Searches for Single Family Homes at 4 Year High Says Redfin

June 16, 2020
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American realtor giant Redfin has released data from its website which suggests that people in the states are looking for more space with their next home. According to the data, in May 36% of searches were filtered for single-family-homes (detached homes) which is up from 33% in February and represents a 4 year high. Tampa, Boston, Seattle, San Jose and Las Vegas were reported among the cities that saw the biggest increases in single-family-home filtering.

Redfin economist Tayor Marr suggested that users who previously might have been willing to sacrifice space and comfort for a shorter commute “now want their own yards and home offices” thanks to flexible work from home policies. 

Although not strictly a property portal, the number of listings on Redfin’s site and its national coverage effectively make it one of the top real estate sites in the country. The company’s data follows a trend we’ve seen in other markets and with Redfin now releasing data on a weekly basis, it will be interesting to see if the trend continues.

June 16, 2020
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

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