According to realtor.com’s August 2020 Monthly Housing Trends Report, the median listing price in the US increased 10.1 percent year-over-year in August. That’s a substantial increase from the 8.5 percent year-over-year growth seen in July — and the first time that listing prices have seen double-digit growth since 2017. And that 10.1 percent growth took the median listing price to $350,000., the highest on record.
With listing prices at an all-time high (and buyer demand at a high to go along with it), it’s an incredible market for sellers. So if you’ve been thinking about selling your home, now is a great time to make a move.