Home prices up 14% in U.S.Christian Fernsby ▼ | October 6, 2020
The median home sale price increased 14% year over year to $319,769—the highest on record, according to Redfin.
Homes The median asking price of new listings was up 12.8%
Since the four week period ending July 5, home prices have increased 6.5%.
The median asking price of new listings was up 12.8% from a year earlier.
This growth rate has been declining since the four-week period ending
ugust 30, when it peaked at 15.7%. Pending home sales climbed 30% year over year.
45.8% of homes that went under contract had an accepted offer within the first two weeks on the market.
This has also held relatively steady for the last 17 weeks. ■