Real Estate was formed in Ridgewood, New Jersey by singer/guitarist Martin Courtney, guitarist Matthew Mondanile (Ducktails), bassist Alex Bleeker (of Alex Bleeker and the Freaks), and drummer Etienne Pierre Duguay (of Predator Vision) in 2008. In 2011 Jackson Pollis replaced Etienne on drums and Jonah Maurer joined the band on keys and guitar.
After issuing singles on the Underwater Peoples and Woodsist labels, the band's 2009 self-titled debut received critical acclaim, including an 8.5 rating and Best New Music tag from Pitchfork Media. Tours followed supporting acts such as Girls, Kurt Vile, Woods, and Deerhunter. In 2010, Real Estate performed at the Pitchfork Music Festival in Chicago and the Primavera Sound Festival in Barcelona.
In 2011, Real Estate signed with the Domino Recording Company. The group issued their sophomore record, Days, on October 18th.