WELL - Home price home sales indicate hot housing November market; 2021 outlook strong

The housing market continued to hit new records in November, a month that's generally considered a slow one,  fueled by low mortgage rates and tight supply, according to recent reports from Redfin and Re/MaxNovember 2020 home sales surged ~20% Y/Y indicating a strong half-year run and marking a new high for the month in its 13-year history of the RE/MAX National Housing report; it also surpassed new listings for the month.Month-on-month statistics indicate the seasonality impact with a 14.5% drop, in-line with the 12% average of the past five years.Other than home sales, November records reflected averages across 52 U.S. markets with median sales prices of $292K (+13.8% Y/Y), months supply of inventory totaled 1.8, barely higher than the report's record low of 1.7 set in August.Of the 52 metro areas surveyed in November 2020, the overall average number of home sales is up 19.7% Y/Y and down 14.5% M/M."The low

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Home price, home sales indicate hot housing November market; 2021 outlook strong