Redfin reports that during the month of August, median home sale prices increased 12% year over year and pending home sales increased 21% year over year. 

Both are record increases in recent years. 

46.9% of the homes that went under contract did so within the first two weeks of being on the market, another record high since 2012. 

“The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, rose to 99.2%—an all-time high.”

Read the full article here. 


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