It looks like it shows the scewing of a very small sample. The only homes(2) I noticed on one of my frequent routes that had “sold by” signs where both Redfin. And I agree that the novelty of Redfin probably also attracts more attention. Again thanks for following up!

I’ve been doing a huge amount of analysis and am not ready to post the results yet. Lord knows I don’t want to post half truths and get clobbered for it

I went off on a tangent and spent considerable time checking the market and Redfin to answer your questions. Last Glenn mentioned in public, at Inman back in August, he said Redfin had a 2% or so market share. That seems to be the case as applied to Kirkland, Bellevue and Redmond. So since 98% of the market is not affected by Redfin activity one way or the other, I don’t think that is a factor.

I broke down the individual stats for total area and Redfin separately for all of 2006 and each quarter of 2007 the 10/1 to date. Nothing surprising or out of line there, so maybe you are simply noticing the Redfin signs more than you would others.

I can’t post individual data for any Company. But since Glenn mentioned the 2% marketshare that matched my findings, back in his Duet with Lennox Scott at Inman in San Francisco, I can answer your question. I think we just all notice the Redfin ones more, even though they only represent 2% of the total sales.

The obervations I made is that the homes that recently got “Sold by” signs:

1. Were listed by the big brokers but sold by Redfin.
2. Were on the market for many months before finally getting the “Sold by” in November.

Is this something you have observed to that Redfin is increasing their market share of buyers? Also, is there any common factor you see to this slight pickup? Are sellers starting to budge on prices or is it more that jumbo’s are somewhat easier to come by?

I know a good read because I can’t understand it. Very G.S.

You’re gonna get your big R revoked if you aren’t careful.