“Buyers are likely disappointed by the lack of new homes listed in the past month,” said Redfin chief economist Daryl Fairweather. “But that’s not stopping them from making offers on what is on the market, which is sending pending sales up. It’s looking like 2021 will see a housing market frenzy that will rival what we experienced in 2020.”

Home Sale Prices Up 14% From 2020

Pending Sales Up 35% From a Year Earlier

New Listings of Homes Down 3% From Last Year

Active Listings of Homes For Sale Down 33% From 2020

38% of Pending Sales Under Contract Within Two Weeks

Sale-to-List Price Ratio Up 1.5 Points From 2020