{"id":385146,"date":"2020-11-19T09:03:40","date_gmt":"2020-11-19T14:03:40","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385146"},"modified":"2020-11-19T09:03:40","modified_gmt":"2020-11-19T14:03:40","slug":"home-sales-surge-24-the-biggest-gain-on-record-prices-up-14-in-october","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/home-sales-surge-24-the-biggest-gain-on-record-prices-up-14-in-october\/","title":{"rendered":"Home Sales Surge 24%, the Biggest Gain on Record, Prices up 14% in October"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">The inventory crunch intensifies as a 12% jump in new listings was dwarfed by a 36% gain in pending sales<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SEATTLE<\/span>, <span class=\"xn-chron\">Nov. 19, 2020<\/span> \/PRNewswire\/ &#8212; (NASDAQ: RDFN) \u2014 The national median home price posted the second-largest annual increase on record in October, when it rose 14.2% year over year to <span class=\"xn-money\">$335,900<\/span>, according to a <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2987537-1&amp;h=2413459343&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-sales-surge-24-percent%2F&amp;a=new+report\" rel=\"nofollow noopener noreferrer\">new report<\/a><\/u> from Redfin (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2987537-1&amp;h=16671102&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener noreferrer\">www.redfin.com<\/a><\/u>), the technology-powered real estate brokerage. These near-record gains are fueled by an extreme imbalance between homebuying demand and the supply of homes for sale. Home sales surged 24% from a year earlier\u2014the largest gain on record\u2014while new listings were up just 12%.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg\" title=\"Redfin Logo (PRNewsfoto\/Redfin)\" alt=\"Redfin Logo (PRNewsfoto\/Redfin)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;October very well may have been the hottest the housing market gets this year,&#8221; said Redfin chief economist <span class=\"xn-person\">Daryl Fairweather<\/span>. &#8220;Buyers who stepped away from the market at the beginning of the pandemic had been making up for lost time, which sent prices skyrocketing. But given that we are entering a winter wave of the pandemic, housing demand will likely lose a bit of steam until 2021, cooling the market from red-hot to just hot. If you are a seller, it&#8217;s probably a good idea to wait until the new year to list your home, but if you are a buyer, right now is a short window of opportunity where competition likely won&#8217;t be as intense as it was in October.&#8221;<\/p>\n<p>&#8220;The market has definitely slowed in just the last couple of weeks, said Atlanta Redfin real estate agent <span class=\"xn-person\">Ronisha Carson<\/span>. &#8220;Affordable homes are still seeing multiple offers, but more expensive listings are receiving less interest from buyers. Even though homebuying activity has slowed down, I have had three sellers reach out to me just this week to get on the market. Last year we saw a spike in demand in January and I think we will see that again in 2021.&#8221;<\/p>\n<p>Median prices increased in all but one of the 85 largest metro areas Redfin tracks. The only metro area where prices fell from a year earlier was <span class=\"xn-location\">Honolulu<\/span> (-0.8%). The largest price increases were in <span class=\"xn-location\">Bridgeport, CT<\/span> (+39%), <span class=\"xn-location\">Memphis, TN<\/span> (+30%) and <span class=\"xn-location\">Newark, NJ<\/span> (+24%).<\/p>\n<p>It&#8217;s likely that the big price gains in <span class=\"xn-location\">Bridgeport<\/span> and <span class=\"xn-location\">Newark<\/span> are due to the rush of people moving out of <span class=\"xn-location\">New York City<\/span> in search of more space now that remote work has become more commonplace.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prnsbts prnrbrs prnvab prnsbbs prntar prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Market Summary<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>October 2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Month-Over-Month<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Year-Over-Year<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Median sale price<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$335,900<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.9%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">14.2%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Homes sold, seasonally-adjusted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">657,900<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.8%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">23.9%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Pending sales, seasonally-adjusted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">617,700<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4.2%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">36.1%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">New listings, seasonally-adjusted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">691,200<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.7%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">11.6%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">All homes for sale, seasonally-adjusted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,658,700<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-1.4%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-22.1%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Median