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Redfin Reports New Apartments Are Increasingly Likely to Get Snapped Up Quickly as Construction Slows
Businesswire· 2025-09-12 20:00
SEATTLE--(BUSINESS WIRE)--Roughly half (48%) of newly built apartments completed in the first quarter of 2025 were rented within three months, according to a new report from Redfin, the real estate brokerage powered by Rocket. That is up from 47% in the fourth quarter of 2024 and 46% the quarter before that. This is according to a Redfin analysis of the U.S. Census Bureau's seasonally adjusted absorption rate data for unfurnished, unsubsidized, privately financed rental apartments in buildings. ...