A new report from Redfin says the median sale price prices of Mid-Priced and Affordable homes grew 16% and 13.2%, respectively, Most-Affordable homes rose 18.7%, with Luxury homes jumped 25.8% year over year in Q2 2021.
“Home prices and sales plummeted at the beginning of the pandemic, but have now more than recovered—especially in the luxury and most affordable price tiers—due to low mortgage rates and strong homebuyer demand during the pandemic.” Said Daryl Fairweather, Redfin’s Chief Economist
Click here to read the full story at Redfin.com.