days on market<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">28<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-1<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-15<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Months of supply<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.5<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-0.1<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-1.4<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Sold above list<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">34.8%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.7 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12.7 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Median Off-Market Redfin Estimate<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$325,800<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.5%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6.2%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Average Sale-to-list<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">99.5%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.1 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.3 pts<sup>\u2020<\/sup><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2020 &#8211;<i> &#8220;pts&#8221; = percentage point change<\/i><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>Home sales were up 24% in October from a year earlier on a seasonally-adjusted basis, the largest increase on record (this Redfin data series goes back through 2012).<\/p>\n<p>The number of homes sold in October was up from a year earlier in all 85 of the largest metro areas. The largest gains in sales were in <span class=\"xn-location\">Bridgeport, CT<\/span> (+71%), <span class=\"xn-location\">Elgin, IL<\/span> (+54%) and <span class=\"xn-location\">New Haven, CT<\/span> (+54%). The smallest increase in the number of homes sold was in <span class=\"xn-location\">Honolulu<\/span> (+4%).<\/p>\n<p>Active listings\u2014the count of all homes that were for sale at any time during the month\u2014fell 22% year over year to their lowest level on record in October,\u00a0 the 15th-straight month of declines. <\/p>\n<p>Only three 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: <span class=\"xn-location\">San Francisco<\/span> (+48%), <span class=\"xn-location\">New York City<\/span> (+25%) and <span class=\"xn-location\">San Jose, CA<\/span> (+4%). The number of homes for sale are building up in these markets thanks to big gains in new listings (all over 40% year over year) coupled with more mild increases in home sales.<\/p>\n<p>Compared to a year ago, the biggest declines in active housing supply in October were in <span class=\"xn-location\">Allentown, PA<\/span> (-50%), <span class=\"xn-location\">Kansas City, MO<\/span> (-49%) and <span class=\"xn-location\">Salt Lake City<\/span> (-49%).<\/p>\n<p>The number of new listings of homes for sale increased 12% in October from a year earlier, the largest year-over-year increase since <span class=\"xn-chron\">September 2013<\/span>. However, the increase in new listings was dwarfed by the increase in pending sales, which were up 36% from <span class=\"xn-chron\">October 2019<\/span>.<\/p>\n<p>Measures of competition such as time on market and the share of homes sold above list price hit new records in October as they once again bucked the usual seasonal trend. This ongoing market dynamic is the result of a severe imbalance between the number of homebuyers and sellers in the market.<\/p>\n<p>The typical home that sold in October went under contract in 28 days\u201416 days less than a year earlier, and a new all-time low.<\/p>\n<p>Typically by this time of year, the market is well into a seasonal pattern where homes spend more time on the market and the share of homes that sell above list price declines. This year, seasonality is out the window as the market stays hot despite the ongoing pandemic and recession.<\/p>\n<p>In October 35% of homes sold above list price\u2014the highest level in Redfin&#8217;s data, which goes back through 2012\u2014up from 22% a year earlier.<\/p>\n<p>To read the full report, including charts and additional metro-level data highlights, please visit: <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2987537-1&amp;h=3140427733&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-sales-surge-24-percent%2F&amp;a=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-sales-surge-24-percent%2F\" rel=\"nofollow noopener noreferrer\">https:\/\/www.redfin.com\/news\/home-sales-surge-24-percent\/<\/a><\/u>. <\/p>\n<p>\n        <b>About Redfin <\/b><br \/>\n        <br \/>Redfin (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2987537-1&amp;h=16671102&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener noreferrer\">www.redfin.com<\/a><\/u>) is a technology-powered residential real estate company, redefining real estate in the consumer&#8217;s favor in a commission-driven industry. We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. We offer brokerage, iBuying, mortgage, and title services, and we also run the country&#8217;s #1 real estate brokerage search site, offering a host of online tools to consumers, including the <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2987537-1&amp;h=3776143169&amp;u=https%3A%2F%2Fwww.redfin.com%2Fredfin-estimate&amp;a=Redfin+Estimate\" rel=\"nofollow noopener noreferrer\">Redfin Estimate<\/a><\/u>. We represent people buying and selling homes in over 90 markets in <span class=\"xn-location\">the United States<\/span> and <span class=\"xn-location\">Canada<\/span>. Since our launch in 2006, we have saved our customers over <span class=\"xn-money\">$800 million<\/span> and we&#8217;ve helped them buy or sell more than 235,000 homes worth more than <span class=\"xn-money\">$115 billion<\/span>.