Key takeaways for the 4-week period ending August 9:
- Home sale prices were up 10% year over year—the largest increase in over six years—to another new all-time high of over $314,000. Prices keep climbing month over month, bucking typical seasonality.
- 46% of homes had an accepted offer within the first two weeks on the market, the highest level since at least 2012 (as far back as our data on this measure goes). This measure is also increasing at a time of year when it usually falls.
- Pending home sales were up 13% year over year, and have plateaued since early