin, TX	Buyer’s Market	112.1%	8,509	18,043
Baltimore, MD	Balanced Market	-5.9%	10,851	10,205
Boston, MA	Balanced Market	-1.4%	10,952	10,794
Charlotte, NC	Buyer’s Market	88.7%	9,057	17,087
Chicago, IL	Balanced Market	1.4%	25,427	25,795
Cincinnati, OH	Buyer’s Market	30.7%	6,409	8,379
Cleveland, OH	Balanced Market	-4.2%	7,310	7,006
Columbus, OH	Buyer’s Market	22.8%	7,081	8,698
Dallas, TX	Buyer’s Market	86.7%	17,001	31,743
Denver, CO	Buyer’s Market	37.2%	11,837	16,245
Detroit, MI	Buyer’s Market	48.7%	4,910	7,304
Fort Worth, TX	Buyer’s Market	69.2%	7,923	13,404
Houston, TX	Buyer’s Market	96.5%	22,965	45,122
Indianapolis, IN	Buyer’s Market	23.6%	7,723	9,543
Jacksonville, FL	Buyer’s Market	58.7%	7,751	12,304
Kansas City, MO	Buyer’s Market	21.8%	7,190	8,756
Las Vegas, NV	Buyer’s Market	100.7%	7,110	14,272
Los Angeles, CA	Buyer’s Market	58.6%	14,392	22,819
Miami, FL	Buyer’s Market	147.9%	7,806	19,347
Milwaukee, WI	Seller’s Market	-19.7%	6,488	5,210
Minneapolis, MN	Balanced Market	9.0%	12,833	13,989
Montgomery County, PA	Seller’s Market	-26.2%	6,905	5,094
Nashville, TN	Buyer’s Market	119.0%	7,398	16,202
Nassau County, NY	Seller’s Market	-28.0%	9,978	7,181
New Brunswick, NJ	Seller’s Market	-12.5%	9,918	8,679
New York, NY	Buyer’s Market	12.6%	24,811	27,946
Newark, NJ	Seller’s Market	-30.4%	8,153	5,672
Oakland, CA	Buyer’s Market	36.0%	4,457	6,060
Orlando, FL	Buyer’s Market	81.4%	9,965	18,075
Philadelphia, PA	Buyer’s Market	35.2%	6,047	8,176
Phoenix, AZ	Buyer’s Market	79.1%	18,415	32,979
Pittsburgh, PA	Buyer’s Market	55.3%	6,030	9,364
Portland, OR	Buyer’s Market	45.5%	7,502	10,914
Providence, RI	Balanced Market	-1.9%	4,202	4,124
Riverside, CA	Buyer’s Market	66.4%	11,537	19,196
Sacramento, CA	Buyer’s Market	34.5%	5,664	7,617
San Antonio, TX	Buyer’s Market	109.0%	9,059	18,932
San Diego, CA	Buyer’s Market	29.2%	6,272	8,103
San Francisco, CA	Buyer’s Market	12.1%	2,592	2,905
San Jose, CA	Buyer’s Market	28.5%	2,635	3,387
Seattle, WA	Buyer’s Market	34.9%	7,681	10,359
St. Louis, MO	Buyer’s Market	17.8%	8,754	10,312
Tampa, FL	Buyer’s Market	82.7%	13,064	23,869
United States of America	Buyer’s Market	43.1%	1,392,693	1,992,861
Virginia Beach, VA	Buyer’s Market	14.7%	6,797	7,794
Warren, MI	Buyer’s Market	16.7%	7,935	9,258
Washington, DC	Buyer’s Market	14.9%	15,829	18,190
West Palm Beach, FL	Buyer’s Market	94.0%	8,090	15,694

*Fort Lauderdale, FL has been removed due to insufficient data.

The post Homebuyers Hold the Negotiating Power In 38 Major Metros, Up From 29 Last Year appeared first on Redfin Real Estate News.

Aziz Sunderji, housing economist and founder of data visualization consultancy Home Economics, also provided data and analysis for this report. 

• Late April is a sweet spot for sellers; nationwide, homes listed during that period have the highest chance of selling fast and fetching more than the asking price. This is from a Redfin and Home Economics analysis. 
• Real estate is local. On the West Coast, March is typically the best time to put a home on the market; on the East Coast, May tends to be best. 
• The best time to sell varies by region, but the swings are bigger in some parts of the U.S. than others. Places with mild weather and more supply are generally less seasonal. Places with more extreme weather or tight supply are more seasonal.  
• The picture is more complex for buyers: House hunters have the most homes to choose from in late April, but they get the best deals in July. 

 

The best time to list a U.S. home for sale is the end of April. Sellers are most likely to sell their home above the asking price, and to sell a home quickly, when they list during that period. 

The advantages of listing in late April: 

Sellers get stronger offers

• They’re more likely to sell above the asking price. Homes listed at the end of April are 18% more likely to sell above their original asking price than the rest of the year–the highest likelihood of all 52 weeks. 
• Prices are higher. The median home-sale price is 4% higher for homes listed at the end of April than the yearly average sale price, the biggest premium of the year. That’s because there are more buyers and more competition—and also partly because better homes tend to be listed in the spring. 

Homes sell faster

• They’re more likely to sell within 2 weeks. Homes are 17% more likely to sell in two weeks at the end of April than the yearly average, also the highest likelihood of the year. 
• They spend less time on the market.  Homes listed in late April spend about 9% fewer days on market than the yearly average.

Sellers face less competition 

• There are fewer homes for buyers to choose from. Sellers face less competition at the end of April than later in the spring or over the summer. There are typically 8% fewer homes for sale at the end of April than the peak reached in late summer. As spring goes on, the total number of homes for sale increases, peaking in the summer, giving buyers more choices and upping competition among sellers. 

This is according to a Redfin and Home Economics analysis of housing market data. Please see the end of this report for more on methodology 

“Late April hits a sweet spot for home sellers: buyers are out in force, but the market isn’t yet flooded with competing listings,” said Aziz Sunderji, housing economist and founder of data visualization consultancy Home Economics. “For sellers, timing can meaningfully shape the outcome of their home sale. Listing in that late-April window can help generate stronger early interest and create the kind of competition that leads to faster sales and better terms. Sellers who list earlier in the spring may miss peak demand, while those who wait until later risk getting lost in a growing pool of listings. If you’re preparing to sell, it’s worth aligning your timeline—pricing, staging, and marketing—so you’re ready to hit the market during this brief but advantageous window.”

Sellers should keep in mind that this analysis identifies the best time to list their home based on general trends, and assumes a stable market. The best time could shift to a different period in a year when the market experiences dramatic, unexpected shifts. 

Additionally, the best time to sell a home is different for different people. Selling (or buying) a home is typically the biggest financial decision people make in their lives, and personal factors matter in terms of timing. For someone who is offered their dream job in another state in September, for instance, listing their home in the fall probably makes more sense than listing in April. 

It’s also worth noting that most home sellers are also buyers. That means many sellers factor in the best time to buy when deciding when to sell. They may want to sell earlier in the season rather than later, so they have more time to find their next home. For more on the best time to buy, see the last section of this report. 

In California, the Best Time to List Is Before Spring Even Starts. In Parts of the East Coast, It’s Just Before Memorial Day. 

 

The best time to list a home for sale varies from metro to metro. Generally, the optimal time to list is earlier on the West Coast and in Texas, and later in the Northeast and the Rust Belt. This is based on the same metrics we used to calculate the national best time to list: The time of year when sellers have the best chance of selling their home faster and for more money. 

Places where the prime time to sell is March:

• • San Jose, CA: Middle of March
  • San Diego and Washington, D.C.: Mid-to-late March
  • Seattle, San Francisco, Portland, OR, Oakland, CA and Denver: Late March 

Places where the prime time to sell is May or June:

• • West Palm Beach, FL: Mid-to-late June
  • Philadelphia: Middle of May 
  • Las Vegas, Milwaukee and New Brunswick, NJ: Beginning of May 

Real estate is local. In places like California and Texas, the spring market tends to kick off earlier thanks to milder weather and a longer home-shopping season, so sellers who list in March are better positioned to capture motivated buyers before competition builds. Markets in the Northeast often heat up later in the year, when the snow has melted and warmer days are bringing house hunters out of hibernation. 

“The best week to list isn’t one-size-fits-all. Sellers should think locally,” Sunderji said. “Pay attention to when inventory typically ramps up, and when local buyers are most active. Listing just ahead of that surge—whether that’s March in Silicon Valley or May in Milwaukee—can help your home stand out, attract more serious buyers, and sell quickly for the price you want.”

Timing Matters—But It Matters More in Some Parts of the Country Than Others

 

The best time to sell a home—and buy a home—varies from metro to metro, but the swings are bigger in some parts of the U.S. than others. In the southern part of the country, where weather tends to be warmer, the swing in how many new listings hit the market by season is fairly small. In the northern part of the country, which has more extreme weather, the swing in new listings is bigger. Another important factor is supply: Highly populated areas with limited supply tend to be more seasonal. 

The metros with the least seasonal housing markets, i.e. where the seasonal swing in listings is smaller, are in Florida. Tampa is the least seasonal of all. Next come Fort Lauderdale, Miami, West Palm Beach and Orlando . The next two are also located in places with warm weather throughout the year: Phoenix and Las Vegas.

On the other end of the spectrum, the places with the most seasonal metros are either in colder climates or they’re in the Bay Area. San Francisco has the most seasonal market in the nation. Next come Boston,  Seattle, San Jose, CA and Minneapolis.

“The fact that the Bay Area has the most seasonal housing market shows that seasonality isn’t just about weather–it’s also about supply,” said Asad Khan, a senior economist at Redfin. “In places like San Francisco and San Jose, where there are a lot of house hunters and limited inventory, timing matters a lot. It becomes a bit like musical chairs: Sellers want to list when they’ll have the best chance of finding their next home, so everyone converges during the same window. In places with more inventory, like Detroit or Columbus, OH, buyers can be more flexible, which gives sellers more flexibility, too, dampening those seasonal swings even though the winters are colder.”

Buyers Get More Choices Earlier in the Year, But Better Deals Later 

 

The picture is more complex for homebuyers. Buyers need to balance choice and competition. More inventory to choose from improves the chance of finding the home that’s right for them. But competition creates more urgency and requires stronger offers to win a home.

To capture this tradeoff, we identify three key moments for homebuyers:

• Most new listings. The flow of new listings of homes for sale typically peaks in late spring and continues through early summer. This is when picky buyers are most likely to see the widest selection of listings right when they hit the market. 
• Most inventory. The bullet point above is about brand-new listings; this one is about “fresh” listings–those that have been on the market for no more than 60 days.  The number of fresh listings typically peaks in mid-summer. This is when flexible buyers with more time have the biggest selection to choose from.
• Best deals. Discounts off a home’s original asking price—through price drops and/or negotiations between buyer and seller—grow in late summer and peak in early fall. But discounts typically plateau or shrink heading into winter, even as inventory declines. This moment captures the last point when both choice and discounts are working in the buyer’s favor. Winter isn’t an ideal time for bargain hunters because by the time it rolls around, sellers may be more likely to wait for spring’s new buyers than make concessions. 

“The right time to purchase a home depends on a buyer’s flexibility,” Khan said. “New listings peak in late spring, but that’s also when competition between buyers is most intense. House hunters should shop earlier if time is tight and finding the right home in the right location is the top priority. But for more flexible buyers, inventory will grow until mid-summer. Buyers also have more negotiating power heading into the fall, and while inventory is somewhat picked over, there are still quite a few homes to choose from. For many buyers, the sweet spot may be somewhere in between.”

