{"id":17918,"date":"2020-10-12T12:17:07","date_gmt":"2020-10-12T12:17:07","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=17918"},"modified":"2020-10-12T12:17:07","modified_gmt":"2020-10-12T12:17:07","slug":"home-prices-continue-beyond-summer-peak","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/home-prices-continue-beyond-summer-peak\/","title":{"rendered":"Home Prices Continue Beyond Summer Peak"},"content":{"rendered":"

Home Prices Continue Beyond Summer Peak<\/h1>\n
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Home prices have hit a record-high growth of 12.9% over the last year. Yet\u00a0the higher prices aren\u2019t scaring buyers. Homes are still selling quickly\u2014nearly two weeks faster than they did last year.<\/p>\n

The U.S. median home price remained near its summer peak of $350,000 during the first week of October and has shown no signs of cooling, according to realtor.com\u00ae\u2019s Weekly Housing Report, reflecting the week ending Oct. 3.<\/p>\n

\u201cWhile buyers would normally begin to hunker down this time of year, we expect to see an unusually high number remain in the market this fall,\u201d says Danielle Hale, realtor.com\u00ae\u2019s chief economist. \u201cThis gives sellers a rare opportunity to get top dollar for their home outside of the prime selling season, which may be motivating some to stay in the market. However, even with record-breaking prices, we\u2019re not seeing sellers rush into the market with the same eagerness as buyers. Looking forward, a key question is whether this frenzied demand will continue into the spring or if we\u2019ll see more balance between home buyers and sellers.\u201d<\/p>\n

Typically, during the fall months, sellers tend to lower their prices to entice a smaller pool of buyers. This year has bucked that trend, realtor.com\u00ae notes.<\/p>\n

Inventories remain tight. The number of homes on the market has plunged 38% compared to last year. Sellers remain reluctant to list their homes.<\/p>\n

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\"metro<\/div>\n<\/div>\n<\/div>\n

@ realtor.com<\/p>

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Source:<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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realtor.com\u00ae<\/a><\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Home Prices Continue Beyond Summer Peak Home prices have hit a record-high growth of 12.9% over the last year. Yet\u00a0the higher prices aren\u2019t scaring buyers. Homes are still selling quickly\u2014nearly two weeks faster than they did last year. The U.S. median home price remained near its summer peak of $350,000 during the first week of … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-17918","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nHome Prices Continue Beyond Summer Peak - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/home-prices-continue-beyond-summer-peak\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-prices-continue-beyond-summer-peak\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-prices-continue-beyond-summer-peak\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Home Prices Continue Beyond Summer Peak\",\"datePublished\":\"2020-10-12T12:17:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-prices-continue-beyond-summer-peak\\\/\"},\"wordCount\":257,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-prices-continue-beyond-summer-peak\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/magazine.realtor\\\/sites\\\/default\\\/files\\\/styles\\\/asset_image_full_content\\\/public\\\/assets\\\/images\\\/2010_DNSI_prices1realtor.com_.png?itok=Zw9UHzgf\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-prices-continue-beyond-summer-peak\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-prices-continue-beyond-summer-peak\\\/\",\"name\":\"Home Prices Continue Beyond Summer Peak - 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