Key takeaways:

• If you have the means, now may be a good time to buy a house.
• Mortgage rates have dropped following news of a peace deal with Iran, but they are expected to remain volatile for the foreseeable future.
• It’s a buyer’s market—there are 470,000 more home sellers than buyers—giving homebuyers leverage in negotiation.
• Consumers are wary due to record-high house prices, a difficult job market, and economic uncertainty.

The spring homebuying season is nearly over, but the housing market is still thawing from its winter freeze. After a very slow 2025, the same sluggish trends are persisting well into 2026: few home sales, limited listings, and near-record monthly costs. The recent bump in activity has also slowed.

However, in better news, mortgage rates dropped to one-month lows as markets reacted to the peace deal with Iran, providing some relief to homebuyers. Economists don’t expect more dramatic improvement until broader economic pressures ease, though. Global volatility, AI fears, tariff uncertainty, and a difficult job market are all weighing on consumers and keeping rates elevated.

A lot is changing, so it’s no surprise that buyers are wondering if now is the right time to take the leap.

In short, whether or not it’s a good time to buy a house boils down to if it’s a good time for you to buy a house. Let’s dive a bit deeper into today’s market trends to help you answer: “Should I buy a house now or wait?”

From Redfin’s Chief Economist

“Now is a good time to buy a home, if you can afford it. Prices keep climbing, which is pushing some buyers out of the market and giving those who remain an upper hand in negotiations. The conflict in the Middle East, elevated mortgage rates, and a volatile economy are making everyone wary, though, and local housing markets vary widely. Buyers serious about making offers should consult a local agent and be confident in their finances and future income.” – Daryl Fairweather, Redfin Chief Economist.

What buyers need to know about the housing market

Here are some key market trends to keep an eye on and help you make an informed homebuying choice. We’ll cover house prices, mortgage rates, supply, and demand, and inflation.

House prices are high but slowly leveling out

The median U.S. sale price is $398,771—up 2% from a year ago. House prices are nearly 30% higher than they were five years ago.

Because affordability has been so strained, many buyers and sellers have been holding out for better deals and higher offers, causing inventory to build up as they wait for the market to thaw. This push-pull dynamic has kept prices elevated, giving more affluent buyers a window of opportunity. 

But recently, price growth has started to slow as the market undergoes a prolonged reset. Home prices have grown by around 1.2% year-over-year since last March, compared to ~7% growth from January 2012 to before the pandemic. Redfin predicts that affordability will improve this year, as wages outpace home price growth and inflation. 

>> Read: Redfin’s Weekly Economic Breakdown

Mortgage rates remain elevated and volatile

As of June 15th, the weekly average 30-year fixed mortgage rate sits at 6.56%—down from last week but still much higher than six months ago. 

“Mortgage rates have been elevated and volatile over the last three months almost entirely because of the war in Iran and its effects on global energy prices and stock markets,” said Chen Zhao, Head of Economics Research at Redfin. “The peace deal helped bring rates down modestly. However, much of that outcome had already been priced into markets, and ongoing economic uncertainty limited further improvement. Time will tell how the conflict will impact the U.S. economy and housing market.”

Previously, rates were trading between 6.1%-6.3% since late 2025. Redfin predicts that mortgage rates will average 6.3% for 2026.

>> Read: Higher Mortgage Rates Push Pending Home Sales Down

How mortgage rates affect housing costs

Mortgage rates are important for buyers because they directly translate to monthly housing costs. The higher the rate, the more you pay every month. If rates drop, you can save tens of thousands over the lifetime of your mortgage. 

Let’s see how your monthly payments change with different rates, using data from our Mortgage Calculator.

Buyers have the upper hand

The housing market strongly favors buyers. Housing inventory has risen from its post-pandemic low—particularly in the Sun Belt—giving buyers more negotiating power. However, supply is still limited in small parts of the Midwest and East Coast, putting sellers in charge and pushing up prices. 

In general, though, high costs are sidelining buyers and putting a lid on home sales. In a growing share of cases, buyers are backing out after signing a home-sale agreement, adding to the strain.

Inventory is climbing

There are nearly 1.5 million homes for sale today—historically low but one of the highest monthly levels since the pandemic. This is the primary driver behind today’s buyer’s market. Florida and Texas have the most homes on the market today, by far.

Housing inventory is high because a larger share of sellers are listing their homes than buyers are buying them, with the biggest imbalances in disaster-prone areas in Florida. This gives today’s buyers more leverage for concessions.

Listings have been slowly rising since March, as homeowners looked to take advantage of the spring buying season. Housing construction has not played a major role in improving inventory.

Demand is low

Homebuyers have been stuck on the sidelines for years waiting for affordability to improve. While affordability remains a challenge, some recently hit the pavement thanks to a resilient job market and declining recession risk.

Buyers still hold the upper hand in most of the country. There are far more sellers than buyers, and a majority of listings have been sitting on the market for more than two months. For those with the budget to buy, this could be a good time to enter the market, as sellers may be more open to negotiation.

Buyers have the most leverage in Sun Belt metros, where inventory has surged thanks to housing construction—especially Austin, which is now the slowest major housing market in America. But there are still pockets of competition. In New York metros like Rochester and Buffalo, strong demand for affordable homes continues to push up prices and put sellers in charge. The Bay Area has recently seen a surge in popularity, too, along with parts of the Midwest.

>> Read: The Most Competitive Housing Markets in the U.S.

How to buy in an uncertain economy

With tariffs, economic whiplash, and volatile mortgage rates, many buyers are wary of getting into the market. Here are a few tips from our economists about navigating this shifting landscape. 

• Stick to your budget: This isn’t the time to stretch financially. Recession odds are lower than they have been, but the economy is still unstable. Make sure you have enough in savings to cover mortgage payments if your income changes.
• Negotiate, negotiate: The market favors buyers, so use your leverage. There’s more inventory, and offers are increasingly coming in below asking.
• Be smart about rates: Mortgage rates are down but still relatively high. Shop around, compare lenders, and ask about “float down” options if rates drop significantly after you lock in.
• Sell before you buy: If you own a home, consider selling it first. It will give you a clearer budget and help you avoid the risk of carrying two mortgages.

>> Read: How to Buy, Sell, or Rent a Home Amid Economic Uncertainty

Are you ready to buy and own a house?

When deciding whether to buy a home in today’s climate, you’ll want to think beyond market conditions and focus on your individual circumstances. Here are some personal considerations to keep in mind.

Financial health

Take stock of your current savings, credit score, and debt levels. Can you afford a house? Or does renting make more sense? 

Housing is a long-term commitment, so you’ll want a solid emergency fund—ideally covering 3 to 6 months of expenses—for maintenance and unexpected costs.

Monthly budget

Determine how a mortgage payment at today’s rates might impact your lifestyle. Make sure you can comfortably handle monthly payments, property taxes, insurance, and other homeownership expenses.

Job and location stability

Buying a house makes sense if you plan to stay put for several years. A stable job or reliable income is crucial to avoid financial strain, especially if home prices or interest rates rise further.

Choosing your location is also essential. Is your potential home prone to flooding, wildfires, or other climate risks? This is especially important today, as insurers continue dropping homeowners at alarming rates. 

Personal goals and timelines

Think about life events, like starting a family, retiring, or relocating. These factors can make owning a home either more appealing or potentially riskier if you need to move soon.

Lifestyle preferences

Homeownership comes with ongoing responsibilities, like maintenance, repairs, and property taxes. Ask yourself if you have the time, resources, and a desire to handle them.

>> Read: Am I Ready to Buy a House?

So, is now a good time to buy a house? 

If you have the means and are ready to own a home, now is a good time to buy a house. Rates are volatile, and with today’s high prices and uncertain economy, it’s hard to know what affordability will look like down the line. But waiting for rates to fall leaves you at risk of competition among buyers and subsequent price hikes from sellers.

In a market this unpredictable, the best approach is to be prepared. Know your budget, connect with a local agent, get preapproved for a mortgage, and move quickly when the right home comes along. The longer you wait, the more competition you could see.

The post Is Now a Good Time to Buy a House? appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Designing a home that stays comfortable in extreme heat takes more than just a powerful air conditioner. Hot weather home design focuses on creating a balance between smart systems, thoughtful materials, and climate-aware layouts that help keep interiors naturally cooler. When done well, these choices can also improve energy efficiency and long-term comfort.

In this Redfin guide, we’ll explore practical strategies used in some of the hottest housing markets to help homes stay cool year-round. From upgrading a home in Phoenix, AZ to buying a vacation home in Orlando, FL, these insights can help homeowners adapt their spaces to rising temperatures.

In this article:
What defines a home built for hot weather markets?
Reliable cooling systems are the foundation of comfort
The most important upgrades are the ones you can’t easily change
Architectural design plays a major role in keeping homes cool
Smart shading and exterior design reduce heat before it enters the home
Everyday habits that make a home feel cooler
Hot weather home design and energy efficiency go hand in hand

What defines a home built for hot weather markets?

A home built for a hot weather market does more than provide relief when temperatures climb – it works with the climate instead of constantly fighting against it. The most comfortable homes stay cooler naturally through a combination of efficient cooling systems, thoughtful design, and features that reduce heat before it ever reaches the interior. 

From strategic shade and airflow to energy-smart upgrades, these elements work together to create a home that feels comfortable, inviting, and livable even during the hottest days of the year.