Best Time to Buy a Home, Metro-Level Summary Please note that this table includes 3 key moments for buyers; it’s important for buyers to balance what’s most important for them–choice or price
	Most New Listings	Most Fresh Inventory	Best Deals
Anaheim, CA	Mid May	Late June	Late August
Atlanta, GA	Mid May	Mid July	Early September
Austin, TX	Mid May	Early July	Late August
Baltimore, MD	Early May	Early June	Mid September
Boston, MA	Mid May	Mid July	Early October
Chicago, IL	Mid May	Early June	Early October
Cincinnati, OH	Mid May	Mid July	Mid October
Cleveland, OH	Mid May	Mid July	Late October
Columbus, OH	Late June	Mid July	Mid October
Dallas, TX	Late June	Early August	Mid September
Denver, CO	Mid May	Mid July	Early September
Detroit, MI	Early August	Early September	Mid December
Fort Lauderdale, FL	Early February	Late March	Mid December
Fort Worth, TX	Late June	Mid August	Mid September
Houston, TX	Late May	Mid July	Late September
Indianapolis, IN	Mid May	Mid July	Mid October
Jacksonville, FL	Early May	Mid May	Mid September
Las Vegas, NV	Late May	Mid June	Late September
Los Angeles, CA	Mid May	Mid July	Mid September
Miami, FL	Early February	Late March	Mid December
Milwaukee, WI	Mid May	Mid July	Early November
Minneapolis, MN	Mid May	Mid July	Early October
Montgomery County, PA	Mid May	Early June	Mid October
Nashville, TN	Mid May	Mid July	Mid September
Nassau County, NY	Mid May	Late June	Late August
New Brunswick, NJ	Mid May	Early June	Early October
New York, NY	Mid May	Early June	Mid August
Newark, NJ	Mid May	Early June	Late August
Oakland, CA	Mid May	Mid July	Late August
Orlando, FL	Early May	Mid July	Early October
Philadelphia, PA	Mid May	Early June	Mid October
Phoenix, AZ	Late March	Early April	Late October
Pittsburgh, PA	Mid May	Early July	Mid October
Portland, OR	Mid May	Mid July	Late August
Providence, RI	Mid May	Late June	Mid October
Riverside, CA	Mid May	Mid June	Early November
Sacramento, CA	Mid May	Mid July	Late August
San Antonio, TX	Late May	Mid July	Mid September
San Diego, CA	Mid May	Mid July	Mid September
San Francisco, CA	Late September	Late October	Late September
San Jose, CA	Mid May	Early June	Late August
Seattle, WA	Mid May	Mid July	Early September
Tampa, FL	Late March	Early April	Early November
Virginia Beach, VA	Early May	Mid June	Mid October
Warren, MI	Mid May	Late August	Late October
Washington, DC	Early May	Early June	Late September
West Palm Beach, FL	Early February	Late March	Mid December

Here’s a video from Daryl Fairweather, Redfin’s chief economist:

Methodology 

 

This is according to a Redfin and Home Economics analysis of housing market data. 

• We created a seasonal index for each week within a given year and region by dividing the weekly value of each metric by that year’s annual average. For median sale prices, the seasonal index was computed on a series detrended using OLS.
• We then average the seasonal index for each week-of-year between 2015-2019 and 2023-2025; we excluded 2020-2022 because the pandemic skewed seasonal effects during that time. 
• For the seasonality map, we measured the seasonal range of new listings by county as the difference between the maximum and minimum of the seasonal index for new listings.     
• To identify the best time to list, we normalize four seller-relevant metrics (share sold in 2 weeks, share sold above list, days on market, sale-to-original-list ratio) to 0–1 within each metro and average them into a single composite score per week. The peak of this composite is the “best week to list” for that metro.
• To identify the best time to buy, we focus on the seasonal indexes for three metrics: new listings, fresh inventory, and the average discount. 
  • Most new listings: the week when the flow of new listings is greatest relative to the annual average.
  • Most  fresh inventory: the week the stock of active listings with 60 days or less on market is greatest relative to the annual average.
  • Best deals: To identify the period with the “best deals” we identify the moment when the average discount (original list price divided by final sale price) reaches an “inflection point,” meaning it slows or shrinks heading into late fall or winter. We characterize this moment as reflecting the best deals since buyers typically have ample inventory to choose from while discounts approach a local maximum.  To identify these moments, we first fit a smoothed curve to the average discount seasonal index for each region to remove week-to-week noise. Starting from the spring trough—the week when homes sell closest to (or above) their list price—we find the week of maximum slope, representing the period of fastest improvement in the average discount. We then identify the first subsequent week where the slope falls below 10% of that maximum, marking the point where average discounts have largely plateaued. For metros where the slope never drops below this threshold (i.e., discounts continue to grow aggressively through year-end), we use the week of the overall peak discount instead.

The post Late April Is the Best Time to List a Home For Sale appeared first on Redfin Real Estate News.

• About two-thirds of homeowners who recently made renovations chose to upgrade their home instead of moving to a new place, per a recent Redfin survey. 
• Within this group of homeowners, millennials and Gen Zers are more likely than older people to remodel instead of move.
• Most homeowners who renovated in the last year spent less than $20,000 on upgrades, signaling that a lot of them are opting for select improvements rather than a full remodel. 
• Fresh paint, bathroom upgrades and  kitchen renovations are the most common improvements. 

Instead of moving, Americans are remodeling. More than two in five (43%) Americans renovated their home in the last year, and another 33% plan to renovate in the next year, according to a recent Redfin survey. 

For many, renovating is a deliberate alternative to seeking out a different home. Roughly two-thirds (65%) of homeowners who are recent renovators chose to upgrade their current home instead of  moving. For homeowners who are planning to renovate in the next year, 71% say they’re remodeling instead of buying a new place. 

 

This report is based on a Redfin-commissioned survey fielded by Ipsos in November 2025, fielded to 4,000 U.S. residents. Please see the end of this report for more on methodology. 

Homeowners are staying put because it is expensive to move. With high mortgage rates and home prices, moving isn’t an affordable option for many Americans–especially when about 80% of homeowners with a mortgage have an interest rate below current levels, according to a recent Redfin analysis. Other recent Redfin research shows that while housing inventory is increasing slightly on a year-over-year basis, there’s still a shortage of desirable, move-in ready homes for sale–especially those that are spacious enough for a family. 

Gen Zers and millennial homeowners are more likely than their older counterparts to remodel instead of move, with 77% of each generation saying they made improvements rather than moving in the last year. Those with kids living at home are also more likely than others to choose renovations. 

“Many Americans are choosing to stay put and make the home they already have work for them,” said Chen Zhao, Redfin’s head of economics research. “That could mean improving outdated spaces, adding space for a growing family or reconfiguring the existing space so it works for everyone. Younger homeowners are especially likely to renovate instead of jumping to a different house; they’re earlier in their homeownership journey and more willing to invest in improvements to build equity. Those with kids living at home are often motivated to plant deeper roots where they are so they can stay in the same school district and community.”

Most Homeowners Who Opt to Renovate Spend Under $20K on Upgrades

 

A lot of renovators are opting for meaningful improvements without busting their budget on a complete remodel. 

Roughly a quarter (23%) of people who renovated their home in the last year spent between $10,000 and $20,000 on improvements; the next-most common price tags were $1,000 to $5,000 (21% of recent renovators) and $5,000 to $10,000 (20%). A sizable share (16%) spent between $20,000 and $50,000 on renovations. 

 

Fresh Paint, Bathrooms and Kitchens Are Most Popular Improvements

 

Painting is the most popular upgrade; nearly half (47%) of recent renovators gave their home a fresh coat. Next are bathroom (43%) and kitchen (40%) improvements. Exterior maintenance and landscaping are also popular, with 35% of renovators opting for those upgrades. 

Climate resiliency is important to some homeowners, too: About one in seven (15%) added features to make their homes more resilient to natural disasters such as flooding, wind, fire and/or heat. 

 

One way to fund renovations is with a cash-out refinance, which allows homeowners to use the equity they’ve built up in their house to pay for upgrades. Rocket Mortgage offers cash-out refinances, in which homeowners take out a bigger loan in exchange for putting cash in their pocket. 

Home improvements not only provide homeowners with the space and features they need to make their house comfortable, but they can be worthwhile in the long run. “If you can afford it, investing time and money into making your house look and feel better can help when it comes time to sell,” said Jo Chavez, a Redfin Premier agent in Kansas City, MO. “Updated homes tend to sell faster than fixer-uppers, and for more money.” 

Methodology

 

The survey results in this report are from a Redfin-commissioned survey fielded by Ipsos in November 2025, fielded to 4,000 U.S. residents. The results for this combined group of survey respondents have a credibility interval of +/-1.9 percentage points. 

This report is based on these questions from the survey: 

• Which of the following best applies to you? Answer choices: I made improvements or renovations to my home within the past year, I plan to make improvements or renovations to my home in the next year, or neither statements apply to my situation. 
• To what extent do you agree or disagree with the following statement: I made improvements or renovations to my home in the past year instead of moving to a new home. Answer choices: Strongly agree, somewhat agree, neither agree or disagree, somewhat disagree, or strongly disagree. For this report, we grouped together “strongly agree” and “somewhat agree.” This question was asked of respondents who said they made improvements or renovations to their home in the past year. 
• To what extent do you agree or disagree with the following statement: I plan to make improvements or renovations to my home in the next year instead of moving to a new home. Answer choices: Strongly agree, somewhat agree, neither agree or disagree, somewhat disagree, or strongly disagree. For this report, we grouped together “strongly agree” and “somewhat agree.” This question was asked of people who said they plan to make improvements or renovations to their home in the next year. 
• How much did you spend on renovating/improving your home in the past year? All answer choices listed in the chart above. This question was asked of respondents who said they made improvements or renovations to their home in the past year. 
• Which of the following improvements or renovations have you made to your home in the past year? All answer choices listed in the chart above. This question was asked of respondents who said they made improvements or renovations to their home in the past year. 

Here’s the full survey questionnaire for questions referenced in this report. 

The post U.S. Homeowners Are Remodeling Instead of Relocating appeared first on Redfin Real Estate News.

• The median sale price in the Bay Area metro rose 14% year over year in March, compared with a 1% gain nationwide. That helped San Francisco reclaim its title as the most expensive major metro to buy a home.

• Nationally, the housing market remained sluggish as high costs and economic uncertainty gave buyers and sellers pause.

• Active listings of U.S. homes for sale fell 1% from a month earlier and pending sales barely budged. Homes that did sell moved at the slowest March pace in a decade.

The median home sale price in the San Francisco metropolitan area jumped 14.4% year over year in March to a record $1.7 million. That’s the largest increase since March 2018 and the biggest gain among the 50 most populous U.S. metro areas. 

Condo prices in San Francisco rose particularly quickly, posting a 24.4% year-over-year increase last month—the largest since 2013.

San Francisco’s housing market has been heating up as a boom in the artificial intelligence industry and a return to the office have coincided with a lack of inventory. 

“A lot of 22-year-olds are getting $500,000 signing bonuses from AI companies, and they’re excited to buy homes,” said local Redfin Premier real estate agent Ali Mafi. “Inventory isn’t keeping up—sellers have been hearing that if they wait to sell, they’ll get a better deal. But suddenly, the time to sell is now. We’re seeing quality homes in desirable areas get 20 offers and go for as much as $900,000 over the asking price.”

Mafi said sellers should still make sure their homes are in tip-top shape before going to market (cleaning, staging, painting, etc.). Oftentimes, a $20,000 investment there can turn into $100,000 because it helps the home sell for a higher price—especially when demand is so strong, he noted.

Thanks to last month’s price jump, San Francisco has reclaimed its title as the major U.S. metro with the highest home prices, eclipsing neighboring San Jose, which held that title for much of 2024 and 2025.

The typical San Francisco home that sold in March went for 8.9% more than its final list price—the largest March premium since 2022. By comparison, the typical U.S. home sold for 1.3% below its final list price—the biggest March discount since 2020.

San Francisco’s housing market has just 1.8 months of supply, compared with 3.2 months nationwide. Months of supply measures the length of time it would take for the existing supply of homes for sale to be bought up at the market’s current pace of sales, assuming no new listings.

Nationally, the Housing Market Remains Sluggish

The median U.S. home sale price rose 1.2% year over year in March to $436,733. That’s the fastest growth in five months but remains low by historical standards.

Active listings of U.S. homes for sale fell 0.6% month over month on a seasonally adjusted basis—the largest decline since June 2023. Some sellers have been retreating due to lackluster demand for their homes; pending home sales were little changed from a month earlier (0.1%) on a seasonally adjusted basis in March and fell 2.6% from a year earlier. High home prices, rising mortgage rates and economic uncertainty have caused many house hunters to stay on the sidelines.

It’s worth noting that while both buyers and sellers have been retreating, buyers have retreated faster, which means they are far outnumbered by sellers. That imbalance is why buyers have negotiating power. Yes, home price growth is inching up, but buyers are also scoring the largest discounts in years as sellers watch their homes linger on the market. The typical home that went under contract in March did so in 55 days. That’s the slowest March pace in a decade and is up from 49 days a year earlier.

