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Prices leap as buyers surge into market, MRED data show
August 18, 2020Posted by on
Median home prices across MRED’s markets in the week ending Aug. 17 soared 16 percent over previous-year numbers, showing continued strength despite the pandemic. The strong showings comes in the month straight week of median price gains.
The numbers indicate a strong willingness by consumers to pay a premium for housing, although the number of properties actively listed in MRED’s system was largely flat. Actively listed properties fluctuated less than 2 percent, within the last five weeks, ending the week of Aug. 17 at 72,357.
Learn more about the market, including data on open houses and rents with MRED’s Weekly Market Report, updated each Tuesday.