Where Are Home Prices Rising the Most?

Where Are Home Prices Rising the Most?

The New York Times-Real Estate·2021-01-20 06:03

The coronavirus pandemic hasn’t just created massive unemployment and economic hardships for millions, it has also inflated real estate prices across the country. A recent report by Redfin found that the national median home price climbed to $335,519 in November, 14 percent higher than a year earlier — the biggest annual gain since July 2013. A record 35 percent of homes sold for over asking price, and sales were swift, with homes averaging just 27 days on the market, a record low.

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