March 2026 Housing Market Highlights: United States

 

	March 2026	Month-over-month change	Year-over-year change
Median sale price	$436,733	1.8%	1.2%
Existing-home sales, seasonally adjusted annual rate	4,222,253	-0.3%	-0.3%
Pending home sales, seasonally adjusted	482,196	0.1%	-2.6%
Homes sold, seasonally adjusted	427,358	0.6%	-1.6%
New listings, seasonally adjusted	554,854	2.4%	-2.6%
Total homes for sale, seasonally adjusted (active listings)	1,990,299	-0.6%	0.5%
Months of supply	3.2	-0.9	-0.2
Median days on market	55	-11	6
Share of homes that sold above final list price	25.6%	2.9 ppts	-1.5 ppts
Average sale-to-final-list-price ratio	98.7%	0.5 ppts	-0.2 ppts
Pending sales that fell out of contract, as % of overall pending sales	13.4%	0.2 ppts	0.9 ppts
Monthly average 30-year fixed mortgage rate	6.18%	0.13 ppts	-0.47 ppts

March 2026 Metro-Level Highlights

The figures below are based on a list of the 50 most populous U.S. metropolitan areas. Some metros may be removed from time to time to ensure data accuracy. Refer to our metrics definition page for explanations of metrics used in this report. Metro-level data are not seasonally adjusted. All changes below represent year-over-year changes.

• Prices: Median sale prices rose most from a year earlier in San Francisco (14.4%), Detroit (11.1%) and Milwaukee (8%). They fell most in Oakland, CA (-6.3%), Dallas (-4.5%) and Sacramento, CA (-2.5%).
• Pending home sales: Pending sales rose most in West Palm Beach, FL (25.4%), Miami (13.5%) and Milwaukee (11.7%). They fell most in Providence, RI (-13.2%), New Brunswick, NJ (-11.5%) and New York (-10.9%).
• Closed home sales: Home sales rose most in West Palm Beach (15.5%), Kansas City, MO (11.7%) and Virginia Beach, VA (9.4%). They fell most in Nassau County, NY (-9.7%), Pittsburgh (-8%) and Oakland (-7.8%).
• New listings: New listings rose most in San Jose, CA (13.5%), Boston (9.3%) and San Francisco (9.1%). They fell most in Tampa, FL (-17.4%), Jacksonville, FL (-13.4%) and Miami (-13.3%).
• Active listings: Active listings rose most in Seattle (16.8%), Detroit (11.5%) and Milwaukee (10.8%). They fell most in Jacksonville (-18%), Tampa (-9.5%) and Riverside, CA (-9%).
• Days on market: In Nashville, the typical home that went under contract did so in 91 days, which was 23 days longer than a year earlier—the biggest increase among the metros analyzed. Next came Indianapolis (+22 days) and Austin, TX (+19 days). The biggest decreases were in Kansas City, MO (-5 days), Fort Worth, TX (-4 days), San Francisco (-3 days) and West Palm Beach (-3 days).

March 2026 Full Metro-Level Data

U.S. metro area	Median sale price	Median sale price, Y/Y change	Pending sales, Y/Y change	Homes sold, Y/Y change	New listings, Y/Y change	Active listings, Y/Y change	Median days on market	Median days on market, Y/Y change
Anaheim, CA	$1,260,000	4.7%	0.6%	1.3%	-9.0%	-5.6%	36	1
Atlanta, GA	$392,000	-0.8%	-2.9%	4.7%	-3.2%	1.7%	59	4
Austin, TX	$430,000	-2.3%	11.0%	2.4%	-2.0%	2.7%	93	19
Baltimore, MD	$399,000	6.4%	-0.8%	-3.5%	-0.8%	6.6%	41	9
Boston, MA	$748,000	3.2%	-2.7%	-0.9%	9.3%	6.9%	26	6
Charlotte, NC	$408,000	0.5%	N/A	-2.9%	2.6%	8.2%	74	14
Chicago, IL	$375,000	4.2%	2.7%	2.3%	2.3%	-1.8%	51	-2
Cincinnati, OH	$310,000	6.9%	7.1%	-1.2%	3.1%	6.5%	45	2
Cleveland, OH	$240,000	5.5%	-0.1%	-1.1%	-0.5%	2.8%	32	0
Columbus, OH	$355,000	4.4%	9.2%	0.3%	0.6%	2.6%	51	6
Dallas, TX	$400,000	-4.5%	6.0%	0.3%	-5.0%	-0.2%	66	14
Denver, CO	$589,000	-1.0%	0.0%	2.8%	-6.9%	0.6%	24	-1
Detroit, MI	$200,000	11.1%	-6.4%	-7.6%	-2.8%	11.5%	37	6
Fort Worth, TX	$352,585	-0.7%	5.5%	1.0%	-1.8%	-1.8%	54	-4
Houston, TX	$330,320	-2.0%	-7.0%	-0.4%	-4.4%	2.1%	76	13
Indianapolis, IN	$310,000	2.3%	0.8%	-2.1%	-0.9%	7.2%	51	22
Jacksonville, FL	$372,000	2.4%	-0.2%	-0.5%	-13.4%	-18.0%	76	5
Kansas City, MO	$345,000	6.2%	N/A	11.7%	5.3%	-0.4%	32	-5
Las Vegas, NV	$450,000	0.0%	-2.8%	2.9%	-6.7%	5.7%	62	10
Los Angeles, CA	$913,400	-1.3%	1.1%	4.0%	-2.7%	-2.0%	45	3
Miami, FL	$580,000	1.8%	13.5%	2.9%	-13.3%	-7.7%	95	9
Milwaukee, WI	$350,000	8.0%	11.7%	9.2%	8.6%	10.8%	41	-1
Minneapolis, MN	$380,000	0.0%	-7.2%	-1.3%	3.0%	4.8%	34	3
Montgomery County, PA	$500,000	7.5%	-2.7%	3.7%	-1.9%	2.8%	35	7
Nashville, TN	$464,900	0.0%	-2.3%	-2.8%	3.7%	9.2%	91	23
Nassau County, NY	$737,000	5.3%	-9.8%	-9.7%	-4.8%	-7.9%	46	8
New Brunswick, NJ	$550,000	0.2%	-11.5%	-5.8%	0.5%	0.3%	51	9
New York, NY	$790,000	4.8%	-10.9%	-1.5%	-3.3%	-5.4%	68	1
Newark, NJ	$600,000	1.7%	-1.4%	-2.4%	-0.4%	1.5%	35	-1
Oakland, CA	$918,000	-6.3%	N/A	-7.8%	-4.9%	-7.3%	15	0
Orlando, FL	$410,000	1.2%	-7.3%	-6.8%	-8.1%	-8.7%	59	-1
Philadelphia, PA	$291,000	2.1%	-5.7%	-7.8%	4.1%	0.7%	56	12
Phoenix, AZ	$470,000	0.0%	6.0%	8.8%	-5.1%	-0.4%	59	3
Pittsburgh, PA	$250,000	6.4%	1.8%	-8.0%	-2.3%	1.0%	72	3
Portland, OR	$552,696	1.4%	3.8%	9.3%	0.6%	1.7%	31	1
Providence, RI	$525,000	6.7%	-13.2%	-7.5%	-11.1%	-3.1%	37	7
Riverside, CA	$585,000	-1.7%	-0.7%	0.9%	-8.7%	-9.0%	54	2
Sacramento, CA	$585,000	-2.5%	4.2%	4.9%	1.8%	-0.1%	23	1
San Antonio, TX	$313,725	-0.1%	0.1%	2.8%	6.3%	1.0%	105	18
San Diego, CA	$915,000	0.0%	-1.4%	9.2%	-0.3%	-2.6%	27	2
San Francisco, CA	$1,720,000	14.4%	N/A	5.4%	9.1%	-6.5%	13	-3
San Jose, CA	$1,638,000	-0.1%	N/A	4.5%	13.5%	3.4%	10	-1
Seattle, WA	$834,000	0.5%	-8.1%	-3.0%	2.4%	16.8%	12	4
St. Louis, MO	$281,000	6.0%	N/A	-3.3%	7.2%	10.0%	33	5
Tampa, FL	$375,000	1.4%	-7.1%	0.1%	-17.4%	-9.5%	56	7
Virginia Beach, VA	$367,423	5.0%	-3.9%	9.4%	2.5%	-1.2%	36	2
Warren, MI	$313,000	4.3%	3.2%	-1.4%	2.5%	10.2%	32	6
Washington, DC	$585,000	0.0%	6.7%	5.5%	2.1%	8.3%	38	7
West Palm Beach, FL	$515,000	-1.0%	25.4%	15.5%	-7.3%	-5.0%	86	-3

The post San Francisco Home Prices Jump Most in 8 Years Amid AI Boom appeared first on Redfin Real Estate News.

Pending home sales are declining and touring activity is slumping. 

U.S. pending home sales fell 4.1% from a year earlier during the four weeks ending April 12, the biggest decline in over a year. 

Sales fell in all but seven of the 50 biggest U.S. metro areas, with the biggest declines in Providence, RI (-17.5%), Houston (-16.9%) and Nassau County, NY (-14.8%). The biggest increases were in San Francisco (9.6%), West Palm Beach, FL (8.2%) and Miami (6.4%). 

Homebuying demand is unseasonably slow. Home-touring activity is up just 11% since the start of the year, compared to a 40% increase over the same period last year, according to ShowingTime. 

Would-be homebuyers are backing off partly because the Iran war is causing widespread geopolitical and economic uncertainty, making some Americans wary of making a big purchase. It has also contributed to higher mortgage rates, though the average rate fell slightly to 6.37% last week. Mortgage rates may swing up or down in the next few weeks, depending on the direction of the Iran war, the outcome of negotiation talks and oil prices.  

High housing costs are also sidelining house hunters. The median home-sale price rose 2.3% annually, the biggest increase in a year, and while the weekly average mortgage rate has come down slightly, it is still near a six-month high. It’s worth noting that the timing of Easter is contributing to the year-over-year decline in pending sales, too: Easter fell into this four-week period, but not the comparable period in 2025. 

Redfin agents in some parts of the country say some buyers are jittery about whether it’s the right time to make a big purchase, with economic uncertainty in the air and the rising prices of other things, like gas, cutting into their budgets.

On the selling side, new listings of homes for sales declined 1.4% year over year, with some prospective sellers hitting pause while demand is down. 

For Redfin economists’ takes on the housing market, please visit Redfin’s “From Our Economists” page. 

Leading indicators 

 

Indicators of homebuying demand and activity
	Value (if applicable)	Recent change	Year-over-year change	Source
Daily average 30-year fixed mortgage rate	6.32% (April 15)	Down from 6.64% three weeks earlier	Down from 6.98%	Mortgage News Daily
Weekly average 30-year fixed mortgage rate	6.37% (week ending April 9)	Down slightly from 6-month high the week before	Down from 6.62%	Freddie Mac
Mortgage-purchase applications (seasonally adjusted)		Down 1% from a week earlier (as of week ending April 10)	Down 3%	Mortgage Bankers Association
Google searches of “homes for sale”		Up 11% from a month earlier (as of April 11)	Up 20%	Google Trends
Touring activity		Up 11% from the start of the year (as of April 12)	At this time last year, it was up 40% from the start of 2025	ShowingTime

Key housing-market data

 

U.S. highlights: Four weeks ending April 12, 2026 Redfin’s national metrics include data from 400+ U.S. metro areas and are based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision.
	Four weeks ending April 12, 2026	Year-over-year change	Notes
Median sale price	$393,059	2.3%	Biggest increase in a year
Median asking price	$426,225	1.8%
Median monthly mortgage payment	$2,748 at a 6.37% mortgage rate	-1.9%
Pending sales	86,665	-4.1%	Biggest decline in a year
New listings	103,853	-1.4%
Active listings	1,092,911	-2.7%	Biggest decline since 2023
Months of supply	4.2	Unchanged	4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions
Share of homes off market in two weeks	38.4%	Essentially unchanged
Median days on market	48	+4 days
Share of homes sold above list price	24.3%	Down from 26%
Average sale-to-list price ratio	98.6%	Down from 98.7%

Metro-level highlights: Four weeks ending April 12, 2026 Redfin’s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.
	Metros with biggest year-over-year increases	Metros with biggest year-over-year decreases	Notes
Median sale price	San Francisco (13.3%) Detroit (10.7%) Cleveland (9.8%) Providence, RI (9%) Pittsburgh (8.8%)	Dallas (-3.4%) Austin, TX (-3.2%) Oakland, CA (-3.2%) Seattle (-2.9%) Nashville, TN (-2.8%)	Declined in 17 metros
Pending sales	San Francisco (9.6%) West Palm Beach, FL (8.2%) Miami (6.4%) Fort Worth, TX (2.4%) Milwaukee (1.3%)	Providence, RI (-17.5%) Houston (-16.9%) Nassau County, NY (-14.8%) New York (-14.2%) Seattle (-13.8%)	Increased in just 7 metros
New listings	Milwaukee, WI (12%) Philadelphia (11.5%) San Jose, CA (8.5%) Minneapolis (7.3%) Indianapolis (5.8%)	Tampa, FL (-15.8%) Jacksonville, FL (-14.9%) Anaheim, CA (-13.8%) Riverside, CA (-13%) Orlando (-11.9%)

Refer to our metrics definition page for explanations of all the metrics used in this report.