Reliable cooling systems are the foundation of comfort

When temperatures soar into the high double or triple digit, a reliable cooling system can make the difference between a comfortable home and an uncomfortable one. While design features like shade and ventilation help reduce heat gain, your HVAC system is ultimately responsible for keeping indoor temperatures manageable during the hottest parts of the year.

“Keep cool indoors during hot summer days by ensuring the air conditioning system is maintained annually so there are no service interruptions at undesirable times,” recommends Kim Dempsey, designated broker at KD Realty. “Use a smart thermostat to set a comfortable interior temperature during daytime hours that will self-adjust throughout the day.”

To help your cooling system work more efficiently:

• Schedule annual HVAC maintenance to catch potential issues before peak summer temperatures arrive.
• Install a smart thermostat that automatically adjusts temperatures throughout the day based on your schedule.
• Replace air filters regularly to improve airflow and system performance.
• Address small maintenance issues early to reduce the risk of costly breakdowns during heat waves.

The most important upgrades are the ones you can’t easily change

When designing for hot weather, some of the most valuable features are the ones that are difficult – or expensive – to add later. While cosmetic updates can improve a home’s appearance, structural elements such as high-performance windows, advanced HVAC systems, and weather-resilient construction have a much greater impact on long-term comfort and livability.

“In Miami and other hot-weather markets, the buyers we work with care most about the things they cannot easily change after closing: floor-to-ceiling hurricane-impact glass, central HVAC with dedicated dehumidification, and the building’s structural certifications and storm rating,” states Anthony Guerriero, managing partner at Manhattan Miami Real Estate. “At the ultra-luxury level, that also extends to covered loggias, shaded terraces, and pool decks with private cabanas, because outdoor living for six months of the year only works if you can sit outside comfortably in August.”

Some of the most sought-after features include:

• Floor-to-ceiling impact glass that helps withstand severe weather while reducing heat transfer.
• Central HVAC systems with dedicated dehumidification to keep indoor air comfortable in humid climates.
• Strong structural certifications and storm ratings that provide added durability and peace of mind.
• Whole-building generators that can power an entire residence during outages, not just common areas.
• Covered loggias, shaded terraces, and private cabanas that make outdoor living enjoyable even during the hottest months.

Architectural design plays a major role in keeping homes cool

While efficient air conditioning systems are essential in hot climates, good design can reduce the amount of cooling a home needs in the first place. Thoughtful architectural features help block heat, encourage airflow, and create more comfortable living spaces, all while reducing strain on HVAC systems and lowering energy costs.

“As a trained architect, I often find myself pointing out the less obvious design features that can have an equally meaningful impact on comfort, sustainability, and energy efficiency,” shares Ines Hegedus-Garcia, co-founder of Miamism. “Deep roof overhangs, covered outdoor rooms, cross ventilation, window orientation, interior window treatments, solar shades, window tints, and the right trees and landscaping around a home can all help manage heat, improve livability, and lower cooling costs. The best homes aren’t just equipped for the climate, they’re designed for it.”

Key design features that can help keep a home cooler include:

• Deep roof overhangs that provide shade and reduce direct sun exposure on windows and exterior walls.
• Covered outdoor rooms and patios that create comfortable transitional spaces between indoors and outdoors.
• Cross ventilation that allows breezes to move through the home and improve airflow.
• Strategic window orientation that minimizes heat gain during the hottest parts of the day.
• Interior window treatments, solar shades, and window tints that help block unwanted heat and glare.
• Trees and thoughtfully placed sustainable landscaping that provide natural shade and cool the surrounding environment.

Smart shading and exterior design reduce heat before it enters the home

One of the easiest ways to keep a home cooler is to stop heat before it enters the living space. While air conditioning can lower indoor temperatures, shading strategies help reduce the amount of heat that builds up in the first place, making homes more comfortable and energy-efficient throughout the day.

“Pull shades or close window coverings to keep the interior cool and comfortable,” explains Kim Dempsey. “Add exterior shade with the addition of a pergola, covered patio or sun shade to block direct sunlight into the home. Enjoy a cool home for the evening.”

Consider incorporating these heat-blocking features:

• Close blinds, shades, or curtains during the hottest parts of the day to reduce solar heat gain.
• Install a pergola to create shade over patios, windows, or outdoor gathering spaces.
• Add a covered patio that protects both outdoor living areas and nearby interior rooms from direct sunlight.
• Use sun shades or awnings to block intense afternoon sun before it reaches windows and doors.
• Layer multiple shading strategies together for maximum comfort and efficiency.

Everyday habits that make a home feel cooler

Even the best-designed home benefits from a few smart daily habits when temperatures rise. Small adjustments to how you manage sunlight, airflow, and temperature throughout the day can make a noticeable difference in comfort while helping your cooling system operate more efficiently.

Many of the most effective cooling strategies don’t require major renovations or expensive upgrades. Instead, they focus on making the most of the features you already have and developing routines that reduce heat buildup before it becomes a problem.

Simple habits that can help keep your home cooler include:

• Setting a smart thermostat to automatically adjust temperatures based on your schedule.
• Closing blinds, shades, or curtains during peak sunlight hours to reduce indoor heat gain.
• Running ceiling fans to improve air circulation and help rooms feel cooler.
• Keeping doors and windows closed during the hottest parts of the day to prevent warm air from entering.
• Scheduling household tasks that generate heat, such as cooking or using the dryer, for cooler morning or evening hours.

>> Read more: Heat Wave Guide and Resources: Keeping a House Cool in Extreme Heat

Hot weather home design and energy efficiency go hand in hand

Ultimately, designing for hot climates is about more than staying comfortable in the moment – it’s about creating a home that performs well in extreme temperatures over time. By combining smart systems, passive cooling strategies, and intentional design choices, homeowners can reduce heat gain while improving everyday livability. With the right approach, even the hottest environments can feel balanced, efficient, and welcoming year-round.

The post How to Design a Home That Stays Cool in Hot Weather appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

When you walk into a home built a few decades ago, you can usually feel when things are not with the modern times. Not just from the paint colors or the fixtures, but from the very bones of the space. A home’s layout dictates how we move, interact, and live, meaning an inefficient or poorly flowing layout can make an otherwise beautiful house feel stuck in the past.

Whether you’re searching for a home in Dallas, TX, Seattle, WA, or Phoenix, AZ, this Redfin guide will walk you through the key design elements that date a property, why they no longer work for modern lifestyles, and how you can spot and fix an outdated floor plan before making your next move.

4 key signs of an outdated layout

Architectural trends evolve alongside our lifestyles. What felt luxurious in the 1980s or 1990s can feel restrictive today. If you are touring homes, keep an eye out for these telltale signs of a bygone era:

1. The choppy, compartmentalized layout

Older homes were often designed with a specific, rigid purpose for every room. High wall counts and heavy doors separated the kitchen from the living room, and the living room from the hallway. While total open-concept living has its own critiques today (such as a lack of noise control) and has lost some of its dominance, a completely closed-off, labyrinth-like floor plan feels claustrophobic to the modern buyer.

>> Read: Open Floor Plan vs Closed: The Key Differences Explained

2. The isolated kitchen

Today, the kitchen is the undisputed heart of the home. And while many homeowners like being able to keep cooking messes out of sight, contain noise and smells, or create a more focused space for meal prep, today’s buyers often want some connection between the kitchen and the rest of the home. If a kitchen is tucked away in the back of the house with a single narrow entry door, it disconnects the cook from the rest of the household.

3. Formal rooms that collect dust

The dedicated formal dining room and the formal front parlor are rapidly disappearing. Modern homeowners prefer flexible, multi-functional spaces over square footage dedicated to rooms that are only used twice a year during major holidays. Still, formal rooms aren’t inherently outdated — and for buyers who enjoy hosting, traditional entertaining or having more defined spaces, they can be a real plus. 

4. Awkward transitions and traffic bottlenecks

A floor plan can feel outdated when the home’s key living spaces don’t reflect how people move through and use a home today. Yuki, Content Editor at Ideal House, explains:

“One of the clearest signs that a floor plan feels outdated is when the home’s main living spaces are disconnected from the way people actually move and gather today. For example, an isolated kitchen, a rarely used formal dining room, or narrow transitions between rooms can make daily routines feel less fluid. Modern homes tend to work better when cooking, dining, relaxing, and entertaining have a more natural visual and physical connection, while still allowing for privacy where it matters.”

This shift in thinking is why awkward traffic flow remains such a common red flag. Whether it’s navigating a maze of tight hallways or dealing with bottlenecks between frequently used spaces, poor circulation can make a home feel less functional and more dated.

Then vs. now: how floor plans have evolved

To understand why certain layouts feel dated, it helps to look at how our priorities have shifted over the decades:

>> Read: Are Americans closing the door on open-concept home design?

Can you fix an outdated floor plan?

If you fall in love with a neighborhood or a home’s exterior but the inside layout feels stuck in 1985, you have two main paths forward:

• The structural fix (knocking down walls): If the issues are non-load-bearing walls blocking light and flow, opening up the space can completely transform the home. However, always consult a structural engineer first, as removing load-bearing walls requires expensive support beams.
• The cosmetic/functional fix: If moving walls isn’t in the budget, you can improve flow by removing interior doors, using cohesive flooring throughout the house to visually connect spaces, and repurposing formal rooms into functional home offices or playrooms.

The bottom line

An outdated floor plan isn’t just an aesthetic issue – it directly impacts your daily happiness and how you experience your home. When shopping for your next property, look past the fresh paint and staging. Pay attention to how the rooms connect, how the light moves, and whether the layout serves the reality of your day-to-day life.

