{"id":70065,"date":"2020-08-25T14:00:31","date_gmt":"2020-08-25T21:00:31","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=70065"},"modified":"2022-10-26T13:11:58","modified_gmt":"2022-10-26T20:11:58","slug":"record-breaking-housing-market-continues","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/","title":{"rendered":"Record-Breaking Housing Market Continues: Prices Climb 11%, Pending Sales Up 15%"},"content":{"rendered":"<h2>Key takeaways for the 4-week period ending August 16:<\/h2>\n<ul>\n<li>Median home sale prices climbed further to a new all-time high of $316,375, an increase of 11% from 2019 and the largest year-over-year gain since early 2014.<\/li>\n<li>Pending home sales were up 15% year over year, and are showing signs of a more typical seasonal decline.<\/li>\n<li>46.5% of homes had an accepted offer within the first two weeks on the market, the highest level since at least 2012 (as far back as our data on this measure goes).<\/li>\n<li>The supply of homes for sale continued its downward trajectory, and was 28% below last year\u2019s level.<\/li>\n<\/ul>\n<h2>Home price gains show no signs of slowing<\/h2>\n<p>Home prices and year-over-year price gains hit another new high as prices continued to rise during a time of year that they usually decline, and pending home sales are way up from 2019. The fact that the market is so steady continues to be a surprising sign of strength during a time of major economic uncertainty.<br \/>\nFor the week ending August 16, the seasonally adjusted Redfin Homebuyer Demand Index was up 29% from pre-pandemic levels in January and February. Prices are still showing no signs of the typical seasonal slowdown. The median price of homes that sold during the four-week period ending August 16 was up 11% year over year\u2014the largest increase in over six years\u2014to a new all-time high of $316,375. In the last week of the period, prices were up 14% from a year earlier.<br \/>\n<img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_median-price.jpg\" alt=\"Home Sale Prices Climb Further, Hit Another New High\" width=\"1200\" height=\"900\" class=\"aligncenter size-full wp-image-70068\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_median-price.jpg 1200w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_median-price-300x225.jpg 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_median-price-1024x768.jpg 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_median-price-768x576.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><br \/>\n\u201cSome of the homebuyers I\u2019ve worked with have come into the process thinking that thanks to low interest rates and the pandemic they\u2019ll be able to get a deal,\u201d said <a href=\"https:\/\/redfin.com\/real-estate-agents\/lisa-bernardeau\">Rhode Island Redfin agent Lisa Bernardeau<\/a>. \u201cUnfortunately I have to burst their bubble and explain that it&#8217;s actually the opposite\u2014home prices are up 10 to 20 percent from last year, depending on the neighborhood.\u201d<\/p>\n<h2>Pending home sales up from last year, begin typical seasonal slowdown<\/h2>\n<p>Pending home sales for the four-week period were still very strong compared to 2019, up 15%. During just the last week of the period pending sales did increase 0.6% from the prior week, but in contrast to ever-increasing home prices, they are showing signs of a more typical seasonal decline, having decreased 8% overall since peaking during the week ending July 19.<br \/>\n<img decoding=\"async\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_pending-sales.png\" alt=\"Pending Sales Begin Seasonal Decline, Still Up From 2019\" width=\"1200\" height=\"900\" class=\"aligncenter size-full wp-image-70070\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_pending-sales.png 1200w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_pending-sales-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_pending-sales-1024x768.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_pending-sales-768x576.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><br \/>\n\u201cSchools are beginning to start again, and it seems like that has slowed the amount of homebuyer activity a little bit, but that doesn\u2019t make the market less crazy,\u201d said <a href=\"https:\/\/redfin.com\/real-estate-agents\/veronica-clyatt\">Oakland, CA area Redfin agent Veronica Clyatt<\/a>. \u201cInstead of 20 offers on a home, you may \u2018just\u2019 see 10. But prices have not gone down\u2014home price increases haven\u2019t slowed at all.\u201d<\/p>\n<h2>Where are the sellers?<\/h2>\n<p>What keeps pushing prices higher? Primarily it\u2019s a lack of supply of homes for sale in the face of an onslaught of demand from homebuyers. The number of homes actively listed for sale during the period was down 28% from a year ago. The number of new listings did increase slightly, up 2.2% for the four-week period ending August 16. This is the largest year-over-year increase since mid-March, but compared to the 15% increase in pending sales, it\u2019s just not enough to reduce the pressure on prices.<br \/>\n<img decoding=\"async\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_active-listings.png\" alt=\"Active Listings of Homes For Sale Keep Declining\" width=\"1200\" height=\"900\" class=\"aligncenter size-full wp-image-70067\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_active-listings.png 1200w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_active-listings-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_active-listings-1024x768.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_active-listings-768x576.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h2>Successful homebuyers are moving fast and making high offers<\/h2>\n<p>Of homes that went under contract during the four weeks ending August 16, 46.5% found a buyer within two weeks of hitting the market\u2014a slight uptick from the four-week period ending August 9 and the highest level we\u2019ve seen since at least 2012 (as far back as our data is available). During the same period last year, 32.8% of homes found a buyer within two weeks.