{"id":402980,"date":"2020-12-18T12:35:44","date_gmt":"2020-12-18T17:35:44","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402980"},"modified":"2020-12-18T12:35:44","modified_gmt":"2020-12-18T17:35:44","slug":"home-prices-up-15-pending-sales-rise-32","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/home-prices-up-15-pending-sales-rise-32\/","title":{"rendered":"Home Prices Up 15%, Pending Sales Rise 32%"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Redfin reports new listings were up 13%, but the number of homes for sale fell 30% to a new all-time low.<\/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\">Dec. 18, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN) \u2014 The median home sale price increased 15% year over year to <span class=\"xn-money\">$322,616<\/span>, the highest on record, according to a new <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018425-1&amp;h=872918722&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fpending-sales-up-32-pct-prices-up-15-pct%2F&amp;a=report\" rel=\"nofollow noopener noreferrer\">report<\/a><\/u> from Redfin (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018425-1&amp;h=829265453&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=redfin.com\" rel=\"nofollow noopener noreferrer\">redfin.com<\/a><\/u>), the technology-powered real estate brokerage. <\/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>Below are other key housing market takeaways for 400+ U.S. metro areas during the 4-week period ending <span class=\"xn-chron\">December 13<\/span>.<\/p>\n<ul type=\"disc\">\n<li>Pending home sales were up 32% year over year. In the single week ending <span class=\"xn-chron\">December 13<\/span>, pending sales were up 28% from the same week a year earlier. <\/li>\n<li>New listings of homes for sale were up 13% from a year earlier. <\/li>\n<li>Active listings (the number of homes listed for sale at any point during the period) fell 30% from 2019 to a new all-time low. <\/li>\n<li>39% of homes that went under contract had an accepted offer within the first two weeks on the market. This measure has experienced some slight seasonal cooling, but is still well above the 26% it was at this same time a year ago. <\/li>\n<li>The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, rose to 99.5%\u2014an all-time high and 1.5 percentage points higher than a year earlier. <\/li>\n<li>For the week ending <span class=\"xn-chron\">December 13<\/span>, the seasonally adjusted Redfin Homebuyer Demand Index\u2014a measure of requests for home tours and other services from Redfin agents\u2014was up 32% from pre-pandemic levels in January and February. The fact that the Demand Index has held relatively steady since July indicates that there is no shortage of people interested in buying homes. Instead, a decline in the number of listings may be restricting actual sales. <\/li>\n<li>Mortgage purchase applications increased 2% week over week (seasonally adjusted) and were up 26% from a year earlier (unadjusted) during the week ending <span class=\"xn-chron\">December 11<\/span>. For the week ending <span class=\"xn-chron\">December 17<\/span>, 30-year mortgage rates fell to 2.67%, another new all-time low. Rates have been below 3% since late July. <\/li>\n<\/ul>\n<p>&#8220;At a time of year when the housing market usually goes into hibernation, homebuyers are doing anything but hibernate,&#8221; said Redfin chief economist <span class=\"xn-person\">Daryl Fairweather<\/span>. &#8220;With the coronavirus vaccine set to roll out just as the housing market typically kicks into full gear, a combination of seasonality and the pandemic&#8217;s final chapter is likely to keep the housing market hot well into 2021.&#8221;<\/p>\n<p>To view the full report, including charts and methodology, please visit: <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018425-1&amp;h=2742226761&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fpending-sales-up-32-pct-prices-up-15-pct%2F&amp;a=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fpending-sales-up-32-pct-prices-up-15-pct%2F\" rel=\"nofollow noopener noreferrer\">https:\/\/www.redfin.com\/news\/pending-sales-up-32-pct-prices-up-15-pct\/<\/a><\/u><\/p>\n<p>\n        <b>About Redfin <br \/><\/b>Redfin (<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018425-1&amp;h=3355569894&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2798157-1%26h%3D3738612622%26u%3Dhttp%253A%252F%252Fwww.redfin.com%252F%26a%3Dwww.redfin.com&amp;a=www.redfin.com\" rel=\"nofollow noopener noreferrer\">www.redfin.com<\/a>) 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=3018425-1&amp;h=2239173998&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=3018425-1&amp;h=1687825233&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=3018425-1&amp;h=3619519993&amp;u=https%3A%2F%2Fwww.redfin.com%2Fblog%2Fdata-center&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=3018425-1&amp;h=86238990&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=SF29555&amp;sd=2020-12-18\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/home-prices-up-15-pending-sales-rise-32-301196147.html\">http:\/\/www.prnewswire.com\/news-releases\/home-prices-up-15-pending-sales-rise-32-301196147.