Redfin reports new apartments are increasingly likely to get snapped up quickly as construction slows

Seattle--(business wire)--roughly half (48%) of newly built apartments completed in the first quarter of 2025 were rented within three months, according to a new report from redfin, the real estate brokerage powered by rocket. that is up from 47% in the fourth quarter of 2024 and 46% the quarter before that. this is according to a redfin analysis of the u.s. census bureau's seasonally adjusted absorption rate data for unfurnished, unsubsidized, privately financed rental apartments in buildings.
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