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Reply to "What makes a home "redfin hot"?"
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[quote=Steve]https://www.redfin.com/about/hot-homes See Which Homes Are Likely to Sell Within Two Weeks In competitive real estate markets, speed is critical. Redfin aims to give you an advantage by identifying Hot Homes™ that are likely to sell quickly, so you know which homes to go see in person right away. A Hot Home is a new home for sale that has a 70% or higher chance of going under contract with a buyer in its first two weeks on the market, according to the proprietary Redfin Hot Homes algorithm. The Hot Homes algorithm automatically calculates the likelihood by analyzing more than 500 attributes of each home — including price, property type, and neighborhood — as well as buyer preferences in the area. You always see the most up-to-date likelihood that a Hot Home will sell quickly because the algorithm evaluates each home as soon as it hits the market, and then reevaluates it daily for the first two weeks.[/quote]
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