But I was told there would be a 3 2 1.5 1 0.5 million forbearance homes flooding the market starting in September and the bubble will have burst by now?
The median home-sale price hit a new all-time high of $359.975, up 14% year over year. This was up 30% from the same period in 2019 and up 1.9% from a month earlier, which was nearly four times faster growth than the 0.5% increase seen during the same period last year.
Asking prices of newly listed homes were up 12% from the same time a year ago and up 26% from 2019 to a median of $352,250.
Pending home sales were up 8% year over year, and up 51% compared to the same period in 2019.
New listings of homes for sale were down 2.7% from a year earlier, but up 12% from 2019. Since the four-week period ending October 3, new listings are down 16%, a smaller decline than over the same period in 2019 (-21%) and in 2020 (-18%).
Active listings (the number of homes listed for sale at any point during the period) fell 22% from 2020 and 41% from 2019.
https://www.redfin.com/news/housing-market-update-home-prices-hit-new-high/