Thursday, March 18, 2021
Here’s where the housing market is starting from for this spring season:
- Inventory of homes for sale dropped in February by nearly 49% year-to-year.
- February’s median listing price increased to $353,000, up about 14% year-to-year.
- Mortgage applications for new home purchases increased 19% in January 2021 compared to a year earlier.
- 71% of homes sold in January were on the market for less than a month.
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