FAQ: What makes a floor plan feel outdated? 

1. Is a closed floor plan always outdated?

Not necessarily. While highly compartmentalized, “choppy” layouts can feel dated, the trend is moving away from total open-concept living toward what designers call “broken-plan” living. This style keeps the visual connection and light of an open floor plan but uses half-walls, glass partitions, or pocket doors to offer noise control and privacy. A closed layout only feels outdated if the rooms feel cramped, dark, and entirely isolated from one another.

2. How can I tell if a wall is load-bearing before buying a home?

Be sure to hire a professional home inspector or structural engineer to confirm, but a few general clues can help you spot a load-bearing wall during a walkthrough:

• Walls that run perpendicular (at a 90-degree angle) to the floor joists above are usually load-bearing.
• Walls that align directly above other walls on the lower level or basement usually hold weight.
• Exterior walls are almost always load-bearing.

3. What is the most expensive floor plan flaw to fix?

Relocating major plumbing is often the costliest renovation, requiring extensive work on concrete slabs or subfloors to move kitchens or bathrooms. If a home requires shifting heavy plumbing lines to improve the layout, include a substantial budget buffer in your offer.

4. Are formal dining rooms completely a thing of the past?

While not obsolete, formal dining rooms have evolved. Today’s buyers prefer flexible spaces over rooms used only twice a year. Consequently, these areas are often reimagined as libraries or home offices by adding French doors or custom cabinetry, allowing them to remain functional when not hosting guests.

5. Can lighting and furniture layout fix a bad floor plan?

If structural changes aren’t feasible, use design tricks to improve the layout. Install consistent flooring in adjacent rooms for visual flow, and replace swinging doors with pocket or barn doors to save space. Additionally, arrange furniture to keep walkways clear and maintain fluid transitions between spaces.

The post What Makes a Floor Plan Feel Outdated? appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

If you’re buying a new construction home – whether it’s a  home in Austin, Texas, or a new development in Charlotte, North Carolina – one of the first choices you’ll face is deciding between a spec home and a custom build. Both are popular new construction options but offer very different experiences. A spec home provides speed and convenience with most decisions made for you, while a custom build gives you complete control over design, layout, and finishes. The right option comes down to your timeline, budget, and how involved you want to be in the process. 

In this Redfin guide, we’ll break down what each path looks like, their pros and cons, and how to decide which one is the best fit for your lifestyle.

What is a spec home?

A spec home (short for speculative home) is one of the most common new construction options available. It’s a type of new construction home built by a builder without a buyer lined up.The builder chooses the lot, floor plan, finishes, and features ahead of time, expecting to sell once the home is completed. Because they’re often finished or nearly finished, spec homes are also called “move-in ready” homes.

Why buyers choose spec homes:

• Faster move-in: Unlike a custom build that can take months or even a year, spec homes are usually ready to occupy soon after closing.
• Less decision-making: The builder already picked the design details, so you don’t have to manage upgrades or floor plan choices.
• New construction benefits: You still get a modern home with brand-new systems, appliances, and materials.

How buying a spec home works:

Buying a spec home mirrors the simplicity of buying an existing house, but with all the perks of new construction. The typical process is straightforward:

• Tour: Visit the finished (or almost finished) property to see exactly what you are buying.
• Offer: Make a traditional offer, just like you would on a resale home.
• Close: Complete the standard steps of financing – which typically starts by securing a mortgage preapproval –  inspection, appraisal, and closing.

The biggest advantage of this path is getting a brand-new house without the long wait and intensive, high-stress design process. Instead of starting from scratch, buyers step directly into a thoughtfully planned lifestyle.

As Wes Hinton, Vice President of Wildlight, explains, this approach is less about compromising and more about instantly plugging into a tailored community design:

“When buyers choose a curated home collection at Wildlight, they get an intentional, ready-to-personalize design shaped specifically around how people actually live here. These floor plans ensure the home functions as a seamless extension of our walkable neighborhood, trails, schools, and parks. Ultimately, it allows homeowners to skip the stress of a custom build and instantly connect to what matters most – dropping the kids at school via a golf cart, biking down a trail to grab a burger, or instantly engaging in community movie nights and pool-side gatherings.”

By opting for a spec home, you are trading months of agonizing over blueprints for immediate access to neighborhood connectivity and a home that is ready to function for your family on day one.

What is a custom build?

A custom build is another new construction option for buyers who want full control over design, layout, and materials. Unlike buying a move-in ready new construction home, you’ll work directly with a builder to create a one-of-a-kind design. Instead of purchasing a move-in ready property, you work with a builder to choose the lot, floor plan, finishes, and layout. This gives you full control over how the home looks and functions.

Why buyers choose custom builds:

• Personalization: Every detail, from the kitchen design to the number of bedrooms, can be tailored to your lifestyle.
• High-end finishes: You can select premium materials and upgrades that may not be available in spec homes.
• Future planning: Custom homes are often designed with long-term needs in mind, such as space for a growing family or aging in place.

How the process works:

1. Meet with a builder to plan the design and floor plan.
2. Secure financing  (often a construction-to-permanent loan) and obtain necessary permits.
3. Construction begins, which can take several months to over a year depending on complexity.
4. Once complete, you move through the standard closing steps, i.e. inspection, appraisal, and final paperwork.

The biggest advantage of a custom build is that it’s truly your home, designed your way — but it requires more time, more decisions, and often a higher budget.

Key differences between spec homes and custom homes

Both spec homes and custom builds fall under new construction, but they differ in how much control you have, how long you’ll wait, and how much you’ll spend.

Bottom line: A spec home is best if you want a new house quickly and at a more manageable price, while a custom build is right if you value complete personalization and don’t mind a longer, more hands-on process.

Pros and cons of buying spec homes

For many buyers, the upfront benefits of a spec home make it a winning choice, offering a friction-free path to homeownership that a custom build simply cannot match:

• Speed and ease: Because the home is already completed or nearly finished, you benefit from a significantly faster move-in timeline.
• Zero decision fatigue: The process is completely simplified, saving you from stress since the builder pre-selects most finishes.
• Financial advantages: Builders often pass down cost savings through bulk materials, and securing a traditional mortgage is straightforward.

However, because spec homes are built for broad, mass-market appeal, buyers must weigh that immediate convenience against a few standard trade-offs:

• Limited personalization: You will have minimal opportunities to choose layouts or select finishes that perfectly match your personal taste.
• Future renovation needs: Over time, you may find yourself needing to update or replace features that don’t quite suit your long-term lifestyle.

Beyond these surface-level trade-offs, navigating this path successfully means doing your due diligence on what lies beneath the design. To help buyers protect their investment, Erik Jensen, CEO and founder of Sprucehill Homes, shares an insider perspective on why it is critical to look past the initial cosmetic appeal:

“The biggest hidden compromise in a mass-market spec home is that it’s frequently built strictly to minimum code. While buyers are distracted by flashy listing photos, mass-producers often rush site prep and opt for high-value finishes that look great initially but peel, sag, or crack within a few seasons of real-world use. A dedicated custom build aims for an A-plus instead of a C-minus, ensuring your layout actually works, your hardscaping stays level, and your entire investment is built to stand the test of time.”

Ultimately, a spec home remains an efficient option – provided you go into the process with your eyes wide open, ensuring that upfront speed doesn’t come at the expense of the home’s long-term durability.

Pros and cons of custom builds

Choosing a custom build shifts the focus entirely toward long-term value, offering a level of control and precision that mass-market homes simply cannot replicate:

• Complete personalization: You retain full control over the layout, design, and finishes, ensuring the home reflects your exact vision and daily lifestyle.
• Superior material quality: You have the direct ability to select durable, premium materials and structural features built to last.
• Modern efficiency: It allows you to seamlessly incorporate the latest energy-efficient and sustainable building technologies from day one.

While these advantages create an unmatched living experience, the true value of a custom home is measured by how it holds up over time. As Matt Branagh, CEO of Branagh Development, highlights, a custom project isn’t just about piling on luxury features; it is about long-term intentionality:

“A spec home is often designed for the first impression. A custom home is designed for the second decade… it is not about piling on more ingredients – it is about choosing the right ones and making them work together: the light, the views, the proportions, the materials, and the land itself. When those elements are right, the home becomes difficult to copy and hard for future buyers to forget. That is what creates lasting demand, protects equity, and earns a premium at resale.”

However, achieving this level of permanent value and architectural equity means buyers must be ready to navigate a more demanding set of upfront real-world logistics:

• Financial commitments: Unique designs, specialized architectural labor, and premium materials naturally increase upfront costs. Buyers can use a mortgage calculator to map out how custom upgrades impact long-term monthly payments.
• Extended timelines: The process requires patience, often taking anywhere from several months to over a year to complete.
• High involvement: Managing frequent decisions, builder meetings, and ongoing project approvals can introduce significant stress.
• Niche resale risks: There is a slight risk that over-customizing highly specific features might reduce broad appeal to future buyers down the road.

Ultimately, while a custom build demands more capital and active project management upfront, it functions as a deliberate investment in a home that maintains its premium value and market demand for decades to come.

Should you buy a spec home or a custom build?

When facing the choice between a spec home and a custom build, the sheer number of options can quickly become overwhelming. Clay Winder, Owner and Associate Broker of the Red Sign Real Estate Team, stresses that the very first step to protecting your timeline and your wallet is assembling your experts:

“The single biggest thing I tell clients facing this question is to invest in the right team upfront – especially the designer and Realtor. When your design team is dialed in, they guide you through the overwhelming number of decisions before they become costly change orders, which keeps your timeline intact and your budget where it belongs. Don’t go it alone!”

