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two homes during the same time period in 2020.
Meanwhile, 1,440 homes in Austin have sold for between $100,000 and $299,999 above asking price, compared with 20 homes last year. Just over 4,500 homes in the metro have sold for between $25,000 and $99,999 above asking price, up from about 350 last year.
The margin is smaller for homes that sold for less than $25,000 above asking price, with 2,810 homes in Austin selling above that threshold so far this year versus 2,748 last year. I recently sold a home that was listed at $565,000 and closed at $715,000. We received about a dozen offers which is actually a low number by today s standards, said Austin Redfin agent John Dawson. The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.
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SEATTLE, June 4, 2021 /PRNewswire/ (NASDAQ: RDFN) The housing market s temperature may be starting to drop by a degree or two, according to a new
redfin.com), the technology-powered real estate brokerage. Both pending sales and asking prices began to decline or flatten in the four weeks ending May 30.
It s too soon to tell if these are early seasonal changes or the start of a post-pandemic cooldown. The period in question includes the beginning of Memorial Day weekend, which this year marked a return to normal life. It may also have marked the beginning of a return to a more normal housing market. It should become clearer as Redfin continues to track the latest data over the next few weeks.
Redfin Saves Customers Over $1 Billion in Real Estate Commissions
Redfin Customers Saved an Average of $8,200 in Real Estate Fees in 2020
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SEATTLE, June 3, 2021 /PRNewswire/ (NASDAQ: RDFN) Redfin (
www.redfin.com), the technology-powered real estate brokerage, announced the amount it has saved its brokerage customers has now exceeded $1 billion. Since 2006, Redfin has been saving customers money by charging sellers a low listing fee and giving homebuyers a commission refund when they purchase with a Redfin agent. To date, Redfin agents have helped customers with more than 300,000 transactions worth more than $150 billion.
Redfin puts the customer first by blending technology with local agents to deliver innovative service at a better value. Redfin invented map-based search, giving consumers more information about homes for sale. Then the company hired its own agents to be advocates for customers in the transaction, as employees with s