Redfin Metro Housing Market Update
Redfin reports based on year-over-year changes on the most populous metro markets and the housing market trends. The metro areas of Milwaukee, Chicago and Philadelphia are the strongest moving markets. Milwaukee homes in particular are striking bidding wars between prospective buyers with Redfin citing factors like the desirable location and inventory shortage.
Las Vegas reported home sales down 10.2% year over year and inventory up a surprising 44.8%, making it the softest metro area. Despite this other areas that are seeing slower movement are in southern, sun-belt states like Miami and Orlando Florida.
