Day: October 6, 2020

Home Prices Up 14%, But Price Growth May Wane Soon

Growth in list prices is down 3 percentage points since the end of August, but pending sales were still up 30%

Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 27:

  • The median home sale price increased 14% year over year to $319,769—the highest on record. The 14% jump was the largest since August 2013. Since the four-week period ending July 5, home prices have increased 6.5%. Over that same period in 2018 and 2019, prices declined an average of 4.2%.
  • The median asking price of new listings was up 12.8% from a year
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Kickstart Victoria: State’s real estate market ready to recover after coronavirus downturn

A “feeding frenzy” is tipped to hit Melbourne’s housing market now key real estate restrictions have been eased, with prices set to rise as a result.

But there are question marks about whether a post-COVID recovery will carry on into the New Year, with struggling inner-city suburbs a major concern.

Property pundits are more buoyant about the prospects of outer-Melbourne and regional markets, which have already begun to boom as people reassess where they live, work and play.

RELATED: Victoria’s ‘COVID-proof’ housing markets revealed

First Home Loan Deposit Scheme extension could be just the start

Mildura named among Australia’s hottest

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