{"id":71858,"date":"2020-12-29T05:00:30","date_gmt":"2020-12-29T13:00:30","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=71858"},"modified":"2022-10-26T13:02:56","modified_gmt":"2022-10-26T20:02:56","slug":"housing-market-update-december-20","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/housing-market-update-december-20\/","title":{"rendered":"Housing Market Update: Home Prices Up 14%, Pending Sales Rise 34%"},"content":{"rendered":"<h2 style=\"font-style: italic;\">New listings were up 12%, but the number of homes for sale fell 31% to a new all-time low.<\/h2>\n<h3>Key housing market takeaways for 400+ U.S. metro areas during the 4-week period ending December 20:<\/h3>\n<ul>\n<li>The median home sale price increased 14% year over year to $320,714.<\/li>\n<li>Pending home sales were up 34% year over year. In the single week ending December 20, pending sales were up 30% from the same week a year earlier.<\/li>\n<li>New listings of homes for sale were up 12% from a year earlier.<\/li>\n<li>Active listings (the number of homes listed for sale at any point during the period) fell 31% from 2019 to a new all-time low.<\/li>\n<li>39% of homes that went under contract had an accepted offer within the first two weeks on the market, well above the 26% rate during the same period a year ago.<\/li>\n<li>The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, declined slightly to 99.4%\u2014still 1.5 percentage points higher than a year earlier.<\/li>\n<li>For the week ending December 20, the seasonally adjusted Redfin Homebuyer Demand Index\u2014a measure of requests for home tours and other services from Redfin agents\u2014was up 23% from pre-pandemic levels in January and February.<\/li>\n<li><a href=\"https:\/\/www.mba.org\/2020-press-releases\/december\/mortgage-applications-increase-in-latest-mba-weekly-survey-x275422\">Mortgage purchase applications decreased 5% week over week<\/a> (seasonally adjusted) and were up 26% from a year earlier (unadjusted) during the week ending December 18. For the week ending December 24, <a href=\"http:\/\/www.freddiemac.com\/pmms\/\">30-year mortgage rates fell to 2.66%<\/a>, another new all-time low. Rates have been below 3% since late July.<\/li>\n<\/ul>\n<p>\u201cGoing into the new year, it will truly be out with the old, because there will be very few homes from 2020 left on the market,\u201d said <a href=\"https:\/\/www.redfin.com\/news\/author\/darylfairweather\/\">Redfin chief economist Daryl Fairweather<\/a>. \u201cSo those who resolve to buy a home in 2021 may need to wait with bated breath for sellers to list their homes. Redfin\u2019s forecasts suggest the new year will bring many more new listings, but they will likely be snatched up quickly. So if you are a homebuyer, now is a good time to get pre-approved for a mortgage, and come up with your wishlist, so you can act quickly when your dream home hits the market.\u201d<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-71859\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_median-sale-price.png\" alt=\"Home Sale Prices Up 14%\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_median-sale-price.png 1200w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_median-sale-price-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_median-sale-price-1024x768.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_median-sale-price-768x576.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-71862\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_pending-sales.png\" alt=\"Pending Sales Up 34% From a Year Earlier\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_pending-sales.png 1200w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_pending-sales-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_pending-sales-1024x768.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_pending-sales-768x576.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-71860\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_new-listings.png\" alt=\"New Listings of Homes Up 12% From Last Year\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_new-listings.png 1200w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_new-listings-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_new-listings-1024x768.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_new-listings-768x576.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-71864\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_active-listings.png\" alt=\"Active Listings of Homes For Sale Down 31% From 2019\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_active-listings.png 1200w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_active-listings-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_active-listings-1024x768.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_active-listings-768x576.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-71861\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_off-market-in-2-weeks.png\" alt=\"39% of Pending Sales Under Contract Within Two Weeks\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_off-market-in-2-weeks.png 1200w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_off-market-in-2-weeks-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_off-market-in-2-weeks-1024x768.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_off-market-in-2-weeks-768x576.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-71863\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_sale-to-list.png\" alt=\"Sale-to-List Price Ratio Declined to 99.4%\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_sale-to-list.png 1200w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_sale-to-list-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_sale-to-list-1024x768.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_sale-to-list-768x576.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Housing market update for December 20: Home prices are still rising, even as some seasonal winter slowdowns proceed.<\/p>\n","protected":false},"author":13505,"featured_media":71859,"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-71858","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 v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Housing Market Update: Home Prices Up 14%, Pending Sales Rise 34%<\/title>\n<meta name=\"description\" content=\"Housing market update for December 20: Home prices are still rising, even as some seasonal winter slowdowns proceed.