The post This Spring’s Housing Market Is Unseasonably Slow As Iran War, High Costs Curb Demand appeared first on Redfin Real Estate News.

Chris Martin, a senior economist on Glassdoor’s economic research team, also provided data and analysis for this report.

From higher starting salaries to affordable starter homes, some cities give young people a serious leg up. From Omaha to Anchorage to Hilton Head Island, here are the standout big, medium, and small cities for recent college graduates. 

The tassels are turned, the diplomas are framed, and next comes the big question: Where should recent college grads plant roots? This new Redfin and Glassdoor analysis reveals which big, mid-sized and small U.S. cities offer the best mix of career opportunity, housing affordability and work-life balance for young professionals. 

Washington, D.C. ranks as the best big city in the U.S. for recent college graduates, according to a new Redfin and Glassdoor analysis. The nation’s capital tops the list because recent grads earn big paychecks relative to other large cities, there’s a lot of career opportunities, and the city offers great work-life balance. 

New Orleans comes in first for mid-sized cities, largely because starter homes are  affordable and early-career wages are growing at a faster clip than rent. Springfield, IL leads among small cities, with recent college grads attracted to its high starting salaries, strong job-growth potential and transit friendliness.

This is according to a Redfin-Glassdoor ranking of the best U.S. metro areas in the U.S. for recent college graduates, broken into three categories: Big, medium-sized and small. For this report, metro areas are referred to as “cities.” We ranked places based on factors related to housing, jobs, and quality of life using several different metrics. Please see the end of this report for more details on methodology.  

Big Cities

 

1. Washington, D.C.

 

Average annual early-career earnings: $79,857

Price of typical starter home: $320,000

Years to save for down payment: 4 years, 2 months

Monthly mortgage payment as % of income: 31.6%

Monthly rent as % of income: 34%

What makes the city rad for recent grads: Work-life winner  //  Strong starting salaries  // Jobs galore

The nation’s capital ranks as the best big city for recent college grads because it has a robust entry-level job market offering strong salaries, and while housing isn’t exactly cheap, it’s more affordable than many other big coastal cities. The top sector for early-career workers is tech, but D.C. also offers junior jobs aplenty in government and government-adjacent organizations, like think tanks, defense contractors, consultants and law firms. D.C. has 19 job postings per 100 workers, the most of any big U.S. city. But it’s not all work, all the time: The U.S. capital is one of the cultural centers of the U.S., offering not only unique landmarks, but a thriving food and drinks scene at places like The Wharf and Union Market.

“D.C. is a place of opportunity,” said Andre Margutti, a local Redfin Premier agent. “Students graduate from Georgetown or George Washington University, and they stay because there are so many job prospects. Or they graduate from school in an entirely different part of the country, and they move here for the same reason. And it’s not just in the federal government and related industries–our area attracts a lot of doctors, and a lot of international students stay in the area to work in finance for a place like the IMF or the World Bank.”

2. Omaha, NE

 

Average early-career earnings: $59,123

Price of typical starter home: $195,000

Years to save for down payment: 3 years, 8 months

Monthly mortgage payment as % of income: 26%

Monthly rent as % of income: 28%

What makes the city rad for recent grads: Job variety  //  New grads love their jobs  //  Work-life winner

A starter home in Omaha costs less than $200,000, which is affordable to someone earning the typical entry-level salary of around $59,000. The most popular career path for recent grads in the Nebraska town is healthcare, but it’s also home to several Fortune 500 companies, including Berkshire Hathaway, Union Pacific and Mutual of Omaha. Not only do college grads report enjoying their jobs, but they also report strong work-life balance–especially for those immersed in the city’s thriving music and brewery scene. 

“I’m currently helping a young couple move from North Carolina to Omaha,” said Justin Gomez, a Redfin Premier agent in Omaha. “People move here from many different parts of the country because there’s a great community for the younger crowd: We have a lot of colleges in the area, and there are so many fun events like the annual college baseball tournament. It doesn’t hurt that we have a lot of well-paying jobs, including at the University of Nebraska Med Center and the Offutt Airforce Base–and with a lot of homes selling for under $300,000, young grads actually have a shot at purchasing a house.”

3. Boston, MA

 

Average early-career earnings: $80,026

Price of typical starter home: $460,000

Years to save for down payment: 6 years, 8 months

Monthly mortgage payment as % of income: 45.3%

Monthly rent as % of income: 53%

What makes the city rad for recent grads: Strong starting salaries  //  Work-life winner  //  Pedestrian paradise

The typical recent grad in Boston earns $80,000 per year, the highest average starting salary of all the cities in this top 10 list. The city’s most popular sector for recent grads is tech, though it’s also home to a lot of jobs in biotech, healthcare, education and research. Boston is also a work-life winner, with twenty-somethings working hard by day and catching a game at Fenway Park or meeting friends at a beer garden at night. 

“Boston naturally has a big population of young people because there are so many colleges here, from Harvard to MIT to Boston College,” said Aditi Jain, a local Redfin Premier agent. “A lot of employers have offices in Boston to attract grads from those prestigious places and keep them in the city. There’s also a strong startup culture across biotech, finance and software, and a lot of those companies also offer well-paying jobs, enticing both people who attended college in Boston and those who are moving there from a different part of the country. We have a lot of new condos, which are perfect for young professionals, and the city is walkable and has fantastic public transportation; you can get anywhere for two dollars and a subway ride.”

4. Dallas, TX

 

Average early-career earnings: $67,451

Price of typical starter home: $240,000

Years to save for down payment: 4 years, 1 month

Monthly mortgage payment as % of income: 28%

Monthly rent as % of income: 26%

What makes the city rad for recent grads: Career-growth potential  //  Rent won’t bust budget

Dallas is home to 24 Fortune 500 company headquarters, including American Airlines, AT&T and Toyota, offering abundant entry-level jobs. The Texas city is known for legendary barbecue spots and live music, perfect for young professionals unwinding after a long week of work. Dallas is unique because it’s well-rounded; it is relatively affordable, fairly high-paying for early-career workers, and there’s plenty to do for young professionals.

5. Chicago, IL

 

Average early-career earnings: $72,786

Price of typical starter home: $202,000

Years to save for down payment: 3 years

Monthly mortgage payment as % of income: 21.9%

Monthly rent as % of income: 28%

What makes the city rad for recent grads: Affordable starter homes  //  Strong starting salaries  //  Transit friendly 

The Windy City is home to iconic attractions like Wrigley Field and Navy Pier, along with countless comedy clubs, deep-dish pizza spots and bars. Chicago has a plethora of jobs for early-career workers, from finance to tech to working corporate jobs for companies like McDonald’s or United Airlines.

6. Houston, TX

 

Average early-career earnings: $ 65,369

Price of typical starter home: $215,000

Years to save for down payment: 3 years, 7 months

Monthly mortgage payment as % of income: 25.9%

Monthly rent as % of income: 18%

What makes the city rad for recent grads: Job variety  //  Bounced back strong from pandemic  //  Rent won’t bust budget

Everything’s bigger in Texas–especially the number of job opportunities. Houston has a mix of industries, from aerospace engineering at NASA to healthcare at the Texas Medical Center, the world’s largest medical facility. It’s also known for vibrant nightlife, including live music venues and food halls.

7. St. Louis, MO

 

Average early-career earnings: $ 61,834

Price of typical starter home: $ 150,000

Years to save for down payment: 2 years, 7 months

Monthly mortgage payment as % of income: 19.1%

Monthly rent as % of income: 23%

What makes the city rad for recent grads: Plenty of starter homes  //  Job variety  //  Work-life winner

Not only does St. Louis have a lower cost of living than coastal cities, but it’s also home to a variety of entry-level jobs. The most popular industry is healthcare, and there are also opportunities in finance, tech and engineering, among other industries. Twenty-somethings enjoy free attractions like the City Museum and Gateway Arch, along with world-class museums and dining.

8. San Diego, CA

 

Average early-career earnings: $ 74,053

Price of typical starter home: $ 615,000

Years to save for down payment: More than 10 years

Monthly mortgage payment as % of income: 65.4%

Monthly rent as % of income: 64%

What makes the city rad for recent grads: Strong starting salaries  //  New grads love their jobs  //  Work-life winner

When San Diegans aren’t working, they’re at the beach: riding bikes along the coastline, scuba diving, surfing, kayaking or simply sunbathing. But don’t let the city’s laid-back vibes fool you: It’s one of the country’s biggest biotech hubs, and it’s also home to many entry-level positions in industries like healthcare and gaming. Living in San Diego is worth it for those who can afford higher housing costs.

9. Miami, FL

 

Average early-career earnings: $ 62,748

Price of typical starter home: $ 210,000

Years to save for down payment: 3 years, 11 months

Monthly mortgage payment as % of income: 26.4%

Monthly rent as % of income: 33%

What makes the city rad for recent grads: Career-growth potential  //  Job variety  //  Bounced back strong from pandemic

Whether grads want to work in retail, wholesale, construction, real estate, tourism, aviation, healthcare, or any of Miami’s many industries, the city has entry-level jobs for everyone. Add Miami’s white-sand beaches, turquoise water and endless nightlife, and the South Florida city is a twenty-something’s dream.

10. Austin, TX

 

Average early-career earnings: $ 72,025

Price of typical starter home: $ 276,600

Years to save for down payment: 4 years, 1 months

Monthly mortgage payment as % of income: 30.3%

Monthly rent as % of income: 35%

What makes the city rad for recent grads: Jobs galore  //  Work-life winner  //  New grads love their jobs

The “Live Music Capital of the World” is home to music venues and festivals like SXSW and Austin City Limits, and places like Barton Springs Pool and Lady Bird Lake also make it a paradise for water lovers. Industries like healthcare, tech and education offer many entry-level jobs, and Austin’s slow housing market makes it a good time for young buyers to break in.

Mid-Sized Cities

 

1. New Orleans, LA

 

Average early-career earnings: $ 57,414

Price of typical starter home: $ 175,000

Years to save for down payment: 3 years, 1 months

Monthly mortgage payment as % of income: 24%

Monthly rent as % of income: 32%

What makes the city rad for recent grads: Job variety  //  Pedestrian paradise  //  Transit friendly

New Orleans is unique: Recent grads can catch live jazz on Frenchmen Street, eat the famous beignets at Cafe du Monde and take ghost tours in the French Quarter–and once a year, they have front-row seats to Jazz Fest and Mardi Gras. 

It’s a great city for young professionals because in addition to the nonstop fun, New Orleans has a lower cost of living than many other major cities, and there are lots of jobs in industries like hospitality, energy, education and aerospace. The most popular sector for recent grads is healthcare. 

“New Orleans is a whole vibe,” said Jason Gale, a local Redfin Premier agent. “There’s Mardi Gras and Jazz Fest, of course, but every day of the year there’s live music, world-class food, endless parties–and almost everything is walkable. You can stay in your own neighborhood for an entire weekend, walk to different bars, restaurants and shops, and never run out of things to do. For young, first-time buyers, now is a good time to get into the market because sellers are cutting their prices.”

2. Palm Bay, FL

 

Average early-career earnings: $ 65,010

Price of typical starter home: $ 210,000

Years to save for down payment: 3 years, 9 months

Monthly mortgage payment as % of income: 25.4%

Monthly rent as % of income: 25%

What makes the city rad for recent grads: Strong starting salaries  //  Work-life winner

Palm Bay, located on Florida’s east coast about halfway between Daytona Beach and Palm Beach, is a hidden gem for recent grads–and it’s not just because it’s more affordable than other coastal towns. It’s about an hour away from both Orlando’s theme parks and Kennedy Space Center, and it’s home to outdoor adventures like bass fishing and kayaking. Plus, Palm Bay is one of Florida’s fastest-growing tech hubs, with many entry-level positions at aerospace companies like SpaceX and Blue Origin. It also has plenty of retail jobs. 

