There's plenty of year-end milestones to celebrate in the single-family home market, which had one of its all-time best years ever, according to a new report from real estate brokerage Redfin.
This past year, home-sale prices hit the highest median of all time, the number of homes for sale fell to an all-time low, and there was record demand for second homes.
It's more than that. "The ongoing pandemic, including its seismic effect on the US economy and the way Americans live and work, has made 2021′s housing market anything but typical," Redfin Chief Economist Daryl Fairweather said in prepared remarks. This year's frenzied housing market has been one for the books—but it may become more balanced in 2022." With that in mind, it is instructional to look at milestones set in the past 12 months.
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