\" \/>\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\/housing-market-update-december-20\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Housing Market Update: Home Prices Up 14%, Pending Sales Rise 34%\" \/>\n<meta property=\"og:description\" content=\"Housing market update for December 20: Home prices are still rising, even as some seasonal winter slowdowns proceed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/housing-market-update-december-20\/\" \/>\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=\"2020-12-29T13:00:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-26T20:02:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_median-sale-price.png\" \/>\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\/png\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/housing-market-update-december-20\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/housing-market-update-december-20\\\/\"},\"author\":{\"name\":\"Tim Ellis\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/18d447d70adabf376e05ea45cfb78a2e\"},\"headline\":\"Housing Market Update: Home Prices Up 14%, Pending Sales Rise 34%\",\"datePublished\":\"2020-12-29T13:00:30+00:00\",\"dateModified\":\"2022-10-26T20:02:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/housing-market-update-december-20\\\/\"},\"wordCount\":352,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/housing-market-update-december-20\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/2020-12-20_median-sale-price.png\",\"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\\\/housing-market-update-december-20\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/housing-market-update-december-20\\\/\",\"name\":\"Housing Market Update: Home Prices Up 14%, Pending Sales Rise 34%\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/housing-market-update-december-20\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/housing-market-update-december-20\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/2020-12-20_median-sale-price.png\",\"datePublished\":\"2020-12-29T13:00:30+00:00\",\"dateModified\":\"2022-10-26T20:02:56+00:00\",\"description\":\"Housing market update for December 20: Home prices are still rising, even as some seasonal winter slowdowns proceed.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/housing-market-update-december-20\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/housing-market-update-december-20\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/housing-market-update-december-20\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/2020-12-20_median-sale-price.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/2020-12-20_median-sale-price.png\",\"width\":1200,\"height\":900,\"caption\":\"Home Sale Prices Up 14%\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/housing-market-update-december-20\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Housing Market Update: Home Prices Up 14%, Pending Sales Rise 34%\"}]},{\"@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":"Housing Market Update: Home Prices Up 14%, Pending Sales Rise 34%","description":"Housing market update for December 20: Home prices are still rising, even as some seasonal winter slowdowns proceed.","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\/housing-market-update-december-20\/","og_locale":"en_US","og_type":"article","og_title":"Housing Market Update: Home Prices Up 14%, Pending Sales Rise 34%","og_description":"Housing market update for December 20: Home prices are still rising, even as some seasonal winter slowdowns proceed.","og_url":"https:\/\/www.redfin.com\/news\/housing-market-update-december-20\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2020-12-29T13:00:30+00:00","article_modified_time":"2022-10-26T20:02:56+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_median-sale-price.png","type":"image\/png"}],"author":"Tim Ellis","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Tim Ellis","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/housing-market-update-december-20\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/housing-market-update-december-20\/"},"author":{"name":"Tim Ellis","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/18d447d70adabf376e05ea45cfb78a2e"},"headline":"Housing Market Update: Home Prices Up 14%, Pending Sales Rise 34%","datePublished":"2020-12-29T13:00:30+00:00","dateModified":"2022-10-26T20:02:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/housing-market-update-december-20\/"},"wordCount":352,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/housing-market-update-december-20\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_median-sale-price.png","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\/housing-market-update-december-20\/","url":"https:\/\/www.redfin.com\/news\/housing-market-update-december-20\/","name":"Housing Market Update: Home Prices Up 14%, Pending Sales Rise 34%","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/housing-market-update-december-20\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/housing-market-update-december-20\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_median-sale-price.png","datePublished":"2020-12-29T13:00:30+00:00","dateModified":"2022-10-26T20:02:56+00:00","description":"Housing market update for December 20: Home prices are still rising, even as some seasonal winter slowdowns proceed.","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/housing-market-update-december-20\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/housing-market-update-december-20\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/housing-market-update-december-20\/#primaryimage","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_median-sale-price.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/12\/2020-12-20_median-sale-price.png","width":1200,"height":900,"caption":"Home Sale Prices Up 14%"},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/housing-market-update-december-20\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"Housing Market Update: Home Prices Up 14%, Pending Sales Rise 34%"}]},{"@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\/71858","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=71858"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/71858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/71859"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=71858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=71858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=71858"},{"taxonomy":"dashboard","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/dashboard?post=71858"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=71858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}