“Here’s the thought process for recent grads: ‘I can move to Palm Bay or somewhere else in Brevard County and get a great, high-paying job right out of school, pay off my student loans, live in a nice, new property without paying too much or dealing with too much maintenance, and get to a beautiful beach within 15 minutes on the weekend,” said Juan Castro, a Redfin Premier agent in the Orlando area. “Palm Bay is known as the ‘Space Coast’ because it’s home to Blue Origin and many other companies focused on space exploration. For young people, living there is attractive because it’s less expensive than neighboring towns but still offers proximity to a lot of jobs.”

3. Wichita, KS

 

Average early-career earnings: $ 55,285

Price of typical starter home: $ 144,535

Years to save for down payment: 3 years, 1 months

Monthly mortgage payment as % of income: 20.6%

Monthly rent as % of income: 17%

What makes the city rad for recent grads: Plenty of starter homes  //  Affordable starter homes  //  Career-growth potential

Wichita may fly under the radar for college grads from the coasts, but it’s worth considering for its affordable cost of living, unique entertainment and potential for major career growth. The city’s number-one industry for recent grads is aerospace, and it’s also home to Cargill, one of the nation’s biggest food and agricultural companies. To wind down after work, twenty-somethings can head to one of the city’s famous retro arcades or take in a dinner theatre show.

4. Mobile, AL

 

Average early-career earnings: $ 53,030

Price of typical starter home: $ 169,900

Years to save for down payment: 3 years, 5 months

Monthly mortgage payment as % of income: 25.2%

Monthly rent as % of income: 23%

What makes the city rad for recent grads: Pay outpaces rent  //  Career-growth potential  //  Low rents relative to income

A little known fact about Mobile: It’s the birthplace of Mardi Gras in the U.S., predating New Orleans’ celebrations, and it still hosts elaborate celebrations and costume parades through historic districts. The affordable Southern city also has a walkable downtown and proximity to Gulf Coast beaches. On the work side, Mobile is a major hub for aviation manufacturing and shipbuilding, and it also has opportunities in healthcare, logistics and construction.

5. Anchorage, AK

 

Average early-career earnings: $ 65,864

Price of typical starter home: $ 240,000

Years to save for down payment: 3 years, 11 months

Monthly mortgage payment as % of income: 28.7%

Monthly rent as % of income: 31%

What makes the city rad for recent grads: Strong starting salaries  //  Career-growth potential

Anchorage is one of the only places in the country where you can spend the day photographing glaciers and fishing for salmon and the night dining at a four-star restaurant. The land of the midnight sun offers grads jobs in oil and gas, tourism, government, transportation, fishing, healthcare and several other industries.

6. Lincoln, NE

 

Average early-career earnings: $ 53,871

Price of typical starter home: $ 212,000

Years to save for down payment: 4 years, 7 months

Monthly mortgage payment as % of income: 31%

Monthly rent as % of income: 23%

What makes the city rad for recent grads: New grads love their jobs  //  Work-life winner  //  Low rents relative to income

Whether recent grads work in education at the University of Nebraska or manufacturing at Kawasaki Motors, Lincoln is a major employer. And after work, young professionals can take in a college football game or a touring Broadway show, attend farmers markets or take in an outdoor concert.

7. Trenton, NJ

 

Average early-career earnings: $ 74,570

Price of typical starter home: $ 220,000

Years to save for down payment: 4 years, 9 months

Monthly mortgage payment as % of income: 23.2%

Monthly rent as % of income: 33%

What makes the city rad for recent grads: Affordable starter homes  //  Strong starting salaries  //  Jobs galore

Trenton is more affordable than many other East Coast cities, and it has a strong entry-level job market in industries like education and government. The New Jersey capital also has easy access to both New York City and Philadelphia, and young professionals sticking around Trenton for the weekend can partake in the city’s vibrant art galleries, famous barbecue restaurants and minor league baseball games.

8. Bridgeport, CT

 

Average early-career earnings: $ 72,503

Price of typical starter home: $ 330,000

Years to save for down payment: 5 years, 11 months

Monthly mortgage payment as % of income: 35.9%

Monthly rent as % of income: 38%

What makes the city rad for recent grads: Strong starting salaries  //  Job variety  //  Transit friendly

Whether grads are looking for a job in manufacturing, healthcare, education, finance, law or construction, Bridgeport is a good place to look. The city offers a fairly affordable cost of living with big-city access, and it’s home to unique recreational activities like outdoor yoga, an award-winning distillery and a famous cabaret theater. 

9. Waco, TX

 

Average early-career earnings: $ 50,430

Price of typical starter home: $ 180,000

Years to save for down payment: 4 years, 9 months

Monthly mortgage payment as % of income: 28.1%

Monthly rent as % of income: 31%

What makes the city rad for recent grads: New grads love their jobs  //  Career-growth potential

From education to retail to customer service to aerospace, Waco has thousands of entry-level jobs for recent college grads–and it has a lower cost of living than nearby big cities like Dallas or Austin. Outside of work, new grads may enjoy Magnolia Market, made famous by Chip and Joanna Gaines, or hiking and biking along the Brazos River. 

10. Lexington, KY

 

Average early-career earnings: $ 52,648

Price of typical starter home: $ 211,000

Years to save for down payment: 5 years

Monthly mortgage payment as % of income: 31.6%

Monthly rent as % of income: 34%

What makes the city rad for recent grads: Bounced back strong from pandemic  //  Pedestrian paradise

The University of Kentucky, the state government and a huge Amazon distribution center are some of the biggest employers in Lexington. The “Horse Capital of the World” offers young grads the opportunity to take in world-famous horse racing, and it’s also home to renowned bourbon distilleries.

Small Cities

 

1. Springfield, IL

 

Average early-career earnings: $ 59,925

Price of typical starter home: $ 128,000

Years to save for down payment: 2 years, 3 months

Monthly mortgage payment as % of income: 16.8%

Monthly rent as % of income: 16%

What makes the city rad for recent grads: Affordable starter homes  //  Strong starting salaries  //  Work-life winner

Springfield offers young grads career opportunities in healthcare, state government, public policy and education, along with many other industries. Plus, the Illinois capital has a low cost of living, a lively music scene and outdoor recreation along Lake Springfield.

2. Santa, FE, NM

 

Average early-career earnings: $ 81,848

Price of typical starter home: $ 359,950

Years to save for down payment: 5 years, 7 months

Monthly mortgage payment as % of income: 34.6%

Monthly rent as % of income: 39%

What makes the city rad for recent grads: Strong starting salaries  //  Career-growth potential  //  Work-life winner

Santa Fe draws people in their twenties with a unique arts-and-culture vibe, offering galleries, music venues and outdoor activities in the high desert. For early-career workers, Santa Fe’s economy offers opportunities in state government, tourism and hospitality, healthcare, the arts and nonprofits.

3. Panama City, FL

 

Average early-career earnings: $ 61,160

Price of typical starter home: $ 230,000

Years to save for down payment: 4 years, 8 months

Monthly mortgage payment as % of income: 29.6%

Monthly rent as % of income: 46%

What makes the city rad for recent grads: Career-growth potential  //  Work-life winner  //  Pay outpaces rent

Panama City is a Gulf Coast playground for people in their twenties, with a laid-back beach lifestyle, waterfront festivals, live music spots and outdoor adventures on St. Andrews Bay. The local economy leans on tech, tourism, hospitality, healthcare, shipbuilding, and government jobs tied to military bases. It offers early-career gigs in hospitality, retail, healthcare support, public services and small businesses. 

4. Hilton Head Island, SC

 

Average early-career earnings: $ 51,887

Price of typical starter home: $ 317,500

Years to save for down payment: More than 10 years

Monthly mortgage payment as % of income: 48.2%

Monthly rent as % of income: 60%

What makes the city rad for recent grads: Plenty of starter homes  //  Job variety  //  Work-life winner

Recent grads craving a unique out-of-college experience may turn to Hilton Head Island, a classic beach town with miles of coastline to bike, surf, kayak or chill on the beach. When it comes to work, early-career workers will find jobs in an economy fueled by tourism and hospitality, with gigs including retail, resort management and food service. Some people who work on Hilton Head Island live in the South Carolina Lowcountry, just across the bridge.

5. Macon, GA

 

Average early-career earnings: $ 55,037

Price of typical starter home: $ 139,000

Years to save for down payment: 3 years, 1 months

Monthly mortgage payment as % of income: 19.9%

Monthly rent as % of income: 25%

What makes the city rad for recent grads: Affordable starter homes  //  Jobs galore  //  Job variety

For young adults, Macon is full to the brim with live music, beer gardens and arcade bars. The Southern town’s growing job market is anchored by healthcare, manufacturing and logistics–and as a bonus, housing is affordable.

6. Champaign, IL

 

Average early-career earnings: $57,356

Price of typical starter home: $ 157,000

Years to save for down payment: 3 years

Monthly mortgage payment as % of income: 21.6%

Monthly rent as % of income: 24%

What makes the city rad for recent grads: Affordable starter homes  //  New grads love their jobs  //  Transit friendly

Champaign is a college town that’s also friendly to recent grads. From eclectic bars to arts festivals and farmers markets to an annual St. Patrick’s Day festival, Champaign keeps twenty-somethings entertained year-round. It also has a strong scene for young workers, with plenty of jobs at the University of Illinois and the growing healthcare, tech and service sectors–plus, there are lots of networking opportunities and job fairs. 

7. Greenville, NC

 

Average early-career earnings: $ 52,195

Price of typical starter home: $ 187,000

Years to save for down payment: 5 years, 3 months

Monthly mortgage payment as % of income: 28.2%

Monthly rent as % of income: 26%

What makes the city rad for recent grads: Rent won’t bust budget  //  High number of job openings per worker

Aside from offering affordable housing options, Greenville keeps the fun rolling for young professionals with a lively uptown district full of bars, restaurants, live music and parks. For early-career workers, the area has a growing job market in industries like healthcare, education, manufacturing and biotech.

8. Columbia, MO

 

Average early-career earnings: $ 51,379

Price of typical starter home: $ 199,900

Years to save for down payment:  4 years, 6 months

Monthly mortgage payment as % of income: 30.7%

Monthly rent as % of income: 28%

What makes the city rad for recent grads: Work-life winner  //  Career-growth potential  //  New grads love their jobs

Columbia packs college-town buzz with fun vibes for people in their twenties, from indie music venues to eclectic festivals like the True/False Film Fest to art crawls to bike trails. The city’s diverse job market is anchored by the University of Missouri, and it offers early-career jobs in education, healthcare, tech, public service and small businesses.

9. Bend, OR

 

Average early-career earnings: $ 65,866

Price of typical starter home: $ 359,999

Years to save for down payment: 8 years, 2 months

Monthly mortgage payment as % of income: 43.1%

Monthly rent as % of income: 56%

What makes the city rad for recent grads: Strong starting salaries  //  Job variety  //  Work-life winner

Bend attracts outdoor enthusiasts with its mountain biking, hiking, skiing and river rafting. Recent grads also love the Oregon town for its craft-beer and music scenes. For early-career workers, the job market offers opportunities in tourism and outdoor gear manufacturing, along with more traditional industries like tech. 

10. Rochester, MN

 

Average early-career earnings: $ 68,496

Price of typical starter home: $ 215,000

Years to save for down payment: 3 years, 5 months

Monthly mortgage payment as % of income: 24.7%

Monthly rent as % of income: 19%

What makes the city rad for recent grads: Strong starting salaries  //  New grads love their jobs  //  Pedestrian paradise

Rochester blends a laid-back Midwestern vibe with live music, indie art, local breweries and outdoor trails and farmers markets. Its early-career scene is anchored by the Mayo Clinic and a strong healthcare sector, with solid growth in manufacturing, retail and small business.

