Housing Market: Redfin - Majority of Homes Selling within Two Weeks

The numbers keep going up for the housing market. Redfin reports that competition is so fierce among buyers that a majority of homes are going under contract within two weeks. That's also driving home prices to new record highs.

Redfin reports that median asking prices are up 10% from a year ago, to a new all-time high of $334,770. It also says that median sale prices are up 15% year-over-year to $318,750.

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