The median home sale price increased 15% year over year to $322,616, the highest on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Below are other key housing market takeaways for 400+ U.S. metro areas during the 4-week period ending December 13.
“At a time of year when the housing market usually goes into hibernation, homebuyers are doing anything but hibernate,” said Redfin chief economist Daryl Fairweather. “With the coronavirus vaccine set to roll out just as the housing market typically kicks into full gear, a combination of seasonality and the pandemic’s final chapter is likely to keep the housing market hot well into 2021.”
To view the full report, including charts and methodology, please visit: https://www.redfin.com/news/pending-sales-up-32-pct-prices-up-15-pct/
Redfin (www.redfin.com) is a technology-powered residential real estate company, redefining real estate in the consumer’s favor in a commission-driven industry. We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. We offer brokerage, iBuying, mortgage, and title services, and we also run the country’s #1 real estate brokerage search site, offering a host of online tools to consumers, including the Redfin Estimate. We represent people buying and selling homes in over 90 markets in the United States and Canada. Since our launch in 2006, we have saved our customers over $800 million and we’ve helped them buy or sell more than 235,000 homes worth more than $115 billion.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email firstname.lastname@example.org.