Weekly Housing Market Monitor: November 9-12, 2020

Market Report provided by NAR

Amid sustained job growth and with the 30-year fixed mortgage rate at below 3%, contract signings for existing homes increased 18.5% year-overyear during the past four weeks ending November 8. * Preliminary data based on a limited number of MLS Weekly Housing Market Monitor This is somewhat slower than the pace in the prior week (22% in the prior 4-week period). New listings also rose at a slower pace of 3.7% yearover-year (5% in the prior 4-weekperiod).