Redfin Real-Time Home Price Tracker: Home Sales Surge 22% in October as Prices Continue to Rise - Redfin Real Estate News

Redfin Real-Time Home Price Tracker: Home Sales Surge 22% in October as Prices Continue to Rise

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Updated on October 6th, 2020

National home prices ticked up just a bit (0.4 percent) between September and October of this year, but were up 8 percent in October from a year earlier.
The key metrics across 19 major metropolitan markets are:

  • October home sales were up 21.8% from a year ago, with an unusual 9.8% gain from September to October.
  • Home prices in October increased 8.4% year over year, and were up just 0.4% month over month.
  • The number of homes for sale declined 29.4% from October 2011 to October 2012 (even larger than the 28.1% drop in September), and declined by 5.3% since September.
  • The percentage of listings that sold within 14 days of their debut inched up to 28.2% in October.

For the full report including data tables, charts, and a downloadable spreadsheet with historic data, visit the Real-Time Price Tracker in Redfin’s Research Center.

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Tim Ellis

Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the "Dispatches from the Multiverse" improvised comedy sci-fi podcast.

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