Housing Market: Redfin - Majority of Homes Selling within Two Weeks

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Manage episode 285651978 series 2394432
By Kathy Fettke and Real Estate Investing with Kathy Fettke - RealWealth Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

The numbers keep going up for the housing market. Redfin reports that competition is so fierce among buyers that a majority of homes are going under contract within two weeks. That’s also driving home prices to new record highs.

Redfin reports that median asking prices are up 10% from a year ago, to a new all-time high of $334,770. It also says that median sale prices are up 15% year-over-year to $318,750.

www.NewsForInvestors.com

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