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Sales of homes are up by 20% in September

According to the National Association of Realtors, only in September, the sale of homes has gone up by more than 20% from a year ago despite seeing a decrease in the number of listings. On average, listed homes are sold within 21 days of listing. The Realtors group also currently sees an increase in sale of homes costing more than $1 million. Buyers to whom cost is not a concern continue to make purchases and investments in homes.

Chris Arnold, Housing Boom: Sales of Million-Dollar Homes Double, (Oct. 22, 2020).

Tags: housing boom, listings, market trend, million dollar homes, National Association of Realtors, New York real estate, sales