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Redfin Reports Pending Sales Continue to Slow--Still Up 29% from 2020

(NASDAQ: RDFN) —The breakneck pace of the housing market is beginning to slow heading into June, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Leading indicators of activity are now mostly cooling off instead of continuing to heat up. ....

Housing Market , Purchase Applications , Redfin Real Estate , Real Estate Brokerage , Leading Indicators , Mortgage Rates ,

1,500 Austin Homes Have Sold For More Than $100,000 Above Asking Price This Year-- The Same Time Last Year It Was 22


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.   ....

John Dawson , Redfin Data Center , Austin Redfin , ஜான் டாசன் , ரெட்ஃபின் தகவல்கள் மையம் , ஆஸ்டின் ரெட்ஃபின் ,