Unseasonably Hot Late-Summer Housing Market: Prices Up 10%, Pending Sales Up 13%
Redfin
AUGUST 18, 2020
Key takeaways for the 4-week period ending August 9: Home sale prices were up 10% year over year—the largest increase in over six years—to another new all-time high of over $314,000. Prices keep climbing month over month, bucking typical seasonality. 46% 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).
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