Weekly Market Update

U.S. home prices increased 15% and pending sales were up 32% from a year earlier in the four weeks ending October 18.

Median home price climbs to $320,644 as demand outpaces supply, with pending sales up 31% and new listings growing 8%. Key housing market takeaways for 434 U.S. metro areas during the four-week period ending October 11: The median home sale price increased 14.9% year over year to $320,644—the highest value on record in Redfin’s data.

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.

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.

For the four-week period ending September 6, home prices were up 13%, pending sales rose 28%, and new listings were 9% higher than the same period in 2019.

Home prices continued to rise—new listings increased slightly, but gains were dwarfed by rise in pending sales.