Redfin: December Pending Home Sales Outpaced New Listings

By |2021-02-08T22:18:24-05:00February 6th, 2021|Categories: New Homes, Potential Markets, Real Estate, Selling|Tags: , , , , , , , |0 Comments

In December, typically one of the slowest months of the year for the housing market, pending home sales across the nation rose 35 percent, and new listings increased by 14 percent, according to Redfin. The data demonstrates that winter didn’t have its usual chilling effect on demand. The persistent momentum of the market is largely due to historically-low mortgage interest rates. Redfin Chief Economist Daryl Fairweather had this to say: “The December housing market felt more like spring than winter. Right now homebuying demand is seemingly endless, and although new listings are up from a year ago, it’s not nearly