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=SF29555&amp;Transmission_Id=202012181230PR_NEWS_USPR_____SF29555&amp;DateId=20201218\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Redfin reports new listings were up 13%, but the number of homes for sale fell 30% to a new all-time low. PR Newswire SEATTLE, Dec. 18, 2020 \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN) \u2014 The median home sale price increased 15% year over year to $322,616, the highest on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Below are other key housing market takeaways for 400+ U.S. metro areas during the 4-week period ending December 13. Pending home sales were up 32% year over year. In the single week ending December 13, pending sales were up 28% from the same week a year earlier. New listings of homes for sale were up 13% from a year earlier. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/home-prices-up-15-pending-sales-rise-32\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Home Prices Up 15%, Pending Sales Rise 32%&#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-402980","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 Prices Up 15%, Pending Sales Rise 32% - 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-prices-up-15-pending-sales-rise-32\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Prices Up 15%, Pending Sales Rise 32% - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Redfin reports new listings were up 13%, but the number of homes for sale fell 30% to a new all-time low. PR Newswire SEATTLE, Dec. 18, 2020 \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN) \u2014 The median home sale price increased 15% year over year to $322,616, the highest on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Below are other key housing market takeaways for 400+ U.S. metro areas during the 4-week period ending December 13. Pending home sales were up 32% year over year. In the single week ending December 13, pending sales were up 28% from the same week a year earlier. New listings of homes for sale were up 13% from a year earlier. &hellip; Continue reading &quot;Home Prices Up 15%, Pending Sales Rise 32%&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/home-prices-up-15-pending-sales-rise-32\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-18T17:35:44+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=\"3 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-prices-up-15-pending-sales-rise-32\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-prices-up-15-pending-sales-rise-32\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Home Prices Up 15%, Pending Sales Rise 32%\",\"datePublished\":\"2020-12-18T17:35:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-prices-up-15-pending-sales-rise-32\\\/\"},\"wordCount\":599,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-prices-up-15-pending-sales-rise-32\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/624025\\\/Redfin_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-prices-up-15-pending-sales-rise-32\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/home-prices-up-15-pending-sales-rise-32\\\/\",\"name\":\"Home Prices Up 15%, Pending Sales Rise 32% - 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PR Newswire SEATTLE, Dec. 18, 2020 \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN) \u2014 The median home sale price increased 15% year over year to $322,616, the highest on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Below are other key housing market takeaways for 400+ U.S. metro areas during the 4-week period ending December 13. Pending home sales were up 32% year over year. In the single week ending December 13, pending sales were up 28% from the same week a year earlier. New listings of homes for sale were up 13% from a year earlier. &hellip; Continue reading \"Home Prices Up 15%, Pending Sales Rise 32%\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/home-prices-up-15-pending-sales-rise-32\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-18T17:35:44+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/home-prices-up-15-pending-sales-rise-32\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/home-prices-up-15-pending-sales-rise-32\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Home Prices Up 15%, Pending Sales Rise 32%","datePublished":"2020-12-18T17:35:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/home-prices-up-15-pending-sales-rise-32\/"},"wordCount":599,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/home-prices-up-15-pending-sales-rise-32\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/home-prices-up-15-pending-sales-rise-32\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/home-prices-up-15-pending-sales-rise-32\/","name":"Home Prices Up 15%, Pending Sales Rise 32% - 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