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Pending Home Sales Jump 27%

Mortgage News > Pending Home Sales Jump 27%
Date: 09/22/2020    Pending Home Sales Jump 27%

The U.S. housing market continued to set records in the past month, according to Redfin, with pending home sales skyrocketing 27% over the same period in 2019. During the four weeks ended September 13, the median home price rose 13% compared to a year ago, rising to $319,261, the highest on record. Meanwhile, inventory shrank with the number of active listings sinking 28% to a new low.

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