Once you have that right team in place, they can help you weigh which path fits your specific needs:

• Choose a spec home if… you want a faster move-in, a simpler buying process, and predictable pricing without endless design decisions.
• Choose a custom build if… you want a home tailored to your lifestyle, are comfortable with a longer construction timeline, and have the budget flexibility for customization.

FAQs about spec homes vs. custom builds

1. Can “custom” homes be cheaper than a builder’s model home?

Sometimes, but not often. Custom homes usually cost more, though a simple design with basic finishes can be less expensive than a model loaded with upgrades.

2. Do spec homes hold their value?

Yes. Their value depends on location, quality, and market conditions, just like any other home.

3. How long does it take to build a custom home?

Most take 9–12 months, but larger projects can take longer.

4. Do I need a real estate agent when buying new construction?

Yes. An agent helps with contracts, negotiations, and inspections.

5. Can I finance a spec home the same way as a resale home?

Yes. Spec homes use traditional mortgages. Custom builds, however, often require a construction loan that later converts to a standard mortgage.

The post Buying Spec Homes vs Custom Homes: Which is Right for You? appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Key takeaways

• It’s a buyer’s market in a majority of U.S. housing markets, meaning homebuyers have the upper hand.
• Buyers and sellers briefly returned to the market last month, but renewed economic worries are again keeping many on the sidelines.
• The Sun Belt is home to the strongest buyer’s markets; the Midwest and Northeast are home to the remaining seller’s markets.
• Housing markets vary widely, so take into account local market dynamics and talk with an agent to get the full picture

The U.S. is in one of the strongest buyer’s markets on record. Following the pandemic-fueled seller’s market in 2021, sellers now outnumber buyers by 47%—a near-record share. In numeric terms, there are an estimated 1.48 million sellers and 1.01 million buyers in the market today. Generally, the greater the seller surplus, the stronger the buyer’s market.

In the last two months, more buyers and sellers have tested the waters (up 2% and 1.3% respectively), but this has yet to translate to more sales. At the core of the housing market is a historic affordability crisis, making it feel anything but buyer-friendly. Most consumers are holding off, so those who can afford to buy often have the upper hand.

Here’s what to know about buyer’s vs seller’s markets, how to tell which market you’re in, and where each side has the most leverage right now.

What is a buyer’s market vs seller’s market? 

Buyer’s market 

A buyer’s market typically happens when there are more homes for sale than buyers to purchase them. When this is the case, buyers usually drive negotiations and are more likely to receive concessions. 

Home price growth is often lower in buyer’s markets than seller’s markets. But if a buyer’s market sees prices cool substantially, the pendulum may swing back toward sellers as more homebuyers come off the bench.

Seller’s market

A seller’s market usually occurs when demand exceeds supply. Buyers outnumber sellers, creating more competition and fueling bidding wars. Sellers typically lead negotiations in a seller’s market and see homes sell for above asking. House prices also tend to rise more quickly and sell faster.

>> Read: Disadvantages of Sellers Paying Closing Costs

The strongest buyer’s markets in 2026

Sellers outnumber buyers by the most in these ten metros, giving buyers more leverage. Redfin defined a “buyer’s market” as one where sellers outnumbered buyers by at least 10%. Buyers gained negotiating power in 23 of the 35 buyer’s markets nationwide.

The Sun Belt—cities stretching from the Southeast to the Southwest—is home to all of the nation’s strongest buyer’s markets. Nashville sits firmly on top, while Austin is in third—ground zero for the cooldowns sweeping pandemic boomtowns since 2022. 

The Sun Belt skyrocketed in popularity during the pandemic, when scores of homebuyers moved in from more expensive parts of the country, driving up housing costs and pricing many locals out of the market. They are now among the fastest-cooling markets in the country.

Housing supply also plays a role. Florida and Texas in particular saw a surge in homebuilding during the pandemic to meet demand, but many of these homes are now sitting unsold as buyers back off. Florida’s housing inventory reached its highest level on record in 2025, with demand dropping quickly due to rising prices, climate risks, and surging insurance costs.

The strongest seller’s markets in 2026

In a handful of metros, buyers still outnumber sellers, giving sellers the edge. Redfin defined a seller’s market as one where the buyers outnumbered sellers by at least 10%, and only seven metros made the cut.

The Midwest and Northeast are home to nearly all of the remaining seller’s markets. New construction has lagged here, and with more people looking to move to the region for homes they can afford, supply is falling far short of what’s needed and pushing prices up. San Francisco has seen a surge in demand largely due to AI wealth. 

What buyers should do right now

• If you’re buying in a buyer’s market: This is the ideal time for buyers to make a move, if you can afford to. Home prices may decline, listings stay on the market longer, and sellers are more likely to negotiate. You may see price reductions, seller concessions, or repairs included to close the deal. With less competition, buyers have more leverage to secure a home at a better price.
• If you’re buying in a seller’s market: Sellers hold the upper hand, and competition among buyers can be fierce. Homes often sell quickly and attract multiple offers, which can drive prices well above asking. If you’re buying in a seller’s market, be prepared to act fast and make strong offers; trying to negotiate too aggressively could cost you the home.

>> Read: Is Now a Good Time to Buy a House?

What sellers should do right now

• If you’re selling in a buyer’s market: Selling becomes more challenging when inventory is high and demand is low. Homes tend to sit on the market longer—in fact, the typical home today takes over 60 days to sell, and many have sat for even longer. To attract buyers, sellers should price competitively and remain flexible.
• If you’re selling in a seller’s market: This is a great time to sell. Homes typically move quickly, and competition among buyers can lead to multiple offers, bidding wars, or offers above asking price. With high demand and limited inventory, sellers have the upper hand and are more likely to get favorable terms, including waived contingencies and minimal concessions.

>> Read: Should I Sell My House Now? 

How to tell if you’re in a buyer’s or seller’s market

Even if the national housing market favors buyers or sellers, individual cities and regions usually vary widely. Sometimes, even adjacent neighborhoods will have completely different trends. That’s why it’s important to do your research to understand which way your market leans. 

Here are a few ways to stay ahead of the competition.

Check the Redfin Data Center

Redfin publishes its monthly buyer vs. seller dynamics research to the updated Redfin Data Center for public viewing. On the dashboard, you can see whether the national housing market—and any of the 49largest metros—leans toward buyers or sellers. This is a good way to get a baseline picture of the housing market, but it may not reflect your neighborhood or include your city. That’s where additional research and insight comes in. 

Talk with a local agent

Local real estate agents know their market best. They have up-to-date knowledge on how long homes are sitting on the market, whether sellers are cutting prices, and how competitive offers are. An experienced agent can tell you if buyers have the upper hand or if sellers are still in control, and help you make informed decisions in your neighborhood.

Research housing inventory

A common way to gauge which way a market leans is to look at “months of supply” — the number of months it would take for available inventory to sell at the current rate. Supply below 4 months tends to favor sellers, while supply above 5 months tends to favor buyers. Redfin publishes this data on the Redfin Data Center for every city and metropolitan area in the country. 

Track sale price trends

Price growth often accelerates during a seller’s market and cools during a buyer’s market, sometimes even causing home prices to fall. If prices are growing and show no signs of slowing down, you could be in a seller’s market. 

Look at mortgage rates

Mortgage rates play a huge role in the housing market. Typically, the higher the rates, the less buyers shop for homes, making sellers more desperate for offers. This is the case today, which is putting buyers in the driver’s seat.

Looking forward

Economic uncertainty continues to throw a wrench into the housing market, with inflation, the Iran war, tariffs, and immigration policy all playing a role. Homebuilding is also more expensive than ever, putting pressure on the nation’s aging housing stock. 

But there are positives on the horizon. In part because housing costs are so high and so few homes are selling, price growth has slowed—and in some places, they are falling. Redfin economists expect price growth to slow further and affordability to improve in the coming years.

The prolonged seller’s market is over, so serious buyers with the budget may want to act now while competition remains lower.

Methodology

All data covers May 2026 and is seasonally adjusted, dating back to 2013. Please see this article for the full methodology, and this report for Redfin’s most recent analysis.

The post Is It a Buyer’s or Seller’s Market? appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

As temperatures climb across many parts of the country, homebuyers are paying closer attention to home features for hot climates that can improve comfort, lower energy costs, and make everyday living more enjoyable. From high-efficiency HVAC systems and energy-saving windows to shaded outdoor retreats, the right features can make a significant difference in how a home performs during the hottest months of the year.

In this Redfin guide, we’ll explore the hot weather home features real estate professionals say buyers value most and why they continue to influence purchasing decisions. Whether you’re preparing to sell a home in Allen, TX or upgrading your current home in Casa Grande, AZ, these expert-backed features can help maximize comfort, efficiency, and long-term appeal.

In this article:
1. High-efficiency HVAC systems that can handle the heat 
2. Energy-efficient windows and insulation 
3. Floor plans designed for airflow and natural ventilation  
4. Outdoor spaces built for shade and comfort
5. Pools and water features that help beat the heat  
6. Solar power and smart home technology
7. Drought-friendly landscaping that lowers maintenance
8. Flexible spaces for year-round recreation
Why home features for hot climates matter more than ever

1. High-efficiency HVAC systems that can handle the heat 

When summer temperatures soar, few home features are appreciated more than an HVAC system that can keep up. In hot-weather markets, buyers aren’t just looking for air conditioning – they want a system that can deliver consistent comfort through months of heat without sending energy bills through the roof.

