Home Prices Rose 11% in August—Biggest Gain in Over 6 Years

Home Prices Rose 11% in August—Biggest Gain in Over 6 Years

Home Prices Rose 11% in August—Biggest Gain in Over 6 Years

SF real estate listings up 75%, sales down 13%

By Tim Ellis at Redfin | Real Estate Tips for Home Buying, Selling & More
Only two of the 85 largest metros tracked by Redfin posted a year-over-year increase in the count of seasonally-adjusted active listings of homes for sale: San Francisco (+75%) and New York City (+10%). The sudden expansion of work-from-home policies due to the pandemic has led many people to flee these cities, two of the country’s most expensive housing markets.
San Francisco had the highest increase in the number of homes for sale, up 75% year over year, followed by New York (10%).
article date: 2020 09 17
posted: 2020-09-17 9:10:08
Tags: Bay Area ,real estate,noteworthy links

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