Key takeaways for the 4-week period ending August 16:
- Median home sale prices climbed further to a new all-time high of $316,375, an increase of 11% from 2019 and the largest year-over-year gain since early 2014.
- Pending home sales were up 15% year over year, and are showing signs of a more typical seasonal decline.
- 46.5% 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).
- The supply of homes for sale continued its downward trajectory, and was 28%