Housing Market News Archives

Luxury Home Sales Surge 42% in the Third Quarter as Sales of Affordable Homes Falter, Highlighting the Pandemic’s Uneven Impact on Americans With Less Wealth

October 12, 2020

A relative abundance of expensive homes is supporting sales at the high end and giving luxury homebuyers plenty of options to choose from. Meanwhile, sales of affordable homes are slowing amid a supply shortage that’s posing challenges for first-time buyers. U.S. luxury home sales increased 41.5% year over year in the third quarter, the largest […]

Luxury Home Sales Surge 42% in the Third Quarter as Sales of Affordable Homes Falter, Highlighting the Pandemic’s Uneven Impact on Americans With Less Wealth Read More »

U.S. Home Prices Up a Record 15%

October 8, 2020

National median home price hit a new record of $320,625. Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending October 4: The median home sale price increased 15% year over year to $320,625—the highest on record in Redfin’s data, which goes back through 2012. Although it uses a different methodology

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Condo Prices Climb 5.4% in August, Lagging 11.9% Growth for Single-Family Homes

October 2, 2020

Condos are facing relatively slow price growth as remote work, the desire for privacy and record-low mortgage rates make single-family homes more desirable during the coronavirus pandemic. But condos could make a comeback if single-family home prices continue to surge.

Condo Prices Climb 5.4% in August, Lagging 11.9% Growth for Single-Family Homes Read More »

Home Sale Prices Up 14% to Another New High

Home Prices Just. Keep. Climbing. National Median Now Up 14% from Last Year

September 25, 2020

For the four-week period ending September 20, home prices were up 14%, pending sales rose 29%, and new listings were 6% higher than the same period in 2019.

Home Prices Just. Keep. Climbing. National Median Now Up 14% from Last Year Read More »

New-Construction Home Listings Drop 4% in August, Reversing Course From July’s Rebound

September 25, 2020

The new-homes market is recovering—with sales on the rise—but hurdles including a lumber shortage are still hampering builders.

New-Construction Home Listings Drop 4% in August, Reversing Course From July’s Rebound Read More »

Housing Market White Hot After Labor Day: Home Prices Up 13%, Pending Sales Up 27%

September 18, 2020

For the four-week period ending September 13, home prices were up 13%, pending sales rose 27%, and new listings were 6% higher than the same period in 2019.

Housing Market White Hot After Labor Day: Home Prices Up 13%, Pending Sales Up 27% Read More »

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