54% of Homes Sold Above List Price in May: Redfin

Originally published on June 17, 2021, by Erin Osgood for Redfin.

Over Half of Homes Sold Above List Price in May for the First Time On Record

Home prices were up 24%, a record high due to the dip in home prices at the start of the pandemic a year earlier

SEATTLE, June 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home-sale price hit a record high of $377,200 in May, up a record 26% year over year, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. The housing market also set new records for home-selling speeds and competition, but seasonally adjusted home sales and new listings flattened from April. Leading indicators of housing market activity are also declining into June, according to the latest weekly data, signalling that the pace of the market may be slowing.

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