RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Home Prices Increase as Properties Fly Off the Market

Home Latest News
By RISMedia Staff
August 16, 2020
Reading Time: 1 min read
Home Prices Increase as Properties Fly Off the Market

Real Estate Money House

The markets are churning despite the pandemic, according to Zillow’s recent Weekly Market Report, which found that newly pending sales are up nearly 17 percent YoY. From last week, new pending sales increased 1.3 percent, and homes are selling quicker (in 13 days, on average, which is 11 days faster YoY).

While inventory saw a boost from the previous week—new for-sale listings are up 4.3 percent)—but it’s still not enough to make up for the nationwide inventory drought. New listings are still 13.2 percent lower YoY, and total inventory is down 27.6 percent YoY.

The tight market is causing home prices to continue rising. Last week, the median list
price in the U.S. was $344,660—up 7.3 percent YoY. For the week ending June 27, the median sale price was $269,700—a 1.8 percent increase from the same time last year.

In some markets, housing activity is incredibly fast-paced. For example, in Cincinnati, Columbus, Kansas City and Raleigh, homes are typically only on the market for four days before getting an accepted offer.

For more information, please visit www.zillow.com.

Tags: Housing InventoryHousing MarketPending SalesReal Estate Industry NewsZillow
ShareTweetShare

RISMedia Staff

Related Posts

Homebuilder Confidence Falls for 8th Straight Month
Agents

Homebuilder Confidence Falls for 8th Straight Month

August 16, 2022
Housing Starts Fall to Lowest Level in Over a Year
Agents

Housing Starts Fall to Lowest Level in Over a Year

August 16, 2022
The Hottest Zip Codes of 2022 Are in Small New England Cities
Agents

The Hottest Zip Codes of 2022 Are in Small New England Cities

August 16, 2022
Forbes Global Properties Names Michael Jalbert CEO
Agents

Forbes Global Properties Names Michael Jalbert CEO

August 16, 2022
Compass Eliminates Financial Perks, Recruiting Tactics After Tallying Higher Losses in Q2
Agents

Compass Eliminates Financial Perks, Recruiting Tactics After Tallying Higher Losses in Q2

August 16, 2022
Thriving in a Recession: Best Practices for Real Estate Team Leaders
Agents

Thriving in a Recession: Best Practices for Real Estate Team Leaders

August 16, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

Keep Up With What Today’s Buyers Want

Today’s buyers want move-in ready but over 80% of homes in the U.S. are 20 years or older making pre-listing... Learn more.

Business Tip of the Day provided by
REGISTER NOW

Recent Posts

  • Homebuilder Confidence Falls for 8th Straight Month
  • Housing Starts Fall to Lowest Level in Over a Year
  • The Hottest Zip Codes of 2022 Are in Small New England Cities

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies

© 2022 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2022 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X