Redfin Shares Soar 3.88% on U.S. Home Prices

Redfin (RDFN) shares surged 3.88% today, marking the second consecutive day of gains, with a total increase of 8.60% over the past two days. The stock price reached its highest level since March 2025, with an intraday gain of 5.27%.

The strategy of buying RDFN shares after they reached a recent high and holding for 1 week underperformed the market. The high point was set at $10.53, which is the peak price in the past five years. Since the high point was set as $10.53, the strategy involved buying the stock at $10.53 and holding it for 1 week. The 1-week percentage change was -3.96%, indicating a loss in the short term. If you would like to improve your investment experience, you may want to consider adjusting the holding time or the post-high-point entry point. The details are as follows:

Redfin's stock price movement has been influenced by recent reports indicating that the median U.S. home-sale price reached an all-time high of $396,500 during the four weeks ending June 15, 2025. This represents a 1% year-over-year increase, despite a cooling housing market characterized by an imbalance where sellers outnumber buyers. This environment allows buyers to negotiate prices down, leading to homes selling for under the asking price. The housing market's cooling and the economic uncertainty have resulted in weak homebuying demand, affecting market dynamics.