Here’s a video on what makes these cities rad for recent grads, featuring Redfin Chief Economist Daryl Fairweather and Redfin Premier agent Juan Castro:

 

Methodology

 

This report is based on a Redfin-Glassdoor ranking of the best U.S. metro areas in the U.S. for recent college graduates, broken into three categories: Big, medium-sized and small. For this report, metro areas are referred to as “cities.” Redfin and Glassdoor  ranked places based on 13 indicators across housing affordability, career opportunity and urban quality of life. Indicators were normalized (using z-scores) and averaged within those three broad categories. Overall rankings are based on the weighted sum of ranks across the factors. Here are more details on each broad category:

Housing affordability

• Starter home availability: Starter homes sold per 1,000 residents 
• Ownership cost:  early-career income divided by median starter home price 
• Ownership cost trend: Early career earnings growth minus starter home price growth 
• Rent-to-income ratio: Average monthly condo/co-op cost, divided by monthly early-career salary

Career opportunity

• Early-career income: Early-career workers  
• Economic diversity: Concentration of early-career workers in particular sectors 
• Overall job satisfaction: Average employer ratings from early-career workers 
• Career opportunity satisfaction: average career opportunity rating from early-career workers 
• Job availability: Number of distinct job postings  per 100 workers 
• Post-pandemic job availability trend: Five-year trend in job posting volume

Urban quality of life

• Average work-life balance ratings: Early-career workers 
• Median Walk Score 
• Median Transit Score

Metrics were calculated using 563,000 Glassdoor salary reviews collected in 2025 from early-career workers, 662,000 Glassdoor employer reviews collected from early-career workers between 2023 and 2025, over 22 million job postings on Glassdoor from 2025, and over 2.5 million 2025 property sales from Redfin.

Metrics were calculated for all available MSAs, and MSAs were excluded from consideration if four or more indicators were missing.

Trend data (housing prices, early-career wages, and job posting volume) were generated by regressing available (logged) values between 2018-2025 (2020-2025 in the case of job postings) to calculate an annualized trend.

The post From Nebraska to Alaska: Redfin and Glassdoor Rank the Top U.S. Cities For New Grads appeared first on Redfin Real Estate News.

Redfin has been recognized among the top residential real estate brokerages for the fourth year in a row! In 2025, our agents closed 50,484 transactions, totaling nearly $32 billion in sales – earning the #8 spot on the RealTrends Verified Brokerage Rankings by both sales volume and transaction count.

Redfin Agents Remain The Most Productive

The average Redfin agent closed more than 22 deals in 2025—nearly three times the productivity of agents at other top-10 brokerages, according to RealTrends data. 

Our agents also led in sales volume, with an average agent sales volume of approximately $14 million. That’s almost double the per-agent volume of our next closest competitor. 

This level of productivity isn’t an accident. It reflects the talent of our agents and the strength of the platform behind them. This allows Redfin to help customers navigate even the most challenging markets with confidence. 

We’re Just Getting Started

What makes this recognition even more meaningful is the small but mighty team behind it. Redfin had just under 2,300 agents at the end of 2025, a fraction of many of our competitors – some of which have tens of thousands of agents. 

It’s proof that when you pair great agents with the right tools, support, and demand, you get outsized results.

In 2026, we’re building on this momentum. We’re continuing to invest in our agents through Redfin Next and Redfin Teams – giving them more control over their business, stronger economics, and the tools they need to grow their business while delivering a better experience for customers

As part of Rocket Companies, we’re accelerating that work by bringing together brokerage, lending, and technology to create a more seamless, end-to-end experience for customers and more opportunity for agents.

And through our partnership with Compass International Holdings, we’re expanding the selection of homes on Redfin.com, bringing more choice to customers and more demand to our platform. We’re proud to work with one of the nation’s top brokerages to unlock more inventory and help more people home.

It all comes back to a simple idea: when you put the customer at the center, everything else follows.

That’s why agents are choosing Redfin. We help them generate demand, operate more efficiently, and focus on what matters most: guiding customers through one of the most important decisions of their lives. The result is stronger performance, higher earnings potential, and a more scalable path to building a lasting business.

And we’re not slowing down. With Rocket’s platform, continued investment in our agents, and partnerships that expand our reach, Redfin is in a stronger position than ever to lead – and to make real estate better for customers across the country.

Are you ready to join some of the best agents in the industry and take your career to the next level? We’re always looking for ambitious, mission-driven agents to join our team. Visit our career page or join our talent community to learn more.

The post Redfin Earns Top 10 Spot in RealTrends Verified Rankings, Powered by Agent Productivity appeared first on Redfin Real Estate News.

Easter weekend also sidelined many would-be buyers. The Iran war ceasefire announced Tuesday could ease mortgage rates.

U.S. pending home sales fell 2.4% year over year during the four weeks ending April 5, the biggest decline in three months. Sales fell most in Providence, RI (-15.5%), Houston (-15.4%) and New York (-15.3%). They increased most in West Palm Beach, FL (20.9%), San Francisco (16.7%) and San Jose, CA (11.4%).

Homes are selling slowly, too: The typical home that went under contract did so in 51 days nationwide, the longest span for this time of year since 2019. 

Homebuyers are backing off for a few reasons:

• • Rising mortgage rates. The weekly average mortgage rate jumped to 6.46%, the highest level since September. 
  • Rising prices. Home-sale prices rose 2.2% annually, the biggest increase in a year. Together with increasing rates, that has pushed the median monthly mortgage payment to $2,750, up slightly (0.2%) from a year earlier. 
  • The Iran war. The Iran war and the turmoil it’s causing in the markets are the reason mortgage rates are rising. The war is also contributing to widespread economic uncertainty, sidelining many would-be homebuyers. The ceasefire that was announced on Tuesday sent oil prices down and rallied markets, and it could help bring mortgage rates back down into the low-6% range.
  • Easter effect. House hunters took a break over Easter weekend, which fell during this 4-week period but not during last year’s comparable period. 

On the selling side, new listings dipped 2.6% year over year, the biggest decline in a month, also partly due to the impact of Easter weekend. New listings dropped most in Tampa, FL (-17.2%), Providence (-16.6%) and Miami (-13.5%). They increased in just five metro areas: San Jose (14.4%), Philadelphia (8%), Milwaukee (7.6%), Cincinnati (1.2%) and Baltimore (0.6%). 

While new listings are losing steam, it’s still a strong buyer’s market almost everywhere in the country. 

“There are more homes on the market than there are buyers, so sellers need to make sure their house stands out,” said Jesse Landin, a Redfin Premier agent in San Antonio. “The most important day is picture day—that determines whether house hunters will actually walk through your home. Paint the walls, make small repairs, and, if you can afford it and your local agent agrees it’s worthwhile, make bigger repairs. Your agent should also hire the right media group for photography and video; pictures taken with a phone just don’t cut it anymore. And make sure you hire an agent with a clear, specific plan for your home, not just a generic approach. That’s what I do—I have a plan for each home. Buyers making large down payments and taking on high monthly payments want a home that’s as close to perfect as possible, because they have more choices in the market.”

For Redfin economists’ takes on the housing market, please visit Redfin’s “From Our Economists” page. 

Leading indicators 

 

Indicators of homebuying demand and activity
	Value (if applicable)	Recent change	Year-over-year change	Source
Daily average 30-year fixed mortgage rate	6.38% (April 8)	Up from 4-year low of 5.99% five weeks earlier	Down from 6.6%	Mortgage News Daily
Weekly average 30-year fixed mortgage rate	6.46% (week ending April 2)	Highest level since September	Down from 6.64%	Freddie Mac
Mortgage-purchase applications (seasonally adjusted)		Up 1% from a week earlier (as of week ending April 3)	Down 7%	Mortgage Bankers Association
Google searches of “homes for sale”		Up 6% from a month earlier (as of April 4)	Up 10%	Google Trends
Touring activity		Up 17% from the start of the year (as of April 4)	At this time last year, it was up 39% from the start of 2025	ShowingTime
Redfin’s Homebuyer Demand Index was removed this week to ensure data accuracy.

Key housing-market data

 

U.S. highlights: Four weeks ending April 5, 2026 Redfin’s national metrics include data from 400+ U.S. metro areas and are based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision.
	Four weeks ending April 5, 2026	Year-over-year change	Notes
Median sale price	$392,973	2.2%	Biggest increase in a year
Median asking price	$423,438	1.6%
Median monthly mortgage payment	$2,750 at a 6.46% mortgage rate	0.2%
Pending sales	87,473	-2.4%	Biggest decline in 3 months
New listings	101,059	-2.6%	Biggest decline in a month
Active listings	1,082,132	-2.2%	Biggest decline since 2023
Months of supply	4.2	Essentially unchanged	4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions
Share of homes off market in two weeks	38.3%	Essentially unchanged
Median days on market	51	+6 days	Longest span for this time of year since 2019
Share of homes sold above list price	23.5%	Down from 25%
Average sale-to-list price ratio	98.5%	Down from 98.6%

Metro-level highlights: Four weeks ending April 5, 2026 Redfin’s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.
	Metros with biggest year-over-year increases	Metros with biggest year-over-year decreases	Notes
Median sale price	San Francisco (10.9%) Montgomery County, PA (8.4%) Detroit (7.7%) Pittsburgh (7%) Milwaukee (6.4%)	Oakland, CA (-3.8%) Seattle (-2.3%) Dallas  (-2%) Riverside, CA (-1.9%) Nashville, TN (-1.9%)	Declined in 15 metros
Pending sales	West Palm Beach, FL (20.9%) San Francisco (16.7%) San Jose, CA (11.4%) Miami (7.7%) Milwaukee (5.2%)	Providence, RI (-15.5%) Houston (-15.4%) New York (-15.3%) Seattle (-14.6%) Nassau County, NY (-14.3%)
New listings	San Jose, CA (14.4%) Philadelphia (8%) Milwaukee, WI (7.6%) Cincinnati (1.2%) Baltimore (0.6%)	Tampa, FL (-17.2%) Providence, RI (-16.6%) Miami (-13.5%) Riverside, CA (-12.8%) Jacksonville, FL (-12.8%)	Increased in just 5 metros

Refer to our metrics definition page for explanations of all the metrics used in this report.

 

The post Pending Home Sales Post Biggest Decline in 3 Months as High Rates, Iran War Chill Market appeared first on Redfin Real Estate News.

• February home sellers who cut their price lowered it by $41,000, on average, or 7.3%.

• Home sellers in Texas and Florida were most likely to make price cuts, while sellers in the Bay Area were least likely.

More than one-third (34.2%) of February home sellers lowered their list price. That’s up from 31.5% a year earlier and represents the highest February share in records dating back to 2012.

 

February home sellers who lowered their list price cut it by an average of $40,915, or 7.3%—the highest February percentage since 2023.

Among all February home sellers (not just those who reduced their price), the average price cut was $13,463, or 2.4%—the highest February percentage on record.

 

This is based on a Redfin analysis that compares original list prices to final list prices in U.S. MLS home-sale records. While this analysis measures closed home sales only, it does not measure final sale prices, which in some cases include additional price reductions based on negotiations with buyers. Click here to see our separate analysis comparing original list prices to final sale prices.

Price cuts are on the rise because it’s a buyer’s market. There are hundreds of thousands more home sellers in the market than buyers because buyers have been spooked by high mortgage rates, high prices and economic uncertainty. When sellers outnumber buyers, buyers can often negotiate on price because they have a lot of options to choose from. Allowing sellers to pre-market their homes before putting them on the MLS can help them price more accurately, reducing the chances of a price cut. 

Springtime Is the Best Time to Sell a Home Without a Price Cut

We compare February 2026 to prior Februarys because price-cut data is seasonal, but this masks seasonal trends that prospective sellers should be aware of. Sellers who seal the deal in springtime, which recently began, are the least likely to face a price cut. Sellers who close in the winter—specifically December—are most likely to face a price cut.

In six of the past 10 years, May was the month with the lowest share of price cuts. April had the lowest share in three of the past 10 years, including 2024 and 2025.

 

“A lot of people who couldn’t sell their homes last year opted to delist instead of reducing the price, with a plan to relist this spring because they knew that would give them a better chance of selling,” said Aditi Jain, a Redfin Premier real estate agent in Boston. “The Boston market is very different in spring versus fall. Some homeowners need to move immediately, but those who can afford to time the market may get a better price.”

Redfin reported last month that relistings are on the rise as home sellers bet on a stronger spring market; nearly 45,000 U.S. homes that were delisted last year were relisted for sale in January 2026—the highest January figure in records dating back to 2016.

It’s worth noting that this analysis doesn’t include price cuts that happened prior to a relisting, meaning the share of home sellers who cut their price may be even higher than reported. For example, if a seller lowered the list price of their home in September, delisted it in October and then relisted it in February, the September price cut wouldn’t be reflected in the aforementioned statistic about 34.2% of home sellers cutting their price.

Sellers Who Have Been In Their Homes a Long Time Are Less Likely to Cut Prices

 

The longer someone owns their home, the lower the chances of a price cut. Less than one-third (31.8%) of February 2026 sellers who had been in their home for at least seven years lowered their price. That compares with 34.9% of sellers who had been in their home for two to seven years, and 37.4% of sellers who had been in their home for zero to two years. 

