Redfin: It’s becoming even more of a seller’s market

As the nation’s inventory levels sit well below historical averages, Redfin’s latest analysis indicates the housing market now favors its home-sellers. According to the company’s data, home-sale prices rose 2.7% in August and the number of homes for sale spiked 10.8%. Redfin Chief Economist Daryl Fairweather said while home-price gains remained relatively modest in August, supply and demand are now heading back toward sellers’ favor.