The median home sale price increased 15% year over year to $318,750 and asking prices of newly listed homes hit a new all-time high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Below are other key housing market takeaways for more than 400 U.S. metro areas during the 4-week period ending February 7.
• Asking prices of newly listed homes hit a new all-time high of $334,770, up 10% from the same time a year ago. In a typical year, asking prices do not surpass the previous year’s peak until March.
• Pending home sales were up 29% year over year.
• New listings of homes for sale were down 11% from a year earlier.
• Active listings (the number of homes listed for sale at any point during the…