Predict your next investment

Corporation
INTERNET | Internet Software & Services / Real Estate
redfin.com

See what CB Insights has to offer

Founded Year

2002

Stage

PIPE | IPO

Total Raised

$166.95M

Market Cap

3.42B

Stock Price

32.41

Revenue

$0000 

About Redfin

Redfin (NASDAQ: RDFN) is a technology-powered residential real estate brokerage that represents people buying and selling homes throughout the United States. The company meets customers through its listings-search website and mobile application, reducing the marketing costs that can keep fees high. Redfin lets homebuyers schedule home tours with a few taps of a mobile-phone button, and provides an immersive online experience for every Redfin-listed home and then promotes that listing to more buyers than any traditional brokerage can reach through its own website. The platform uses machine learning to recommend better listings than any customer could find on their own.

Redfin Headquarter Location

1099 Stewart St. Suite 600

Seattle, Washington, 98101,

United States

844-759-7734

Latest Redfin News

Redfin Reports Home Sales Posted Largest Monthly Decline Since Pandemic Onset

Jan 14, 2022

Housing supply fell to a new low in December, fueling a 3.6% month-over-month drop in home sales January 14, 2022 08:00 AM Eastern Standard Time SEATTLE--( BUSINESS WIRE )--(NASDAQ: RDFN)—Fewer homes than ever were for sale in December, driving seasonally-adjusted home sales down 3.6%, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. This marks the largest month-over-month sales decline since May 2020. Home prices surged 15% from a year earlier, the 17th consecutive month of double-digit increases. “Home sales are slumping, but not for lack of demand,” said Redfin Chief Economist Daryl Fairweather. “There are plenty of homebuyers on the hunt, but there is just nothing for sale. In many markets, shopping for a home feels like going to the grocery store only to find the shelves bare. In January, I expect to see more buyers and sellers in the market, but demand will increase more than supply -- pushing prices higher at the start of this year.” Market Summary 1,360,200 † - “pts” = percentage-point change “The wild housing market did not take a break for the holidays,” said Brionna Chang, a Redfin real estate agent in the San Francisco area. “There was one two-bedroom home in Orinda that was listed just before Christmas and around 40 people immediately came to the open houses. It ended up getting multiple offers and going for $325,000 over the $1.2 million asking price.” Median sale prices increased from a year earlier in all but one of the 88 largest metro areas Redfin tracks. The only metro area with a decrease was Bridgeport, CT, where home prices fell 0.4% from a year earlier following a 28% year-over-year increase in December 2020. The largest price increases were in Austin, TX (+30%), North Port, FL (+28%) and Phoenix, AZ (+28%). Seasonally-adjusted home sales in December were down 3.6% from a month earlier and 11% from a year earlier, the largest annual decline since June 2020. Home sales fell from the prior year in 79 of the 88 largest metro areas Redfin tracks. The biggest sales declines were seen in Nassau County, NY (-22%), New Brunswick, NJ (-22%) and Albany, NY (-21%). The largest gains were in Greenville, SC (+9%), Greensboro, NC (+8%) and Baton Rouge, LA (+7%). Only one of the 88 largest metros tracked by Redfin posted a year-over-year increase in the number of seasonally adjusted active listings of homes for sale: Detroit, MI (+4%). The biggest year-over-year declines in active housing supply in December were in Baton Rouge, LA (-52%), San Jose, CA (-49%) and San Francisco, CA (-46%). Seasonally adjusted new listings of homes for sale were down 13% in December from a year earlier, the largest decline since May 2020. New listings fell from a year ago in 82 of the 88 largest metro areas. The typical home that sold in December went under contract in 24 days—a week faster than a year earlier, when homes sold in a median 31 days, but up nine days from the record low of 15 days in June. In December, 43% of homes sold above list price, down 14 percentage points from the record high in June, but up 9 percentage points from a year earlier. The average sale-to-list price ratio in December was 100.5%, down from a record high of 102.6% in June but up from 99.4% a year earlier. To read the full report, including charts and additional metro-level highlights, please visit: https://www.redfin.com/news/home-sales-down-11-pct/ About Redfin Redfin ( www.redfin.com ) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people. For more information or to contact a local Redfin real estate agent, visit www.redfin.com . To learn about housing market trends and download data, visit the Redfin Data Center . To be added to Redfin's press release distribution list, email press@redfin.com . To view Redfin's press center, click here . Contacts

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Redfin

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Redfin in 4 CB Insights research briefs, most recently on Apr 14, 2021.

Expert Collections containing Redfin

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Redfin is included in 1 Expert Collection, including Real Estate Tech.

R

Real Estate Tech

2,286 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, et

Redfin Patents

Redfin has filed 19 patents.

The 3 most popular patent topics include:

  • Real estate
  • Online real estate databases
  • Social networking services
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/13/2017

9/29/2020

Computer memory, Real estate, Rotating disc computer storage media, DVD, Computer storage media

Grant

Application Date

11/13/2017

Grant Date

9/29/2020

Title

Related Topics

Computer memory, Real estate, Rotating disc computer storage media, DVD, Computer storage media

Status

Grant

Redfin Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Redfin Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.