<br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_off-market-in-2-weeks.png\" alt=\"Homes Sell Unseasonably Fast, Speed Keeps Increasing\" width=\"1200\" height=\"900\" class=\"aligncenter size-full wp-image-70069\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_off-market-in-2-weeks.png 1200w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_off-market-in-2-weeks-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_off-market-in-2-weeks-1024x768.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_off-market-in-2-weeks-768x576.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><br \/>\n\u201cHomes that are in good condition and priced well are selling very fast right now,\u201d said <a href=\"https:\/\/redfin.com\/real-estate-agents\/brynn-rea\">Spokane, WA Redfin agent Brynn Rea<\/a>. \u201cAlmost all of my listings have gone under contract within a week, receiving multiple offers well above list price. When I work with homebuyers I have to help them understand that to win an offer in this market, you often have to go way over the list price. Ideally you also have a larger down payment than just 20%, anything extra you can do to help the sellers consider your offer even more.\u201d<br \/>\nThe average sale-to-list price ratio increased to a new record high of 99.1%&#8211;meaning homes are selling closer than ever to their list price&#8211;up from 98.4% during the same period last year. Finding a \u201cdeal\u201d on a home is harder than ever.<br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_sale-to-list.png\" alt=\"Sale-to-List Price Ratio Climbing, Bucking Seasonal Trend\" width=\"1200\" height=\"900\" class=\"aligncenter size-full wp-image-70066\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_sale-to-list.png 1200w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_sale-to-list-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_sale-to-list-1024x768.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_sale-to-list-768x576.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h2>Low mortgage rates likely to keep driving the market<\/h2>\n<p>\u201cMortgage rates, the election, and the strength of the economy are the major factors that could alter the course of the housing market in the next few months,\u201d said <a href=\"https:\/\/redfin.com\/blog\/author\/darylfairweather\/\">Redfin chief economist Daryl Fairweather<\/a>. \u201cAlthough mortgage rates have ticked up recently, mortgage rates for purchases are likely to remain low for the foreseeable future since the <a href=\"https:\/\/www.wsj.com\/articles\/fed-maintains-stimulus-commitment-as-economic-outlook-dims-11596045601\">Fed has committed to stimulating the economy by any means necessary<\/a>. The uncertainty around the election could give some buyers pause in the weeks before and after the election date. With mail-in voting and potential delays to knowing the outcomes of the election, buyers may feel like waiting to make any major financial decisions until the future of the country is clearer. And of course the outlook for the economy could affect the housing market. There are recent reports of <a href=\"https:\/\/www.forbes.com\/sites\/sarahhansen\/2020\/08\/20\/unemployment-claims-spike-above-1-million-again-as-labor-market-continues-to-struggle\/#67e6f4a8050f\">more layoffs<\/a>, so we may see more homeowners decide to list, and some potential homebuyers getting skittish.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home prices continued to rise during a time of year that they usually decline, and pending home sales are way up from 2019.<\/p>\n","protected":false},"author":13505,"featured_media":70068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[60,8,615],"tags":[9,32],"dashboard":[],"coauthors":[62],"class_list":["post-70065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coronavirus-housing-market-news","category-housing-market-news","category-weekly-market-update","tag-coronavirus","tag-housing-market-tracker"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Record-Breaking Housing Market Continues: Prices Climb 11%, Pending Sales Up 15%<\/title>\n<meta name=\"description\" content=\"Home prices continued to rise during a time of year that they usually decline, and pending home sales are way up from 2019.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Record-Breaking Housing Market Continues: Prices Climb 11%, Pending Sales Up 15%\" \/>\n<meta property=\"og:description\" content=\"Home prices continued to rise during a time of year that they usually decline, and pending home sales are way up from 2019.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-25T21:00:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-26T20:11:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_median-price.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tim Ellis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim Ellis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/record-breaking-housing-market-continues\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/record-breaking-housing-market-continues\\\/\"},\"author\":{\"name\":\"Tim Ellis\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/18d447d70adabf376e05ea45cfb78a2e\"},\"headline\":\"Record-Breaking Housing Market Continues: Prices Climb 11%, Pending Sales Up 15%\",\"datePublished\":\"2020-08-25T21:00:31+00:00\",\"dateModified\":\"2022-10-26T20:11:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/record-breaking-housing-market-continues\\\/\"},\"wordCount\":898,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/record-breaking-housing-market-continues\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/2020-08-16_median-price.jpg\",\"keywords\":[\"Coronavirus\",\"Housing Market Tracker\"],\"articleSection\":[\"Coronavirus Housing Market News\",\"Housing Market News\",\"Weekly Market Update\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/record-breaking-housing-market-continues\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/record-breaking-housing-market-continues\\\/\",\"name\":\"Record-Breaking Housing Market Continues: Prices Climb 11%, Pending Sales Up 15%\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/record-breaking-housing-market-continues\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/record-breaking-housing-market-continues\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/2020-08-16_median-price.jpg\",\"datePublished\":\"2020-08-25T21:00:31+00:00\",\"dateModified\":\"2022-10-26T20:11:58+00:00\",\"description\":\"Home prices continued to rise during a time of year that they usually decline, and pending home sales are way up from 2019.