<\/p>\n<p>For more information or to contact a local Redfin real estate agent, visit <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2987537-1&amp;h=16671102&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener noreferrer\">www.redfin.com<\/a><\/u>. To learn about housing market trends and download data, visit the <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2987537-1&amp;h=2355852054&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&amp;a=Redfin+Data+Center\" rel=\"nofollow noopener noreferrer\">Redfin Data Center<\/a><\/u>. To be added to Redfin&#8217;s press release distribution list, email <u><a target=\"_blank\" href=\"mailto:press@redfin.com\" rel=\"nofollow noopener noreferrer\">press@redfin.com<\/a><\/u>. To view Redfin&#8217;s press center, <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2987537-1&amp;h=1632087329&amp;u=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&amp;a=click+here\" rel=\"nofollow noopener noreferrer\">click here<\/a><\/u>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF97630&amp;sd=2020-11-19\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/home-sales-surge-24-the-biggest-gain-on-record-prices-up-14-in-october-301177066.html\">http:\/\/www.prnewswire.com\/news-releases\/home-sales-surge-24-the-biggest-gain-on-record-prices-up-14-in-october-301177066.html<\/a><\/p>\n<p>SOURCE  Redfin<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF97630&amp;Transmission_Id=202011190900PR_NEWS_USPR_____SF97630&amp;DateId=20201119\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The inventory crunch intensifies as a 12% jump in new listings was dwarfed by a 36% gain in pending sales PR Newswire SEATTLE, Nov. 19, 2020 \/PRNewswire\/ &#8212; (NASDAQ: RDFN) \u2014 The national median home price posted the second-largest annual increase on record in October, when it rose 14.2% year over year to $335,900, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. These near-record gains are fueled by an extreme imbalance between homebuying demand and the supply of homes for sale. Home sales surged 24% from a year earlier\u2014the largest gain on record\u2014while new listings were up just 12%. &#8220;October very well may have been the hottest the housing market gets this year,&#8221; said Redfin &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/home-sales-surge-24-the-biggest-gain-on-record-prices-up-14-in-october\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Home Sales Surge 24%, the Biggest Gain on Record, Prices up 14% in October&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-385146","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home Sales Surge 24%, the Biggest Gain on Record, Prices up 14% in October - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/home-sales-surge-24-the-biggest-gain-on-record-prices-up-14-in-october\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Sales Surge 24%, the Biggest Gain on Record, Prices up 14% in October - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The inventory crunch intensifies as a 12% jump in new listings was dwarfed by a 36% gain in pending sales PR Newswire SEATTLE, Nov. 19, 2020 \/PRNewswire\/ &#8212; (NASDAQ: RDFN) \u2014 The national median home price posted the second-largest annual increase on record in October, when it rose 14.2% year over year to $335,900, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. These near-record gains are fueled by an extreme imbalance between homebuying demand and the supply of homes for sale. Home sales surged 24% from a year earlier\u2014the largest gain on record\u2014while new listings were up just 12%. &#8220;October very well may have been the hottest the housing market gets this year,&#8221; said Redfin &hellip; Continue reading &quot;Home Sales Surge 24%, the Biggest Gain on Record, Prices up 14% in October&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/home-sales-surge-24-the-biggest-gain-on-record-prices-up-14-in-october\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-19T14:03:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-sales-surge-24-the-biggest-gain-on-record-prices-up-14-in-october\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-sales-surge-24-the-biggest-gain-on-record-prices-up-14-in-october\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Home Sales Surge 24%, the Biggest Gain on Record, Prices up 14% in October\",\"datePublished\":\"2020-11-19T14:03:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-sales-surge-24-the-biggest-gain-on-record-prices-up-14-in-october\\\/\"},\"wordCount\":1049,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-sales-surge-24-the-biggest-gain-on-record-prices-up-14-in-october\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/624025\\\/Redfin_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-sales-surge-24-the-biggest-gain-on-record-prices-up-14-in-october\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-sales-surge-24-the-biggest-gain-on-record-prices-up-14-in-october\\\/\",\"name\":\"Home Sales Surge 24%, the Biggest Gain on Record, Prices up 14% in October - 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