Many people who bought homes in the past seven years bought during the peak of the pandemic market when home prices were soaring. In a lot of areas, prices have since come down, meaning sellers are at risk of being underwater. Many of these sellers price high initially in an attempt to recoup their investment, only to find they must lower their expectations because the market has adjusted.

Home Sellers In Texas and Florida Are Most Likely to Cut Their Price

In San Antonio, 57.9% of February home sellers lowered their list price—the highest share among the 50 most populous U.S. metropolitan areas. Next came Austin, TX (55.2%), Dallas (47.3%), Tampa, FL (45.9%) and Fort Lauderdale, FL (44.9%).

Texas and Florida are home to some of the nation’s strongest buyer’s markets in part because they have been building more homes than other states. That has given buyers options, and thus, bargaining power. Florida is also grappling with intensifying natural disasters, soaring insurance premiums and rising condo HOA fees, which has prompted some homeowners to leave. 

Home Sellers In the Bay Area Are Least Likely to Cut Their Price

Home sellers were least likely to reduce their price in San Francisco, where 7.4% of February home sales included price cuts. Next came San Jose, CA (11.1%), Newark, NJ (12.9%), Oakland, CA (14.3%) and Seattle (18.4%). 

Bay Area home sellers are known for underpricing their homes to fuel bidding wars, which lowers the chances of a seller having to cut their price.

Metro-Level Data: February 2026

The table below includes the 50 most populous U.S. metro areas.

U.S. metro area	Share of home sales with a price cut	Average price cut among sellers who cut prices (%)	Average price cut among sellers who cut prices ($)	Average price cut (%) among all sellers	Average price cut ($) among all sellers
Anaheim, CA	20.7%	6.0%	$142,463	1.1%	$27,949
Atlanta, GA	34.0%	6.4%	$29,845	2.1%	$9,889
Austin, TX	55.2%	9.1%	$54,685	4.9%	$29,669
Baltimore, MD	31.4%	7.3%	$31,765	2.0%	$9,063
Boston, MA	20.6%	6.5%	$57,426	1.2%	$11,352
Charlotte, NC	42.6%	6.8%	$35,792	2.8%	$14,497
Chicago, IL	21.3%	6.2%	$23,677	1.3%	$4,929
Cincinnati, OH	28.8%	5.7%	$21,866	1.6%	$6,199
Cleveland, OH	30.2%	7.6%	$20,641	2.3%	$6,157
Columbus, OH	37.9%	6.7%	$26,213	2.5%	$9,702
Dallas, TX	47.3%	7.7%	$41,995	3.6%	$19,645
Denver, CO	33.4%	6.7%	$50,088	2.2%	$16,405
Detroit, MI	29.0%	9.3%	$17,139	2.7%	$5,076
Fort Lauderdale, FL	44.9%	7.6%	$42,284	3.4%	$18,738
Fort Worth, TX	43.2%	6.8%	$31,149	2.9%	$13,269
Houston, TX	38.4%	7.9%	$33,754	2.5%	$11,583
Indianapolis, IN	42.5%	6.9%	$24,387	2.8%	$10,078
Jacksonville, FL	44.6%	7.2%	$33,907	3.1%	$14,864
Kansas City, MO	30.7%	6.7%	$27,318	1.9%	$7,665
Las Vegas, NV	34.5%	5.4%	$36,811	1.8%	$12,225
Los Angeles, CA	24.0%	7.0%	$117,727	1.5%	$26,478
Miami, FL	43.1%	8.2%	$125,131	3.4%	$53,511
Milwaukee, WI	20.3%	7.1%	$24,304	1.3%	$4,449
Minneapolis, MN	27.0%	5.7%	$25,386	1.5%	$6,614
Montgomery County, PA	24.7%	6.4%	$41,822	1.4%	$9,483
Nashville, TN	31.7%	6.0%	$41,600	1.8%	$12,859
Nassau County, NY	21.2%	7.0%	$88,472	1.4%	$17,904
New Brunswick, NJ	23.9%	6.8%	$37,353	1.6%	$8,526
New York, NY	27.2%	7.7%	$217,417	1.9%	$55,942
Newark, NJ	12.9%	6.6%	$48,078	0.7%	$5,751
Oakland, CA	14.3%	6.3%	$60,579	0.8%	$7,521
Orlando, FL	43.4%	7.0%	$38,269	3.0%	$16,269
Philadelphia, PA	34.7%	8.5%	$42,136	2.7%	$13,810
Phoenix, AZ	42.8%	6.2%	$45,190	2.5%	$18,695
Pittsburgh, PA	37.8%	9.0%	$24,569	3.2%	$8,801
Portland, OR	36.2%	6.5%	$44,422	2.3%	$15,786
Providence, RI	19.9%	6.2%	$44,090	1.1%	$8,398
Riverside, CA	32.7%	6.4%	$51,166	2.0%	$16,133
Sacramento, CA	26.0%	5.6%	$46,337	1.3%	$11,464
San Antonio, TX	57.9%	8.7%	$32,909	4.9%	$18,686
San Diego, CA	22.0%	5.9%	$77,416	1.1%	$14,872
San Francisco, CA	7.4%	7.7%	$142,836	0.4%	$7,777
San Jose, CA	11.1%	6.8%	$152,108	0.6%	$13,831
Seattle, WA	18.4%	6.0%	$51,842	1.1%	$9,243
St. Louis, MO	29.5%	7.7%	$21,062	2.1%	$5,765
Tampa, FL	45.9%	8.2%	$41,279	3.7%	$18,653
Virginia Beach, VA	21.5%	4.9%	$20,698	1.0%	$4,047
Warren, MI	28.1%	6.7%	$23,356	1.8%	$6,189
Washington, DC	27.0%	6.1%	$45,032	1.6%	$11,631
West Palm Beach, FL	42.3%	9.1%	$95,559	3.8%	$38,893

The post A Record 34% of February Home Sellers Cut Their List Price appeared first on Redfin Real Estate News.

Just a 30-minute drive outside Dublin sits the Village at Lyons, a privately owned village dating back to the 18th century. It recently went on the market for $23,078,698. 

The village sits on 20 acres and has 47 bedrooms. Some additional features include a caretaker house, a carriage house, a guest house, a fitness room, and a yoga space. It also has lake, river views and an indoor and outdoor spa.  

Part of the village dates back to the 18th century and was left abandoned for many years before the co-founder of Ryanair, Dr. Tony Ryan, bought it in the 1990s and put millions of dollars into restoring it and recreating the original village, David Byrne, Lisney Sotheby’s International Realty’s managing director, told Redfin News. 

When Ryan passed away in 2007, the village was sold to a private owner who is now selling it. 

“It’s almost like stepping back in time. It’s an architectural wonderland. The attention to detail in every single element of the village front, the windows, the doors, the chimneys, is utterly remarkable. It’s very much evidence of someone who has a phenomenal eye and brought world-class restoration to this project. It’s a really unique Irish estate village. Everywhere you look, there is something new and unique to see. It’s a masterpiece in its own right,” Bryne said. 

The village also has two bars, a coffee shop, and a corporate event space that could easily be adapted for other uses, Byrne added. 

At the moment, the village is run as a hospitality destination. A stay at the hotel on the village grounds starts at $269 a night. 

“It is a magnificent place. You can literally feel the passion that went into restoring it at every turn. It has this unworldly feel about it once you’re through the gates. It’s a truly special place,” Bryne says. 

The carrying costs are being kept confidential while the village is on the market,” he added. 

“The ideal buyer could be somebody in the hospitality space who sees an opportunity to elevate this village even further and unleash the full potential of this village. It could equally be somebody who just thinks it’s the most wonderful opportunity to own a private estate in Ireland [41 miles] from Dublin,” Byrne said. “We’re kind of looking forward to finding out who the next owner is, in truth. Whoever it is, it will be somebody who appreciates the cultural significance of the village and they would become a steward of the village. What they do with it will be amazing to see.”

The post Ryanair Co-Founder Restored An 18th Century Village in Ireland and now it’s up for sale for $23 million appeared first on Redfin Real Estate News.

• Empty-nest baby boomers own many more 3-bedroom-plus U.S. homes than younger families raising children, underscoring a mismatch between who has space and who needs it. 
• Millennials with kids are facing both affordability and inventory challenges–but at the same time, baby boomers have little financial incentive to move–and there’s limited inventory of reasonably priced, small, one-story homes for them to go to. 
• More large homes could hit the market as affordability improves, the lock-in effect eases and it becomes easier for sellers to test the market via the new Redfin-Compass partnership. 
• Empty-nest baby boomers own more large homes than millennials with kids in every major U.S. metro. Millennial families own the biggest portion of large homes in Austin and Columbus, and the smallest portion in Los Angeles. 

Baby boomers living in one- to two-adult households own 28% of large homes in the U.S. By comparison, millennials with children living at home own 16% of those houses—barely more than half as much. Gen Z parents own less than 1% of the nation’s large homes.

Baby boomers with households of three adults or more own an additional 7% of the country’s three-bedroom-plus homes (which we also refer to as “large homes” in this report). Those are likely made up of adult children living with their parents. 

 

This is based on a Redfin analysis of U.S. Census data from 2024 (the most recent year for which data is available) that breaks down the share of three-bedroom-plus homes owned and occupied by each generation, by household type and size. See the end of this report for more details on methodology.

Millennials are the largest generation of parents in the U.S., but they own a relatively small share of family-sized housing. Gen Z parents—many of whom are just beginning to enter the housing market—barely register at all. It’s also worth noting that millennials are the largest generation in the U.S., period.

This dynamic can limit mobility for younger families, many of whom face both inventory and affordability challenges when trying to upgrade to bigger homes. One, there aren’t enough large homes on the market for the millennial families who need them, partly because in some parts of the country, there aren’t enough small reasonably priced homes for older Americans to downsize into. And two, home prices and mortgage rates are high; in many parts of the U.S., families are priced out of the housing market. 

More than one-quarter (28%) of millennials aren’t buying a home in the near future because mortgage rates are too high, the most commonly cited reason for not buying among people in that age group who are either renters or long-term homeowners unlikely to move soon. That’s according to a November 2025 Redfin survey fielded by Ipsos. One in five (20%) aren’t buying a home soon because they’re unable to save for a down payment. Some millennials just don’t want to buy a home: 13% enjoy the flexibility of a rental lease, and 6% don’t want to put in the effort to maintain a home. 

At the same time, many baby boomers have little financial incentive to move, often benefiting from low mortgage rates or fully paid-off homes. Nearly three in five (57.8%) baby-boomer homeowners have no mortgage; their home is fully paid off. 

There are also social and lifestyle reasons to stay put: Baby boomers, in their sixties and seventies, may want to stay in the neighborhoods they’ve lived in for a long time, close to their friends, family, work and/or recreational activities. It’s also worth noting that one reason baby boomers own more large homes is simply because they’re older and have had more time to earn and save money, and use it to buy large homes.  

“Younger buyers are looking to move into single-family homes in specific neighborhoods, those with a family friendly vibe and highly rated schools,” said Brenda Beiser, a Redfin Premier agent in Philadelphia. “The problem is, younger families have a hard time finding those homes because the older people living in them can’t find anywhere they want to move to. I hear empty nesters say they want to downsize, but it’s hard to find move-in ready, small, one-story homes or condos in their price range–especially since many of them are living in a fully paid-off home. So there’s a lack of movement that’s keeping both older and younger buyers where they are, even though the older ones want a smaller home and the younger ones want a bigger home.”

More Large Homes Could Hit the Market as Affordability Improves

 

Homebuying affordability is improving, and Redfin economists expect it to improve more as the year goes on. That could allow some younger buyers to break into the market. Additionally, there could be more large homes come on the market as the mortgage-rate lock-in effect eases.

Redfin agents in some parts of the country say they’re starting to see more older homeowners downsize. A Redfin agent in Omaha, NE said some baby boomers are selling to younger families as they move into homes without stairs and without much maintenance. A Sacramento Redfin said several older residents are selling the family home because they’re downsizing—though those listings are rare, and competitive. 

Redfin and Compass recently partnered on a phased marketing initiative that could motivate more homeowners to sell. Redfin economists estimate that housing inventory could increase by 6% to 12% annually in markets where home sellers are given the flexibility to test pricing strategies before formally listing. 

A separate Redfin analysis found that the median age of first-time homebuyers has ticked down, from 38 in 2018 to 35 in 2025, signaling that at least some housing inventory is turning over to younger Americans. Additionally, Gen Z’s homeownership rate ticked up in 2025, and millennials eked out a gain, too. 

