Existing home sales in 2020 increased 5.6% from 2019, the largest increase since the Great Recession, and the median home sales price went up nearly 13%, the National Association of Realtors reported Friday. Helped by record-low interest rates, home sales rose in December and for 2020 as a whole. Volume of existing home sales reached 5.64 million in 2020 while the median price of $309,800 was 12.9% above 2019. Inventory fell to a record low, with a 1.9-month supply, down from 2.3 months in … [Read more...]
Report: Existing home sales hit 14-year high in 2020
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