Some of the HVAC-related features buyers commonly prioritize include:

• High-efficiency air conditioning units.
• Variable-speed HVAC systems that adjust output based on cooling needs.
• Smart thermostats for greater control and energy savings.
• Zoned cooling systems that allow different areas of the home to be cooled independently.
• Regularly maintained or recently replaced equipment.
• Dedicated dehumidification systems in humid climates.

“In hot weather markets like Miami, the most important home features are those that reduce heat, improve efficiency, and support comfortable indoor-outdoor living,” says Katerina Brosda at Brosda & Bentley Realtors in Miami. “Buyers prioritize impact-resistant, energy-efficient windows, strong insulation, and high-performance A/C systems that can handle long periods of heat and humidity. According to our CEO, Ekaterina Brosda, homes that are designed with energy efficiency and climate resilience in mind consistently perform better in warm-weather markets, both in comfort and long-term value.”

2. Energy-efficient windows and insulation 

While a powerful HVAC system does the heavy lifting when temperatures rise, energy-efficient windows and quality insulation help ensure that cool air stays where it belongs. Together, these features create a more comfortable indoor environment, reduce strain on cooling systems, and can lead to noticeable savings on monthly utility bills. For buyers in hot-weather markets, they’re often viewed as smart investments that pay off year after year.

“In hot weather markets, buyers are placing greater value on features that improve energy efficiency and reduce long term operating costs,” suggests Michelle Kolker at Team Kolker Wendlandt. “We are seeing increased demand for homes with owned solar systems, energy efficient windows, upgraded insulation, high efficiency HVAC systems, and smart climate controls.”

Some energy-saving upgrades buyers commonly look for include:

• Double- or triple-pane windows.
• Low-emissivity (Low-E) glass coatings that help block heat.
• Impact-resistant windows in storm-prone regions.
• Upgraded attic, wall, and crawl space insulation.
• Radiant barriers that reflect heat away from the home.
• Professionally sealed doors and windows to reduce air leaks.

3. Floor plans designed for airflow and natural ventilation  

Not all cooling solutions come from technology. Buyers are often paying closer attention to the way a home is designed, favoring floor plans that encourage natural airflow and help keep interiors feeling bright, open, and comfortable. Thoughtful layouts can improve ventilation, reduce stuffiness, and create a more pleasant living environment year-round.

Some design features that support better airflow and ventilation include:

• Flow-through floor plans with windows on multiple sides of the home.
• Open-concept living areas that allow air to circulate freely.
• Strategically placed windows and doors that encourage cross-ventilation.
• High ceilings that help heat rise away from living spaces.
• Large sliding doors that connect indoor and outdoor areas.
• Abundant natural light without excessive heat gain.

“In the South Florida real estate market, one of the biggest trends I’m seeing is the growing demand for flow-through layouts in newer residential developments, both in single-family homes and luxury condominiums,” Josh Stein explains. “By having two exposures, these homes allow for better natural ventilation, increased natural light, and a more comfortable indoor living environment – all critical factors in hot weather markets.” 

4. Outdoor spaces built for shade and comfort

In hot-weather markets, outdoor living is often just as important as indoor living. Buyers want spaces where they can relax, entertain, dine, or simply enjoy the weather without spending hours in direct sunlight. As a result, shaded outdoor areas have become one of the most sought-after features in warm climates, helping homeowners make the most of their yards, patios, and pool areas throughout the year.

“Buyers are also placing a stronger emphasis on shaded outdoor spaces, energy efficiency, and floor plans that create a seamless connection between indoor and outdoor living,” states Josh Stein.

Popular outdoor features that add comfort and functionality include:

• Covered patios and porches.
• Pergolas and shade structures.
• Retractable awnings.
• Outdoor ceiling fans.
• Covered outdoor kitchens and dining areas.
• Shaded seating and lounge spaces.
• Mature trees that provide natural shade.

5. Pools and water features that help beat the heat  

A pool is more than a luxury amenity – it’s a practical way to stay cool and enjoy the outdoors during long stretches of warm weather. Buyers are increasingly drawn to homes that offer opportunities for recreation, relaxation, and relief from the heat without having to leave their property.

“In hot weather markets like Arizona, buyers are looking for homes that help them stay comfortable while still enjoying an active lifestyle year-round,” says Jeff Collins, realtor and owner of The Collins Team. “Features like newer and oversized A/C systems, energy-efficient windows, shaded outdoor living areas, pools, and large RV garages are becoming increasingly important.”

Popular water-focused features include:

• In-ground swimming pools.
• Plunge pools and cocktail pools.
• Hot tubs and spas.
• Splash pads and shallow lounging areas.
• Waterfalls and decorative water features.
• Outdoor showers for rinsing off after swimming.

>> Check out: Does a Pool Increase Home Value?

6. Solar power and smart home technology

As energy costs continue to rise, many buyers are looking beyond traditional home features and paying closer attention to technology that can improve efficiency and reduce monthly expenses. Solar panels, smart climate controls, and connected home systems offer a combination of convenience, sustainability, and long-term savings that appeals to today’s homeowners.

Popular energy-saving and smart home features include:

• Owned solar panel systems.
• Battery storage systems for backup power.
• Smart thermostats that automatically adjust temperatures.
• Energy monitoring systems that track electricity usage.
• Smart blinds and shades that help reduce heat gain.
• Automated irrigation systems that conserve water.
• App-controlled lighting and home automation features.

7. Drought-friendly landscaping that lowers maintenance

A beautiful yard doesn’t have to require constant watering to make an impact. In hot-weather markets, buyers are increasingly drawn to sustainable landscaping that looks attractive while using less water and requiring less upkeep. Drought-friendly landscaping can help homeowners reduce maintenance demands, lower water bills, and create outdoor spaces that remain appealing even during the hottest and driest months of the year.

“Outdoor features such as covered patios, shade structures, drought tolerant landscaping, and thoughtfully designed outdoor living areas also carry significant appeal, as buyers want to maximize comfort while minimizing water and energy consumption,” says Michelle Kolker. “Homes that offer these features often stand out because they address both lifestyle preferences and the practical realities of living in a warm climate.”

Popular drought-conscious landscaping features include:

• Native and climate-adapted plants.
• Xeriscaping designs that minimize water use.
• Drip irrigation systems.
• Decorative gravel, stone, and mulch.
• Shade trees that help cool outdoor spaces.
• Low-maintenance ground covers.
• Artificial turf in select applications.

8. Flexible spaces for year-round recreation

Flexible outdoor spaces have become especially popular as homeowners want rooms that can shift easily between work, fitness, entertainment, and hobbies depending on the season and their needs. Instead of single-purpose rooms, versatility has become a major selling point.

Jeff Collins explains: “We’re also seeing strong demand for flexible spaces that can be converted into home gyms, pickleball courts, hobby spaces, or indoor entertainment areas, especially in markets like Lake Havasu where outdoor living is a huge part of the lifestyle.”

Common flexible space features include:

• Home gyms or fitness studios.
• Bonus rooms for hobbies or crafts.
• Game rooms and indoor entertainment spaces.
• Converted garages or multipurpose areas.
• Finished basements or lofts.
• Spaces that can support indoor sports like pickleball or training areas.
• Open rooms that can be easily reconfigured.

>> Read more: Ideas for Using Your Outdoor Space Year-Round

Why home features for hot climates matter more than ever

As buyer priorities continue to evolve, hot weather home features are becoming increasingly important for comfort, efficiency, and long-term value. Whether you’re buying, selling, or improving your home, investing in features designed for the heat can pay off both now and in the future.

The post Top 8 Home Features for Hot Climates appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Key Takeaways:

For many homeowners across the country, deciding whether to remodel or move has become more complicated in today’s housing market. Home prices remain elevated, mortgage rates are still above 6%, and there are roughly 47% more home sellers than buyers nationwide. According to a recent Redfin survey, 43% of homeowners chose to renovate in the last year, and two-thirds of renovators did so as a deliberate alternative to buying.

“Many Americans are choosing to stay put and make the home they already have work for them,” confirms 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.”

But how do you know whether moving or renovating is the right call? Here’s how to compare the costs, tradeoffs, and market factors that can help you decide.

Should you remodel or move? A quick answer

Remodeling is often cheaper than moving if you’re dealing with smaller updates, but major renovations can cost as much as, or more than, buying another home. Which is the cheaper option will depend on your renovation plans, local home prices, mortgage rates, current home equity, and moving costs.

How to decide whether to remodel or move

Both remodeling and moving have their pros, cons, and costs. Redfin found that most recent renovators spent less than $20,000 on their home projects, suggesting many homeowners are choosing targeted upgrades instead of full-scale remodels to help their current home work for them. And with roughly 80% of homeowners holding a mortgage rate below current levels, moving can also mean trading your familiar monthly payment for a more expensive one. 

But renovation isn’t automatically the safer or cheaper path. A kitchen remodel can easily run $15,000–$50,000+, depending on the scope. Add a bedroom, and you could be looking at tens of thousands more. Factor in permit delays, surprise repairs, and rising material costs, and the price tag starts to rival a down payment on a new home. 

“Higher costs typically come from structural alterations, engineering plans, and major renovation work,” warns Yonatan Asulin, founder of ASL Remodeling. “Finished materials can add tens of thousands more depending on selections.”

