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[quote=Anonymous]Luxury homes pushing prices higher in the U.S.: Redfin Oct. 09, 2020 3:26 PM ETRedfin Corporation (RDFN)By: Shweta Agarwal, SA News Editor2 Comments U.S. home prices increased 16% Y/Y for the week ending Oct. 4, according to Redfin (NASDAQ:RDFN). The median asking price of new listings was up 14% from a year earlier, an uptick from 12.9% during the four weeks ended Sept. 27. New home listings for sale were up 4% from a year ago; Active listings fell 28% to a new all-time low. The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, rose to 99.4%,an all-time high, and 1.2% higher than a year earlier. "Large, expensive, luxury homes are taking up a bigger share of the homes that are selling, which is driving a high growth rate for the median sale price," says Redfin Chief Economist Daryl Fairweather. [/quote]
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