|Bid||40.20 x 4000|
|Ask||0.00 x 1300|
|Day's Range||40.56 - 42.86|
|52 Week Range||9.63 - 44.75|
|Beta (5Y Monthly)||2.04|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||40.85|
(NASDAQ: RDFN) — The median home sale price climbed 11% year over year for the week ending July 26 to a record-high $315,000, according to the latest market report from Redfin (www.redfin.com), the technology-powered real estate brokerage. This was the largest increase in sale prices recorded since early 2014.
The strength in the U.S. housing market is underscored by recent comments from the CEOs of (RDFN) and (RLGY) which both operate nationally in the residential real estate brokerage business. Suburban markets are robust, while New York City remains weak. “The housing market may be volatile, but for now, it would be hard to overstate how strong it is,” Redfin CEO Glenn Kelman said on the company’s earnings conference call on Thursday.
RDFN earnings call for the period ending June 30, 2020.