Use to find bargain home prices:

  • Use the Redfin search window to find a neighborhood by name or ZIP code. On the “Overview of homes for sale” page that appears, click “reduced listings” to show a list of price-reduced homes in the area.
  • On Redfin, at the bottom of each home’s listing page, see “listing price history,” showing the dates and amounts of any price reductions.
  • Farther down the same page, you’ll find a bar graph labeled “Should I wait for a price reduction?” This tells you how long homes are staying on the market in the neighborhood and at what point sellers are dropping their prices. You can get an idea if the time is right, given local trends, to make a lower bid. (Read more about this tool here.)