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Redfin Reports U.S. Home Sellers Are Sitting on $700 Billion Worth of Listings, an All-Time High

1. $698 billion worth of homes for sale in the U.S., up 20.3% year-over-year.

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Why Bullish?

The increase in home listings and their value suggests a rising market demand, positively reflecting on RDFN's operations as a real estate brokerage. Historically, increased inventory value can lead to higher transaction volumes, thus benefiting firms like RDFN.

How important is it?

The substantial rise in home listings directly indicates market health, affecting RDFN's performance metrics, including sales and commissions. The report data suggests a potential for upside in RDFN's stock price.

Why Short Term?

The current spike in home listings can result in immediate increased activity on RDFN's platform, influencing its short-term revenues. Past trends show that fluctuations in market inventory often correlate with rapid changes in brokerage performance.

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SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — There's a total of $698 billion worth of homes for sale in the U.S., up 20.3% from a year ago and the highest dollar amount ever, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The report is based on an analysis of listings on Redfin.com going back through 2012. For the total dollar value of all inventory on the market, Redfin summed up the list price of all active U.S. listings as of the last day of e.

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