2021 Housing Market Shaping Up to be Even Hotter than 2020
The extreme pandemic-driven seller’s market is intensifying and will likely last through the first half of the year.
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.
Email TimThe extreme pandemic-driven seller’s market is intensifying and will likely last through the first half of the year.
Last week saw a surge in homebuying demand as homes sold faster than ever.
New listings of homes for sale fell 10%, the largest decline since last June.
Housing Market Update: New Listings Fell 3%, Home Prices Up 14%, Pending Sales Rise 35%
Nearly two thirds (63%) of people who bought a home last year made an offer on a property that they hadn’t seen in person.
The national median home price rose 13% year over year to $334,300 in December, while homebuying demand barely slowed.
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