The scalding hot home sales market is ending the year on a high, according to a new report from Redfin.
For the four weeks ending December 20, the median home sale price increased 14% year over year to $320,714. In July, the median home price was $300,462.
In the same four-week time period, pending home sales jumped 34% YOY, while in the single week ending December 20, they were 30% higher than the week earlier. New listings of homes rose 12% from the previous year. Active listings (the number of homes listed for sale at any point during the period), however, fell 31% from 2019 to an all-time low, according to Redfin.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
