The typical home that sold in the four weeks ending August 16 was 3.7% larger (1,772 square feet) than the typical home that sold a year earlier. Compare that with 0.4%, the average year-over-year growth rate from 2015 to 2019. Growth in the[...]
Nationwide, 6% of homes that were put up for sale in July held an open house in their first seven days on the market. While that marks a rebound from 1% in April, when millions of buyers and sellers across the country were placed under[...]
Home prices and year-over-year price gains hit another new high as prices continued to rise during a time of year that they usually decline, and pending home sales are way up from 2019. The fact that the market is so steady continues to be a[...]
Sales of newly-built homes climbed 10.1% year over year in July, recovering to pre-pandemic levels, while sales of existing homes rose just 5.3%.Meanwhile, the supply of new-construction homes for sale slid 28.4%, representing the[...]
Home prices typically decline this time of year after hitting a seasonal peak in late June or early July. This year, as of the four weeks ending August 9, home prices were up 3.5% month over month. Last year home prices fell 1.7% over that same[...]