Does “white-hot” mean overheated?

“Housing Market White Hot After Labor Day,” reports Redfin. Sure looks like it. Here’s data for the four weeks ending Sept. 13:

Nearly half of all homes that went onto the market sold within two weeks.

The ratio of the listed price to sale price hit an all-time high.

The YoY increase in the median price hit an all-time high.

New listings were up 6% YoY, active listings were down 28%—an all-time low.

“There is still a lot of room for more homes for sale to hit the market,” says Taylor Marr, Redfin’s lead economist.

You think? Read the full article at Redfin.

August 15 - September 13, 2020

0 %
Sold within two weeks
0 %
Sale-to-list-price ratio
+ 0 %
YoY change, median price
+ 0 %
YoY change, new listings
0 %
YoY change, active listings

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