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/record-breaking-housing-market-continues\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/record-breaking-housing-market-continues\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/record-breaking-housing-market-continues\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/2020-08-16_median-price.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/2020-08-16_median-price.jpg\",\"width\":1200,\"height\":900,\"caption\":\"Home Sale Prices Climb Further, Hit Another New High\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/record-breaking-housing-market-continues\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Record-Breaking Housing Market Continues: Prices Climb 11%, Pending Sales Up 15%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"name\":\"Redfin Real Estate News\",\"description\":\"The latest real estate news and research from technology-powered residential real estate company, Redfin.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"width\":1100,\"height\":235,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/18d447d70adabf376e05ea45cfb78a2e\",\"name\":\"Tim Ellis\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/feb22c16d7caf03e08cfd06aef3c2f1593e324fc3767c12e1ba523a4ab5db00b?s=96&d=wp_user_avatar&r=g49809922b909433f6e289ea162e9f986\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/feb22c16d7caf03e08cfd06aef3c2f1593e324fc3767c12e1ba523a4ab5db00b?s=96&d=wp_user_avatar&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/feb22c16d7caf03e08cfd06aef3c2f1593e324fc3767c12e1ba523a4ab5db00b?s=96&d=wp_user_avatar&r=g\",\"caption\":\"Tim Ellis\"},\"description\":\"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.\",\"sameAs\":[\"https:\\\/\\\/ellis.fyi\"],\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/author\\\/tim-ellisredfin-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Record-Breaking Housing Market Continues: Prices Climb 11%, Pending Sales Up 15%","description":"Home prices continued to rise during a time of year that they usually decline, and pending home sales are way up from 2019.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/","og_locale":"en_US","og_type":"article","og_title":"Record-Breaking Housing Market Continues: Prices Climb 11%, Pending Sales Up 15%","og_description":"Home prices continued to rise during a time of year that they usually decline, and pending home sales are way up from 2019.","og_url":"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2020-08-25T21:00:31+00:00","article_modified_time":"2022-10-26T20:11:58+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_median-price.jpg","type":"image\/jpeg"}],"author":"Tim Ellis","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Tim Ellis","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/"},"author":{"name":"Tim Ellis","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/18d447d70adabf376e05ea45cfb78a2e"},"headline":"Record-Breaking Housing Market Continues: Prices Climb 11%, Pending Sales Up 15%","datePublished":"2020-08-25T21:00:31+00:00","dateModified":"2022-10-26T20:11:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/"},"wordCount":898,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_median-price.jpg","keywords":["Coronavirus","Housing Market Tracker"],"articleSection":["Coronavirus Housing Market News","Housing Market News","Weekly Market Update"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/","url":"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/","name":"Record-Breaking Housing Market Continues: Prices Climb 11%, Pending Sales Up 15%","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_median-price.jpg","datePublished":"2020-08-25T21:00:31+00:00","dateModified":"2022-10-26T20:11:58+00:00","description":"Home prices continued to rise during a time of year that they usually decline, and pending home sales are way up from 2019.","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/#primaryimage","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_median-price.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/08\/2020-08-16_median-price.jpg","width":1200,"height":900,"caption":"Home Sale Prices Climb Further, Hit Another New High"},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/record-breaking-housing-market-continues\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"Record-Breaking Housing Market Continues: Prices Climb 11%, Pending Sales Up 15%"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/news\/#website","url":"https:\/\/www.redfin.com\/news\/","name":"Redfin Real Estate News","description":"The latest real estate news and research from technology-powered residential real estate company, Redfin.","publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/news\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","width":1100,"height":235,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/18d447d70adabf376e05ea45cfb78a2e","name":"Tim Ellis","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/feb22c16d7caf03e08cfd06aef3c2f1593e324fc3767c12e1ba523a4ab5db00b?s=96&d=wp_user_avatar&r=g49809922b909433f6e289ea162e9f986","url":"https:\/\/secure.gravatar.com\/avatar\/feb22c16d7caf03e08cfd06aef3c2f1593e324fc3767c12e1ba523a4ab5db00b?s=96&d=wp_user_avatar&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/feb22c16d7caf03e08cfd06aef3c2f1593e324fc3767c12e1ba523a4ab5db00b?s=96&d=wp_user_avatar&r=g","caption":"Tim Ellis"},"description":"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.","sameAs":["https:\/\/ellis.fyi"],"url":"https:\/\/www.redfin.com\/news\/author\/tim-ellisredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/70065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13505"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=70065"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/70065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/70068"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=70065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=70065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=70065"},{"taxonomy":"dashboard","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/dashboard?post=70065"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=70065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}