So which option is right for you? It comes down to what problems you’re trying to solve, the real costs, your local housing market and monthly payments, and your timeline.

What problem are you trying to solve? 

Remodeling can often fix:

• Outdated kitchens or bathrooms
• Poor storage
• Worn flooring
• Bad lighting
• Unfinished basements
• Cosmetic updates
• Some layout issues

Moving may be better for:

• A bad commute
• The wrong school district
• Too little land
• Street noise
• No room to expand
• A neighborhood that no longer fits
• Major structural limitations

If the things on your list mostly fall under “can’t be renovated,” moving is likely the right answer regardless of cost. If they’re mostly fixable, keep reading. 

What would remodeling actually cost?

Remodeling doesn’t have to mean gutting the whole house. Plenty of homeowners choose smaller updates that make the home feel more livable without taking on a major construction project.

But costs can rise fast once you get into structural work, additions, or digging into walls.

“High-cost items like moving mechanical systems or installing custom cabinetry can significantly impact budgets,” says Sara Hillery of Sara Hillery Interior Design. “Even simple facelifts can add up, and electrical work is often underestimated, especially in older homes without modern lighting.”

National remodeling costs vary widely based on project scope, labor costs, and material selections, but the table below provides a general benchmark.

Common remodeling projects and cost

_{All cost data comes from Angi}

When budgeting for a remodel, don’t forget to factor in things like labor rates, materials, permits, design plans, temporary housing or storage, financing costs, and a 15%–20% contingency for surprises.

“Think of your initial budget less as a firm number and more as a comfort zone that reflects what you want to achieve, and what you’re willing to invest,” recommends kitchen designer Adam Johnston at UB Kitchens. “The most successful projects are those where homeowners set clear priorities and make thoughtful tradeoffs.” 

What would moving actually cost? 

Moving can feel like the simpler solution, but selling your current home and buying another comes with its own set of costs that add up. A reasonable estimate is usually about 10-15% of your home’s sale price once agent fees, closing costs, moving expenses, and pre-sale repairs are factored in.

You might also end up with a higher mortgage payment, property taxes, HOA fees, and other costs that can come with setting up a new home. If your current home would sell well and you have strong equity, moving might be the right choice. But if higher housing costs would push your budget, remodeling might be the more affordable option.

What would happen to your monthly payment?

Even if you can afford the down payment on another home, your monthly payment might change a lot if you swap your current mortgage for a new one. That is especially true if you bought or refinanced when rates were lower. Rates have stayed above 6% for nearly four years, and more homeowners now have a rate above 6% than below 3%—so if you locked in a sub-5% rate a few years ago, that could drastically affect your bottom line.

You can use a mortgage calculator to see what your new payment could look like on a different home with today’s rates, then compare that to the monthly cost of financing a renovation with a home equity loan or home equity line of credit (HELOC). 

What is happening in your local housing market?

If there are few homes for sale in your target area, remodeling could be the more practical choice. If your current home could sell well and there are homes available that are a better fit, moving might be worth it.

In some areas across the country, inventory has improved, and buyers have more negotiating power. Sellers may need to price more conservatively or offer concessions, especially with an estimated 47% more sellers than buyers in the current national market. In a competitive market, like the Bay Area, buyers may have fewer choices and less room to negotiate. 

Understanding current market conditions can drastically affect whether staying in place or starting fresh is the answer. 

Before deciding whether to remodel or move, ask:

• Are there homes available that actually meet your needs?
• Can you afford your target neighborhood at today’s rates?
• Would your current home sell quickly, or would you need to price aggressively?
• Are buyers in your area asking for concessions?
• Would your remodel fit nearby home values?
• Is your market favoring buyers, sellers, or somewhere in between?

A local Redfin agent can give you the most accurate read on what’s actually happening with prices, days on market, and competition in your specific neighborhood. 

How long do you plan to stay?

Your timeline can be one of the biggest factors in deciding whether to remodel or move.

If you plan to stay in your home for several more years, renovating may make more sense. You’ll have more time to enjoy the improvements, spread out the cost, and potentially build equity.

If you’re already thinking about moving in the next year or two, a big renovation could be harder to justify. Large projects can be expensive, disruptive, and may not pay off if you won’t be around long enough to benefit from them.

If you do plan to sell soon, smaller improvements like paint, landscaping, and minor kitchen or bathroom updates can often provide a better return on investment than a major remodel.

When remodeling makes more sense

• You love your location. School district, commute, neighborhood, proximity to family—those things matter more than most people give them credit for. If the only thing you don’t love is the house itself, intentional upgrades might solve the problem.
  
  
• The renovation costs less than moving. When the transaction costs of buying and selling exceed what it would cost to renovate, staying where you are is often the smarter financial move.
  
  
• Your home has good bones. A structurally sound home that’s simply dated, or just needs cosmetic updates, is a strong renovation candidate. The cost to modernize is often less than the cost to buy and sell.
  
  
• You want to build equity strategically. Smart upgrades can add value and improve livability. Kitchens and bathrooms consistently offer strong returns, and so do garage door replacements and curb appeal improvements.
  
  
• You’re not ready to take on a new mortgage. Even if the lock-in effect has faded somewhat, your current rate and payment may still be significantly better than what you’d get today. Renovation financing through a HELOC or home equity loan might cost less over time than resorting to a new purchase loan.

When moving makes more sense

• The problem isn’t fixable with a renovation. If the dissatisfaction is with your location, lot size, school district, or neighborhood, renovating can’t fix those things—and spending $50,000 on a kitchen won’t make you like your commute.
  
  
• You’d be over-improving. Every neighborhood has a value ceiling, or the most buyers will pay regardless of how nice a home is. If your renovation would push your home above comparable sales in the area, you likely won’t recoup it.
  
  
• Your home has fundamental layout or size issues. Sometimes a house is just too small or configured in a way that no renovation can fix. Adding square footage is expensive and isn’t always possible given lot size or local zoning, and it could cost more than the time or long-term value is worth.
  
  
• You have significant equity and a solid plan. If you’ve built up years of equity, are moving to a more affordable area, or are downsizing, the financial case for moving can actually work in your favor, especially if you’re not trading one high-rate loan for another.

Should you remodel or move? The final verdict

Deciding whether to remodel or move usually comes down to what you’re trying to fix, and what it would cost to fix it. 

If you love your neighborhood, have a mortgage rate that would be hard to replace, and your home’s issues are mostly cosmetic or functional, renovating could be the better strategy.

But if your current home no longer fits your lifestyle, location needs, or long-term plans, a remodel might only delay the inevitable. 

Before making a decision, compare the full cost of renovating with the true cost of selling, buying, and taking on a new monthly payment. The right answer depends on your finances, your local housing market, and whether your current home can realistically meet your long-term needs.

The post Should I Remodel or Move? How to Decide in Today’s Housing Market appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Moving to Chicago comes with a lot to look forward to, but like any big move, it helps to know what you’re getting into before packing boxes. Beyond the skyline and lakefront views, Chicago is a city of distinct neighborhoods, great local pride, and a pace of life that varies block by block. Whether you’re looking for a home in Chicago for work, school, or a fresh start, understanding what daily life is really like in Chi-town can help you settle in faster and make the most of your move. 

1. The cost of living

One of the most crucial things to know before moving to Chicago is the cost of living in Chicago. The expenses in Chicago can be extensive, which is common in larger cities. In fact, the cost of living is 18% higher than the national average. Housing costs in particular are 45% more than the national average and tend to be most expensive in desirable neighborhoods like the Loop, River North, or Lincoln Park. 

In terms of moving costs, MoveAdvisor shares direct insight into what a move to Chicago looks like. “From a moving advisor’s perspective, helping thousands of people relocate to Chicago, newcomers should first know that local moves within the city typically range from $500 to $3,800, depending on home size. With a typical studio or one-bedroom averaging about $510, while long-distance moves (such as around 1,000 miles) generally run from $3,060 to $6,500 for a one-bedroom, or $6,050 to $9,150 for a four-bedroom.”  The team adds, “Practical advice for anyone moving: Plan your relocation during the off-peak season from September to May to help manage costs, explore neighborhoods in person to find the perfect lifestyle fit, and tap into strong job markets in tech, finance, healthcare, and education.”

2. There is a great sense of community

From neighborhood festivals to cultural diversity, the city fosters a welcoming atmosphere that creates connections and a shared sense of belonging.

“Chicago’s local culture is built around its neighborhoods, lakefront, and architecture,” the team at Openmart explains. “Based on Openmart’s database, the city has 9,000+ restaurants, including thousands of Italian-tagged spots and 1,000+ Asian restaurants, plus 2,000+ bars, 2,000+ spas, 900+ clothing shops, 800+ barber shops, and 700+ dental clinics. What makes Chicago distinct is how these businesses reflect neighborhood identity: from Mexican restaurants and murals in Pilsen to old-school Italian spots near Taylor Street, Asian food in Chinatown and Argyle, and bars and boutiques in Logan Square. For newcomers, the best advice is to choose a neighborhood based on lifestyle, not just commute: L access, lakefront proximity, street character, and local business mix can define the Chicago experience.”

