【World Property Journal】Five U.S. Housing Records Were Shattered in March

To say the U.S. housing market is on fire is an understatement these days. National property broker Redfin is reporting this week that the national median home-sale price in the U.S. hit a record high of $353,000 in March 2021, up 17% from 2020 and a record high rate of growth.

The U.S. housing market set several other records in March 2021, even considering the fact that year-over-year comparisons are now looking at the start of the pandemic:

• The number of homes for sale fell to a record low, with a record year-over-year drop of 29%.
• The typical home sold in just 25 days, a record low.
• 42% of homes sold above their list price, a record high.
• The average sale-to-list ratio, a measure of how close homes are selling to their asking prices, hit a record high, passing 100% for the first time.

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