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RDFN
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104 days

Washington, D.C. Housing Inventory Jumps Record 25% Amid Federal Layoffs

1. D.C. home listings surged 25.1% year-over-year, highest since 2022. 2. National listings increased by 14.2%, indicating slower nationwide growth.

Layoff
+0.77%Current Return
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+1.84%S&P 500
$9.0705/07 08:45 AM EDTEvent Start
$9.1405/08 03:30 PM EDTLatest Updated
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FAQ

Why Bullish?

The strong demand seen in D.C. listings could influence RDFN positively, similar to past trends where rising home inventory led to increased real estate transactions and subsequently higher stock performance for REITs and brokerage companies.

How important is it?

Positive changes in the real estate market can directly affect brokerage profits and investor sentiment towards RDFN.

Why Short Term?

The current spike in active listings reflects immediate market trends, which generally affect stock prices quickly until stabilized.

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OPENZRLTYKW
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Active listings of homes for sale in Washington, D.C. jumped 25.1% year over year to the highest level since 2022 during the four weeks ending April 27—the largest gain on record. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. By comparison, active listings nationwide rose 14.2%—the smallest increase since March 2024. New listings in Washington, D.C. increased 11.4% year over year to the highes.

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