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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.
U.S. home
Homes   The median asking price of new listings was up 12.8%
The 14% jump was the largest since August 2013.

Topics: U.S.

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.


 

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