>>Read: What Locals Love About Chicago 

3. Chicago is a food lover’s paradise

As Openmart shared, the city has no shortage of amazing spots. While Chicago is known for its deep-dish pizza, Chicago’s food offerings extend far beyond its famous pie. From neighborhood hot dog stands to Michelin-starred restaurants, the city has offerings for every palate. Because of its cultural heritage, Chicago has an incredible variety of international cuisines, including Italian, Mexican, Chinese, Indian, and more. A great way to try new cuisines is by visiting food markets, such as the famous Chicago French Market and the Chicago Riverwalk, where visitors can savor local specialties. 

4. You’ll find many charming neighborhoods 

One of the best things about Chicago is its collection of neighborhoods. Areas like Lakeview, Logan Square, and Hyde Park each have their own personality, giving residents plenty of options whether they’re looking for a lively social scene, historic charm, or a quieter community feel. 

“Chicago offers an incredible variety of distinct, walkable neighborhoods. Each neighborhood has its own personality, making the city feel like a collection of welcoming communities. Locals love the rich cultural tapestry, including its status as the third-largest cultural center in the U.S. with world-class museums, theaters, and thriving arts scenes, paired with an enormous selection of international cuisines reflecting its diverse global community,” the team at Move Advisor shares. 

A great way to determine what neighborhoods suit your lifestyle best is to visit a few beforehand. “If you’re relocating but not ready to immediately buy a home, staying in a vacation rental while you explore areas like Lincoln Square, Portage Park, or Edgewater is the best way to test out neighborhoods,” the team at Evolve explains. “With nearly 70 properties across the Chicago market, our short and mid-term rentals offer you the flexibility to land somewhere comfortable while you figure out where you actually want to put down roots.”

5. Sports are a huge part of Chicago life

If you’re a sports enthusiast moving to Chicago, you’ll fit right in. The city is home to iconic franchises, including the Chicago Cubs and the Chicago White Sox in Major League Baseball, the Chicago Bears in the National Football League, the Chicago Bulls in the National Basketball Association, and the Chicago Blackhawks in the National Hockey League. 

Whether you’re a baseball, football, basketball, or hockey fan, there is a Chicago team to cheer on. The city’s sports culture is deeply ingrained, and attending a game at one of its historic venues, such as Wrigley Field or Soldier Field, is an experience unlike any other. 

6. Every hobby has a home

Like most cities, Chicago has so much to offer, no matter where your interests or hobbies lie. For those who enjoy physical activity, there are plenty of yoga studios, gyms, and workout studios for any level of fitness. 

When you need a break from the city’s pace, take a sweet retreat at Sat Nam Yoga. Located just 10 minutes west of the lake and the Magnificent Mile, this little oasis is a welcome escape from the hustle. Drop into a yoga class or sound bath at this beloved Chicago healing sanctuary.

Chicago also has a strong car culture, with events and gatherings taking place throughout the year. The city is also home to the Chicago Auto Show, which draws visitors from around the world and showcases everything from new vehicle releases to classic cars. 

“For automotive enthusiasts, you’ll be pleased to know that Chicago offers a thriving car culture,” shares Matt Farnsworth from Vintage Ltd., a men’s motorsport apparel company. “You’ll find numerous car clubs, auto shows, and events throughout the year, including the renowned Chicago Auto Show held annually at McCormick Place. Additionally, this year’s NASCAR race will be held in downtown Chicago, providing an exciting opportunity for racing fans to experience the thrill of high-speed action in the city’s heart.”

7. You’ll find the city full of history and culture

Chicago has no shortage of history and culture. You’ll find it in the city’s architecture, museums, music venues, theaters, and neighborhoods, each with its own stories and traditions. 

The Firehouse Dream, a local space for BIPOC creatives, shares, “As a community-centered organization, the robust history and culture are important to know before moving to Chicago. As a diverse city, it provides various cultural experiences through food, art, and community-led projects that bring awareness to each neighborhood, like Humboldt Park, Bronzeville, Chinatown, and more. Consider how you can use food, music, and activities to learn more about all the beautiful cultures here.”

8. Be ready for all kinds of weather

Chicago weather keeps you on your toes. Winters can be snowy and bitterly cold, summers are often hot and humid, and it’s not unusual for conditions to change quickly throughout the day. Layering will be your best friend; always keep a light jacket handy, no matter the season. 

9. There is plenty of efficient public transportation 

Many Chicago residents rely on public transit to get to work, school, and other destinations throughout the city. Abbey Brown, a local soap artisan, shares, “Walking, biking, and an easy commute by bus or train are how we roll here in Chicago. Once here, make your way to find creative neighborhoods with architectural delights. Each area has specialty shops, unique flavors, and experiences that will draw you in perfectly, making Chicago your home base.”

The city’s trains, buses, and options for commuters create a reliable transportation network between the city neighborhoods and suburbs. The ‘L’ train system, operated by the Chicago Transit Authority (CTA), serves as the backbone of the city’s public transit, connecting downtown with various corners of the city. Commuters can easily navigate the city using color-coded train lines, which provide quick and affordable transportation. Apart from the train system, an extensive bus network covers nearly all city areas, providing options for commuters. 

10. The parks and green spaces are everywhere

Chicago has plenty of places to get outside without leaving the city. The lakefront stretches for miles and is lined with parks, beaches, trails, and green spaces that stay busy year-round. Residents spend time walking the Chicago Riverwalk, relaxing in Millennium Park, or visiting the Lincoln Park and Garfield Park Conservatories. From morning runs along the lake to weekends in neighborhood parks, outdoor recreation is a regular part of life for many Chicagoans. 

The post 10 Things to Know Before Moving to Chicago appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Key takeaways

• A home spends a median of 49 days on the market before an offer is accepted.
• A record number of homes are sitting on the market for over 60 days, forcing many sellers to offer concessions or drop their prices.
• Due to economic uncertainty, high mortgage rates, and elevated home prices, buyers currently hold significant bargaining power.
• Working with an experienced agent and looking beyond traditional MLS listings can significantly speed up your sale and mitigate the risk of canceled contracts.

One of the most common questions homeowners ask when preparing to sell is, how long does it take to sell a house? While every market is different, recent Redfin data shows the national median days on market for a home is 49 days, with an additional 30 to 60 days typically required to close the sale once an offer is accepted.

Selling a home in 2026 requires more patience and flexibility than it did just a few years ago. Inventory has been rising in many markets, giving buyers more options and reducing the urgency that defined the pandemic-era housing boom. There were an estimated 43.1% more home sellers than buyers in the market at the start of 2026, and a record share of listings are sitting on the market for more than 60 days.

As a result, many sellers are seeing longer selling timelines and facing more competition from other listings. The typical home now takes more than two months to go under contract, a significant shift from the fast-moving pandemic market many sellers grew accustomed to during the pandemic. Homes that are priced appropriately and presented well can still sell quickly, but today’s market often requires realistic expectations, strategic pricing, and a willingness to negotiate. Understanding the typical home-selling timeline can help you prepare for each stage of the process and avoid surprises along the way.

How long do most houses take to sell?

While every market is different, the typical home spends a median of 49 days on the market before an offer is accepted, followed by an additional 30 to 60 days to close. However, this can vary based on market conditions, buyer financing, property condition, and how quickly each party responds during the process. 

While your personal selling timeline depends heavily on localized factors, the sequential stages of the home selling process generally follow the same blueprint. In 2025, it took the typical seller 70 days from list to close, placing current market expectations right at the upper limit of the historical average range. 

Typical home selling timeline:

• Home preparation (1–3 weeks): This phase includes cleaning, decluttering, staging, and completing minor repairs. Professional photos are captured before your home officially hits the market.
• Active listing period (10–30 days): Your home receives showings and open houses. In a highly competitive niche, this can happen in days; in slower markets, it can take several weeks.
• Offer negotiation and acceptance (1–5 days): You will review terms, negotiate contingencies, and formally accept a contract.
• Inspection and appraisal (7–14 days): Once under contract, the buyer schedules a home inspection while their lender orders an appraisal. Issues uncovered here may trigger renegotiations or repair credits.
• Final loan approval and escrow (2–4 weeks): The buyer’s lender processes underwriting, verifies documents, and clears the loan to close while a title company checks legal requirements.
• Closing day (1 day): Both parties sign final paperwork, ownership transfers, and you receive your net proceeds.

What factors affect the time it takes to sell a house?

A few primary variables dictate whether your home sale will move like a sprint or a crawl:

• Location: Neighborhoods with top-tier schools or major transit hubs inherently move faster. Conversely, properties in rural or isolated areas take longer due to a smaller pool of local buyers.
• Price: Overpriced homes quickly grow stale. In fact, a record 34.2% of home sellers had to cut their list price to attract buyers, with an average reduction of nearly $41,000.
• Condition and staging: Turnkey, move-in-ready homes appeal to the widest audience. Investing upfront in curb appeal can shave weeks off your market timeline.
• Seller concessions: Buyers facing tight budgets are heavily negotiating for financial help. Recent data shows that 44.4% of U.S. home sales included seller concessions – such as cash toward closing costs or mortgage rate buydowns.

Where homes are selling fastest and slowest

The real estate market is highly localized. One way to measure market speed is the share of homes that remain on the market for more than 60 days without going under contract.

 More than half of all U.S. homes for sale are sitting on the market for at least 60 days without an offer, creating an unprecedented $347 billion in “stale” inventory. But conditions vary dramatically by market. Some metros continue to move relatively quickly, while others are dealing with a growing backlog of unsold homes.

Note: In heavy new-construction regions like the Sun Belt (Texas and Florida), surging inventory means sellers drastically outnumber buyers, dramatically slowing sale times.

How quickly can you sell a house?

