“At a time of year when the housing market usually goes into hibernation, homebuyers are doing anything but hibernate,” said Redfin chief economist Daryl Fairweather. “With the coronavirus vaccine set to roll out just as the housing market typically kicks into full gear, a combination of seasonality and the pandemic’s final chapter is likely to keep the housing market hot well into 2021.”

Home Sale Prices at All-Time High, Up 15%

Pending Sales Up 32% From a Year Earlier

New Listings of Homes Up 13% From Last Year

Active Listings of Homes For Sale Down 30% From 2019

39% of Pending Sales Under Contract Within Two Weeks

Sale-to-List Price Ratio Climbed to 99.5%