By Calculated Risk at Calculated Risk
Local realtor/MLS data suggest that the median US existing single-family home sales price last month was up by a steamy 11.6% from last August, partly boosted by the mix of home sales but mainly boosted by the lack of available inventory across much of the country combined with strong demand for SF detached homes.
Given both the sales and inventory numbers, it’s perhaps not shocking that there has been a rapid acceleration in home prices over the past few months – to the point that one can at least say the single-family housing market has become “frothy,” and perhaps even become a little “bubbly.”
article date: 2020 09 18
posted: 2020-09-18 13:26:12
Tags: real estate,noteworthy links
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The post Home Prices Rose 11% in August—Biggest Gain in Over 6 Years appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.
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