In desirable areas, a property priced aggressively can secure an offer within a few days. However, an offer is only the first milestone. The average time to formally close a real estate transaction ranges from 30 to 60 days due to underwriting, title checks, and appraisals.

Sellers must also brace for the reality of contract dropouts. Failed negotiations over inspections or sudden mortgage rejections lead to canceled contracts quite frequently in a volatile economic climate. For perspective, in 2025, it took the typical buyer 61 days from their very first home tour to final closing. This means buyers are taking their time, evaluating multiple properties, and moving carefully through the transaction pipeline.

When is the best time of year to sell a house? 

The time of year you list your home can affect how quickly it sells. According to a recent Redfin analysis, late April is typically the best time to sell a house nationwide. Homes listed during this period are more likely to sell above asking price and tend to sell faster than homes listed at other times of the year.

Spring generally brings the largest pool of active buyers, which can lead to stronger offers and a quicker sale. Sellers who miss the late-April window can still benefit from listing between late March and mid-May, when buyer demand is typically strongest.

Winter is usually the slowest time to sell a house. Buyer activity often declines between November and February, meaning homes may take longer to sell and require more strategic pricing.

That said, the best time to sell a house varies by market. Local inventory levels, buyer demand, mortgage rates, and economic conditions often have a bigger impact on how quickly a home sells than the calendar alone.

Frequently asked questions about home sale timelines 

Can a house sell in less than 30 days?

Yes. In highly desirable neighborhoods, a well-priced home can go under contract in just a few days and close within 30 days if the buyer is paying cash or has financing ready. However, most home sales take longer, especially in markets where inventory is rising and buyers have more options.

What size house sells the fastest?

According to historical market data, mid-sized homes between 1,500 and 2,000 square feet sell the fastest. This footprint hits a sweet spot for the largest segments of the buying public: first-time buyers, growing young families, and downsizing retirees. Niche luxury properties or homes requiring total overhauls tend to linger.

How long should you live in a house before selling?

A traditional rule of thumb is to remain in your home for five years before selling. This gives you adequate time to build equity, recoup transactional moving costs, and comfortably satisfy IRS rules for the capital gains tax exemption (which requires living in the home as your primary residence for two out of the previous five years).

How to sell your home faster and for more money

While every market is different, there are several steps sellers can take to improve their chances of selling more quickly:

1. Price it right from day one: Instead of pricing high with the expectation of negotiating down, use recent local sales to set a realistic asking price. Overpriced homes often sit on the market longer and may ultimately require price reductions.
2. Consider buyer incentives: In today’s market, many buyers are looking for help with affordability. Offering concessions, such as closing cost assistance or a temporary mortgage rate buydown, can make your home more attractive without requiring a larger price cut.
3. Consider all of your listing options: While the Multiple Listing Service (MLS) remains the primary way to market a home, some sellers choose to explore private listing networks before listing publicly. Through Redfin’s partnership with Compass, eligible sellers may have the option to market their home privately, allowing them to gauge buyer interest, test pricing, and decide when,or whether, to launch a public listing

Read More: Should I Sell My House Now? 

The post How Long Does It Take to Sell a House in 2026? appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

For many, buying a home is one of the biggest financial decisions they’ll make, but how do you know the price is fair? Understanding the housing market, estimating the value of that unique feature, knowing what tools to use, and asking the right questions can be challenging, but that’s what we’re here for. Whether you’re purchasing your first home in Bellevue, WA or wondering if a vacation house in Largo, FL is overpriced, knowing how to spot an overvalued property is essential for both first-time buyers and seasoned investors alike. 

Key takeaways

• A home is often overpriced if it sits on the market too long, is frequently re-listed, or isn’t selling while its comparables are.
• Tools like comparable sales, price per square foot, and online home value estimates can help assess market value.
• Real estate agents and appraisals can offer guidance when evaluating whether a home is priced accurately.

1. The house has sat on the market for awhile

Reasonably priced homes typically attract attention and offers within the first few weeks of being listed. So if a house has been sitting on the market for an extended period of time can be an indicator it’s overpriced, especially in a competitive market. As the property continues to sit, buyers may begin to think there’s something wrong with it besides its higher price tag, further decreasing demand.

“I tell my clients that we know a home is overpriced if the days on market are a week or more above average,” states John Myers, owner and qualifying broker at Myers & Myers Real Estate. “It is clearly overpriced, and the market is telling us it is overpriced.”

In a balanced market, homes typically sell within 30 to 90 days. In a hot seller’s market, they can go under contract in as little as 1 to 3 weeks.  If you’re unsure whether or not the house has sat on the market for “awhile,” take a look at the average DOM (Days on Market) of the house’s comparables.  

2. The home has been on and off the market

A home that’s been listed, removed, and re-listed multiple times may be a sign that the seller is having trouble attracting offers or is unwilling to adjust the price. In many cases, sellers pull a listing after limited interest and re-post it later without making meaningful changes, hoping to catch new buyers. But this strategy can backfire, especially in competitive markets, and may lead buyers to wonder what’s wrong with the home.

To get a clearer picture, review the property’s listing history. Frequent price changes, short listing windows, or multiple failed contracts within the past 3–6 months (or 6–12 months in a slower market) could signal that the home is overpriced or has underlying issues.

3. Neighborhood homes are selling, but not this one

This market behavior shows that other buyers are not willing to pay the listing price, whether that’s due to cost alone, the home’s condition, or both. This is especially true if the neighborhood homes are selling quickly, which signals strong demand for the area. In that case, the home is likely desirable, just not at its current price.

4. Nearby homes are listed, but not selling

On the other hand, if several neighborhood houses are also not selling, this often indicates that prices in the area are too high for current market demand. Sellers might be pricing based on outdated data from a hotter market, while buyer demand has cooled. This could be a signal that pricing expectations in the neighborhood are too high across the board.  

“One of the easiest ways for buyers to identify an overpriced home is to compare it to similar properties that have recently sold and those currently on the market,” suggests Mike Taylor at Realty One of New Mexico. “Today’s buyers have access to more information and technology than ever before, making it easier to evaluate a home’s value relative to competing options. If a property is priced significantly above comparable homes without offering meaningful advantages, or if it remains on the market while similar homes sell, it may be overpriced.”

5. The price doesn’t match recent sales

Look at the recent sale prices of homes with similar square footage, features, and location (comps in the area). If this home is priced much higher without offering more, it’s probably overpriced.

“Compare the asking price against recent sold prices of similar nearby homes – not other listings, since those are just asking prices and can be inflated too,” suggests Brian Burke at Kenna Real Estate. “If the price-per-square-foot is noticeably higher than the neighborhood norm without upgrades to justify it, or if the home isn’t getting showings while others are selling, you’re likely looking at a seller who’s anchored to a number the market won’t support.”

Pay special attention to:

• Price per square foot
• Lot size
• Renovations or upgrades
• Layout and bed/bath count

Your agent can also help you run a comparative market analysis (CMA) to pinpoint what the home should be worth.

6. Online estimates and appraisals show a lower value

If the home’s price is significantly higher than what you’re seeing on Automated Valuation Models (AVMs) like Redfin Estimate, that’s worth noting. 

You can also ask your agent for a ballpark estimate or, if you’re serious about the property, consider paying for an appraisal. If the appraisal comes in low, you may have leverage to negotiate the price, or walk away.

“Determining if a home is priced right starts with digging into recent comparable sales to see how it stacks up against the rest of the neighborhood,” recommends Claire Paris, owner and principal broker, Paris Group Realty. “Keep an eye out for signs like a house sitting on the market too long or repeated price drops, as these are often red flags that the initial ask was a bit too ambitious. Ultimately, pricing and value are deeply personal, so trust your gut: if the house feels right and fits your long-term plan, the ‘right’ price is the one that makes sense for you.”

7. The home doesn’t match your perception of value

Sometimes a home just doesn’t feel worth the asking price, even if the numbers look okay on paper. Maybe it needs too much work, has an awkward layout, or lacks curb appeal. Value is partly objective, but your personal budget, goals, and priorities matter too.

If you’re not comfortable paying full price, trust your instincts and talk to your agent about options.

However, if you don’t think the house’s condition, location, and features match your willingness to pay the listing price, then you can consider it overpriced as value can be subjective.

What to do if you think a home is overpriced

• Make a reasonable offer: Base your offer on comps, not the list price.
• Support your offer: Use DOM data, price history, and market conditions to strengthen your case.
• Be ready to walk away: If the seller won’t budge, be prepared to move on. New listings come up every day.
• Lean on your agent: A good real estate agent will help you assess pricing, negotiate strategically, and avoid overpaying.

Overpriced home FAQs: What buyers should know

Why do sellers overprice their home?

Several reasons such as emotional attachment, overestimation of upgrades, or unrealistic expectations based on past market trends.

How do I bid on a house that is overpriced?

Start with a fair offer based on comparable sales, market data, and consider supporting your offer with a pre-approval letter. When in doubt, work with a real estate agent for more help with the bidding process.

How do I make sure I’m not overpricing my house when selling?

Research comparable properties and consult a real estate agent for a comparative market analysis. You can also get an appraisal or using Automated Valuation Models (AVMs) to ensure your listing price aligns with the current market.

Should my real estate agent review the home’s full price history?

In short, yes. This review can help you make a more informed offer by identifying patterns like frequent re-listings or price changes that can indicate issues or overpricing. Be sure to also include any on-and-off market cycles for a better look at the property’s history.

The post How to Know if a House is Overpriced appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.