Category: Coronavirus
National median home price hit a new record of $320,625. Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending October 4: The median home sale price increased 15% year over year to $320,625—the highest on record. The largest increase ever recorded in the Case-Shiller national... Read More
Growth in list prices is down 3 percentage points since the end of August, but pending sales were still up 30% Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 27: The median home sale price increased 14% year over year to $319,769—the highest... Read More
Remote work, the desire for privacy and record-low mortgage rates make single-family homes more desirable during the coronavirus pandemic. But condos could make a comeback if single-family home prices continue to surge. Condo sale prices in the U.S. increased 5.4% year over year to a median of $266,000 in August,... Read More
Pending sales rose 29%, and new listings jumped 6% from last year Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 20: The median home sale price increased 14% from 2019 to $319,978—the highest on record. The 14% year-over-year increase was the largest since... Read More
Relatively inexpensive areas outside major cities—like El Dorado County, just east of Sacramento, and Camden County, across the river from Philadelphia—are gaining ground with homebuyers as New York City and San Francisco lose steam. Housing markets that offer homebuyers more bang for their buck and are... Read More
New listings of homes for sale were 6% above 2019 levels Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 13: Median home sale price increased 13% from 2019 to $319,261—the highest on record. The 13% year-over-year increase was the largest since October 2013. Read More
People moving in from expensive cities and locals with changing needs are contributing to rising home prices and fast sales even as the tourism industry takes the brunt of the pandemic’s economic impact. The typical home-sale price in the Las Vegas metro grew 7.8% year... Read More
Black homebuyers, who are less likely than their white counterparts to have jobs that can be done remotely, face higher home prices as white homebuyers move to more affordable suburbs Home prices in neighborhoods where Black people bought homes in 2019 were up 7% in July. Read More
Buyers seem undeterred, as pending sales soar 28% and a 9% increase in new listings brings little relief. Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 6: Median home sale price increased 13% from 2019 to $319,178—the highest on record. The 13% year-over-year... Read More
iBuyers purchased the fewest homes in more than three years last quarter as the coronavirus pandemic put business on pause. But the market is now making a comeback, with iBuyers seeing a rebound in demand—and even bidding wars—from homeowners who are in search of quick cash and a... Read More
Record-low inventory of homes for sale has “created a complete storm of insanity,” in small, affordable markets like Boise, which is seeing an influx of buyers leaving the West Coast. Key takeaways for the 4-week period ending August 30: Median home sale price increased 12% from 2019 to $318,473—the highest... Read More
Nearly 55% of Redfin offers for homes faced bidding wars in August. Competition is still fierce in coastal California, and the market is also hot in more affordable places like Sacramento and Phoenix. Nationwide, 54.5% of Redfin offers on homes faced competition in August. Though that’s down from a revised... Read More