Redfin, Seattle, said median home prices for the four-week period ending Aug. 9 jumped by 10 percent from a year ago to a record-high $314,000 as the spring home-buying season extended well into late summer.
Tag: Darlene Schror
Homebuyer Interest in Rural Areas Rises—But Prices Up Everywhere
Redfin Economist Taylor Marr said there’s more demand—and less supply—for rural and suburban neighborhoods than cities as the pandemic influences homebuyer preferences. Homes in rural areas have had higher price growth than suburban and urban areas since April.