in

Home Demand At Record Pace As Prices Increase To All-Time Highs

About 59% of homes that went under contract had an accepted offer within two weeks of hitting the market

From FoxBusiness.com…..

Homes are getting snatched off the market at a record pace despite rising home prices and mortgage rates, according to a new Redfin report.

About 59% of homes that went under contract had an accepted offer within two weeks of hitting the market, an-all time high since the real estate brokerage began tracking the data in 2012.

In the week ending on March 28, 61% of homes sold in two weeks or less, according to the data. Meanwhile, just under half of all homes, about 47%, that went under contract accepted an offer within one week, an increase from 33% from a year ago.

At the same time, the report revealed that active listings fell 42% from the same period in 2020, which is an all-time low.

Read More

Leave a Reply

Loading…

Video: Watch As Dog Snatches Mic From Weather Reporter In Russia

Stacey Abrams Now Upset About Moving Of MLB All-Star Game After Pushing Misinformation On Georgia’s Voting Law