Active listings climbed 12% year over year during the four weeks ending December 22, though that was the smallest increase since March, according to a new report from Redfin, the technology-powered real estate brokerage.
Redfin is taking a break from analysis this week, but please see the tables below for the latest housing-market data. Redfin will be back with full commentary after the holidays.
Note: Some metrics are showing weakness compared to a year earlier due to the timing of the Thanksgiving holiday; the four-week period ending Dec. 22, 2024 that Redfin uses in the final two tables below includes Thanksgiving, while the comparable period a year earlier (four weeks ending Dec. 24, 2023) does not include Thanksgiving.
For Redfin economists’ takes on the housing market, please visit Redfin’s “From Our Economists” page.
Leading indicators
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Indicators of homebuying demand and activity |
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Value (if applicable) |
Recent change |
Year-over-year change |
Source |
|
Daily average 30-year fixed mortgage rate |
7.16% (Dec. 26) |
Up from 7.14% a week earlier |
Up from 6.67% |
Mortgage News Daily |
|
Weekly average 30-year fixed mortgage rate |
6.85% (week ending Dec. 26) |
Up from 6.72% one week earlier |
Up from 6.61% |
Freddie Mac |
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Redfin Homebuyer Demand Index (seasonally adjusted) |
|
0% change from a month earlier |
Up 4%
|
Redfin Homebuyer Demand Index a measure of tours and other homebuying services from Redfin agents |
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Touring activity |
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Down 52.9% from the start of the year (as of Dec. 25) |
At this time last year, it was down 57.7% from the start of 2023 |
ShowingTime, a home touring technology company |
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Google searches for “home for sale” |
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Up 1.5% from a month earlier (as of Dec. 26) |
Down 26.1%
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Google Trends |
Key housing-market data
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U.S. highlights: Four weeks ending Dec. 22, 2024 Redfin’s national metrics include data from 400+ U.S. metro areas, and is based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision. |
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Four weeks ending Dec. 22, 2024 |
Year-over-year change |
Notes |
|
Median sale price |
$383,725 |
6% |
|
|
Median asking price |
$376,000 |
5% |
|
|
Median monthly mortgage payment |
$2,519 at a 6.85% mortgage rate |
7.1% |
|
|
Pending sales |
58,267 |
-3.4% |
First drop in three months |
|
New listings |
54,077 |
0% |
|
|
Active listings |
954,703 |
12% |
Smallest increase since March |
|
Months of supply |
4 |
+0.6 pt. |
4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions. |
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Share of homes off market in two weeks |
25.1% |
Down from 27.1% |
|
|
Median days on market |
45 |
+6 days |
|
|
Share of homes sold above list price |
23.3% |
Down from 25.1% |
|
|
Average sale-to-list price ratio |
98.4% |
-0.1 pt. |
|
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Metro-level highlights: Four weeks ending Dec. 22, 2024 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. |
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Metros with biggest year-over-year increases |
Metros with biggest year-over-year decreases |
Notes |
|
Median sale price |
Philadelphia (17.1%) Milwaukee (14.3%) Cleveland (13.3%) Nassau County, NY (12%) Warren, MI (11.3%) |
N/A |
Declined in 0 metros |
|
Pending sales |
Detroit (7.8%) Anaheim, CA (6.5%) Providence, RI (5.7%) Phoenix (3.8%) Pittsburgh (3.2%) |
San Antonio (-17.4%) Orlando, FL (-14%) Houston (-13.7%) Newark, NJ (-11.3%) Miami (-10.6%) |
Increased in 12 metros
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|
New listings |
Oakland, CA (9%) Las Vegas (8.9%) Tampa, FL (8.8%) Phoenix (8.7%) Virginia Beach, VA (8.4%) |
San Antonio (-18.3%) Nassau County (-13.9%) Boston (-12.5%) Austin, TX (-12.1%) Orlando (-12.1%) |
Increased in 18 metros |
View the full report, including charts, here.
