“This week the housing market reached a new milestone, with more homes having closed so far this year than by this time last year,” said Redfin lead economist Taylor Marr. “This comes despite the housing market nearly grinding to a halt when the coronavirus pandemic first broke out in the U.S. in March. Some homebuyers may currently be experiencing election jitters, as we did see demand slow just slightly. Clouds of uncertainty are on the horizon with a volatile stock market, coronavirus cases rising and a contentious election just around the corner. However, as we’ve seen this year, sellers are just as likely to react quickly alongside buyers, keeping the market firmly on the seller’s side.”