Millennials Have Gained Ground Over the Last Decade, But It’s Not Because Baby Boomers Are Letting Go of Their Homes 

 

Empty-nest baby boomers own essentially the same share of large homes they did a decade ago: In 2014, they owned 27.7% of the nation’s stock of large homes; now, they own 27.8%. 

Millennials with kids have made progress as they’ve grown into prime homebuying and child-rearing age. In 2014, they owned 4.9% of the nation’s large homes; now, they own 15.7%. 

Some of the large homes millennials now own come from the oldest living generation. In 2014, the Silent Generation owned about 18% of the nation’s large homes; now, they own about 8%. 

Millennials With Kids Own the Biggest Portion of Large Homes in Austin and Columbus, and the Smallest Portion in Los Angeles

 

Empty-nest baby boomers own more large homes than millennials with kids in every major U.S. metro. 

Millennials with kids own less than 20% of large homes everywhere in the country. They own the biggest share of large homes, 19.2%, in Austin, TX and Columbus, OH. Minneapolis (18.9%) rounds out the top three. 

Millennials with kids own the smallest share of large homes in Los Angeles, where they own just 10.5% of them. It’s followed by Miami (12.5%) and San Jose, CA (13.1%). 

On the flip side, empty-nest baby boomers own at least 20% of large homes everywhere in the country. They take up the biggest share of large homes in Memphis, TN, where they own 31.2% of the metro area’s three-bedroom-plus homes. It’s followed closely by Cleveland, where empty nesters own 30.9% of the metro’s three-bedroom-plus homes, and Pittsburgh (30.6%). 

In Salt Lake City, empty nesters own one in five (20.1%) of the metro area’s large homes, the smallest share in the U.S. It’s followed by Riverside, CA (21.4%) and Austin, TX (22%). 

Metro-Level Summary: Who Owns the Metro Area’s Stock of Large Homes? 50 most populous U.S. metro areas Large homes = three-plus bedrooms Empty nesters = Baby boomers with 1-2 adults living in the household
U.S. metro area	Share of large homes owned by millennials w/ kids	Share of large homes owned by empty-nest baby boomers
Atlanta, GA	15.9%	25.1%
Austin, TX	19.2%	22.0%
Baltimore, MD	15.4%	26.8%
Birmingham, AL	15.3%	28.3%
Boston, MA	16.1%	25.1%
Buffalo, NY	15.9%	29.3%
Charlotte, NC	16.5%	25.1%
Chicago, IL	15.9%	24.8%
Cincinnati, OH	17.7%	27.4%
Cleveland, OH	13.9%	30.9%
Columbus, OH	19.2%	25.3%
Dallas, TX	17.6%	22.8%
Denver, CO	16.4%	24.5%
Detroit, MI	14.8%	27.3%
Hartford, CT	15.9%	26.7%
Houston, TX	18.3%	22.3%
Indianapolis, IN	18.6%	25.2%
Jacksonville, FL	15.9%	28.8%
Kansas City, MO	18.6%	27.8%
Las Vegas, NV	14.7%	23.4%
Los Angeles, CA	10.5%	23.9%
Louisville, KY	15.2%	28.8%
Memphis, TN	13.9%	31.2%
Miami, FL	12.5%	23.8%
Milwaukee, WI	16.1%	29.2%
Minneapolis, MN	18.9%	25.5%
Nashville, TN	17.4%	25.0%
New Orleans, LA	15.5%	30.0%
New York, NY	13.9%	24.4%
Oklahoma City, OK	18.6%	27.0%
Orlando, FL	13.7%	24.7%
Philadelphia, PA	15.0%	26.6%
Phoenix, AZ	15.3%	25.2%
Pittsburgh, PA	15.5%	30.6%
Portland, OR	16.0%	26.7%
Providence, RI	14.5%	27.0%
Raleigh, NC	16.7%	24.8%
Richmond, VA	15.9%	29.3%
Riverside, CA	15.9%	21.4%
Sacramento, CA	14.6%	27.4%
Salt Lake City, UT	18.9%	20.1%
San Antonio, TX	17.2%	23.2%
San Diego, CA	14.2%	26.9%
San Francisco, CA	13.8%	25.6%
San Jose, CA	13.1%	22.4%
Seattle, WA	17.6%	24.3%
St. Louis, MO	16.9%	27.7%
Tampa, FL	13.7%	27.6%
Virginia Beach, VA	16.7%	29.0%
Washington, DC	16.0%	23.7%

 

Methodology

This is based on a Redfin analysis of U.S. Census data from 2024 (the most recent year for which data is available) that breaks down the share of three-bedroom-plus homes owned and occupied by each generation, by household type and size. The three household types are as follows: 1 or 2 adults total living in the home; neither are minor children (for boomers, we refer to this category as “empty nesters”), 3 or more adults total living in the home; none are minor children, and households where adults are living with their minor children.

Adult Gen Zers were 19-27 years old in 2024, millennials were 28-43, Gen Xers were 44-59, and baby boomers were 60-78.

* ACS data was retrieved from IPUMS USA

*Steven Ruggles, Sarah Flood, Matthew Sobek, Daniel Backman, Grace Cooper, Julia A. Rivera Drew, Stephanie Richards, Renae Rogers, Jonathan Schroeder, and Kari C.W. Williams. IPUMS USA: Version 16.0 [dataset]. Minneapolis, MN: IPUMS, 2025

The post The Great Housing Mismatch: Empty Nesters Own 28% of the Nation’s Large Homes, Millennial Families Own 16% appeared first on Redfin Real Estate News.

The Iran war is a major factor pushing up mortgage rates. Some would-be buyers are backing off amid high costs and uncertainty stemming from the war. 

The median U.S. monthly mortgage payment is $2,742, up 0.4% year over year. While that’s a small increase, it’s the first in nearly six months. 

Housing payments are climbing because the Iran war and rising oil prices have pushed the weekly average mortgage rate up to a six-month high of 6.38%. Daily average mortgage rates rose as high as 6.64% at the end of last week. Home-sale prices are a factor, too; the median home-sale price rose 2.1% from a year earlier during the four weeks ending March 29–the biggest uptick in a year. 

High costs, along with economic uncertainty from the Iran war, have sidelined some would-be homebuyers. Pending home sales declined 1.2% year over year, and mortgage-purchase applications fell 3% week over week. The typical home spends 53 days on the market before going under contract, five days longer than last year. 

On the selling side, new listings are ticking up; they rose 1.7% year over year. Overall, there are 630,000 more home sellers than buyers in the market–the biggest gap in records dating back to 2013. Redfin agents say that with more sellers than buyers in most metro areas,  it’s more important than ever for sellers to prepare their home to make a strong first impression.

“My advice for sellers is to remember you’re selling the dream of homeownership,” said Hazel Shakur, a Redfin Premier agent in the Washington, D.C. area. “When house hunters walk through the door, it should look good, smell good and give the impression that every room is orderly. Buyers should be able to visualize what life is going to be like living in the home. And it goes beyond cosmetics: Some buyers are walking away during the inspection period if they uncover an issue, so sellers should make sure they have taken care of basic maintenance and repairs before listing.”

For Redfin economists’ takes on the housing market, please visit Redfin’s “From Our Economists” page. 

Leading indicators 

 

Indicators of homebuying demand and activity
	Value (if applicable)	Recent change	Year-over-year change	Source
Daily average 30-year fixed mortgage rate	6.45% (April 1)	Up from 4-year low of 5.99% a month earlier	Down from 6.82%	Mortgage News Daily
Weekly average 30-year fixed mortgage rate	6.38% (week ending March 26)	Highest level in 6 months	Down from 6.67%	Freddie Mac
Mortgage-purchase applications (seasonally adjusted)		Down 3% from a week earlier (as of week ending March 27)	Up 1%	Mortgage Bankers Association
Google searches of “homes for sale”		Up 20% from a month earlier (as of March 30)	Up 20%	Google Trends
Touring activity		Up 25% from the start of the year (as of March 30)	At this time last year, it was up 36% from the start of 2025	ShowingTime
Redfin’s Homebuyer Demand Index was removed this week to ensure data accuracy.

Key housing-market data

 

U.S. highlights: Four weeks ending March 29, 2026 Redfin’s national metrics include data from 400+ U.S. metro areas and are based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision.
	Four weeks ending March 29, 2026	Year-over-year change	Notes
Median sale price	$391,475	2.1%	Biggest increase in a year
Median asking price	$424,975	2.5%
Median monthly mortgage payment	$2,742 at a 6.38% mortgage rate	0.3%	First increase since October 2025
Pending sales	86,642	-1.2%	Biggest decline in over a month
New listings	102,768	1.7%
Active listings	1,068,411	-1.7%	Biggest decline since 2023
Months of supply	4.5	+0.2 pts.	4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions
Share of homes off market in two weeks	37.4%	Essentially unchanged
Median days on market	53	+5 days
Share of homes sold above list price	23.2%	Down from 25%
Average sale-to-list price ratio	98.4%	Down from 98.5%

Metro-level highlights: Four weeks ending March 29, 2026 Redfin’s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.
	Metros with biggest year-over-year increases	Metros with biggest year-over-year decreases	Notes
Median sale price	San Francisco, CA (12.6%) Detroit (10.1%) Cincinnati (8.7%) Milwaukee (8.7%) Baltimore (6.9%)	Oakland, CA (-4.1%) Dallas  (-3.4%) Austin, TX (-2%) West Palm Beach, FL (-1.8%) Houston (-1.8%)	Declined in 12 metros
Pending sales	San Francisco (25%) West Palm Beach, FL (22.8%) Milwaukee (12.4%) Austin, TX (10%) Miami (8.5%)	New Brunswick, NJ (-15.8%) Providence, RI (-15.6%) New York (-15.1%) Houston (-14.4%) Nassau County, NY (-13.5%)
New listings	Milwaukee, WI (15.9%) Philadelphia (9.7%) Boston (8.5%) Washington, D.C. (7.7%) San Francisco (7.6%)	Tampa, FL (-15.7%) Providence, RI (-14.1%) Miami (-11.2%) Jacksonville, FL (-10%) Riverside, CA (-8.2%)

Refer to our metrics definition page for explanations of all the metrics used in this report.

The post Monthly Payments Tick Up For First Time in 6 Months As Mortgage Rates, Home Prices Jump appeared first on Redfin Real Estate News.

A tiny home in New York is going viral on social media because it has no bedrooms.

The house at 84 Wyona Ave in Selden went on the market about a month ago with a listing price of $329,900. The house was built in 1930 and is 446 square feet. It is about 10 feet wide and 37 feet long and has a small kitchen, dining room, living area and full bathroom.

It sits on a lot that is 22 by 100 feet and has a backyard shed. The tiny home has a basement with two open areas where one room can be converted into a half bath with laundry, according to the listing description.

“I went down as low as I could as far as price goes. I know [the offer] will come. We’re listening to all offers,” Denise Beckman, a licensed associate broker at HomeSmart Dynamic Realty, told Redfin News.

Although people on social media are stating their surprise at how high the listing price is considering the tiny home doesn’t have any bedrooms, Beckman said she has been blown away by the attention in general.

Beckman said the seller of the house originally bought it back in 2002 and had it rented out until about 11 years ago, when he and his wife moved in. They renovated it by upgrading the heating, electrical, roof and bathroom.

“If you have vision and you’re single or newly married, it’s a great place to start and start building that equity for your future and it’s very hard for Long Islanders to do that right now,” she added.

Redfin agents said that although people on social media might be surprised by the tiny home’s high price, it makes sense because it is in a high-priced area and a commuter-friendly neighborhood.

Selden is part of the town of Brookhaven in Suffolk County. The county is known as the home of The Hamptons, one of the most affluent neighborhoods in the U.S.

The median sale price of a home in Suffolk County was $660,000 in March and has remained the same since last year.

“Long Island is different from the nationwide market. We don’t have enough supply for the demand,” said Redfin agent Mohamed Elbaroudy. There’s been a lot of people moving into Long Island since Covid and that hasn’t stopped. People realized they can get a better quality of life and better schools and still have a good commute to the city.”

Panagiota “Peggy” Papazaharias, a Redfin agent, said this property works as a starter home for someone looking to get into the neighborhood while still being close to New York City.

“Selden is close to a lot of shopping, not too far from the city and Long Island Rail Road” she said.

In recent years, tiny homes have continued to rise in popularity, especially since they can offer an alternative to the traditional home.

The post This $329,900 Long Island Tiny Home Is Going Viral Because It Has No Bedrooms appeared first on Redfin Real Estate News.