The Surging Real Estate Market Continues to Climb
Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following:
The index compares the current status “to the January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market’s index value, the higher its recovery and vice versa.”
The graph below charts the index by showing how the real estate market started out strong in early 2020, and then dropped dramatically at the beginning of March when the pandemic paused the economy. It also shows the strength of the recovery since the beginning of May.
Today, the index stands at its highest point all year, including the time prior to the economic shutdown.
Though there is some evidence that the overall economic recovery may be slowing, the housing market is still gaining momentum. Zillow tracks the number of homes that are put into contract on a weekly basis. Their latest report confirms that buyer demand is continuing to dramatically outpace this same time last year, and the percent increase over last year is growing.
Clearly, the housing market is not only outperforming the grim forecasts from earlier this year, but it is also eclipsing the actual success of last year.
Frank Martell, President and CEO of CoreLogic, explains it best:
“On an aggregated level, the housing economy remains rock solid despite the shock and awe of the pandemic.”
Whether you’re considering buying or selling, staying on top of the real estate market over the coming months will be essential to your success.
Stay up to date on the latest real estate trends.
Single-family home prices surged by more than 16% year-over-year, marking one of the strongest January performances in recent memory.
Single-family home prices posted modest year-over-year gains across both counties, while the condo market continued to slide with double-digit declines in Contra Costa… Read more
The San Francisco housing market closed out 2025 with impressive year-over-year gains in median sale prices. Single-family homes saw an 8.63% increase, with the median… Read more
As we moved through the holiday season, inventory levels dropped significantly across the East Bay.
The single-family home market is on fire in San Francisco right now, as the median sale price for a single-family home is reaching the highest level it’s reached in th… Read more
It’ll be important to pay attention to how this market evolves over the seasonally slow winter months, as dwindling inventories might drive prices up over time.
Last month we saw a big upward swing in median sale prices for single-family homes in San Francisco.
Listings are spending a lot more time on the market than they were last year, with single-family listings spending more than 20% longer on the market.
While much of the Bay Area is experiencing inventory issues, the vast majority of areas are seeing inventories begin to pile up. As we know, San Francisco has the oppo… Read more
You’ve got questions and we can’t wait to answer them.