• The housing market is flooded with demand, but there’s a shortage of inventory.
  • A new report by Redfin found that the median home-sale price rose 17% year over year during the four-week period ending on April 11.
  • Compared to the same four-week period in 2019, the total number of active listings was down 47%, an all-time low.
  • See more stories on Insider’s business page.

With buyer demand high and inventory low, home prices in the US continue to rise.

A new report by the Seattle-based real estate brokerage, Redfin, found that for the four-week period ending on April 11, the median home-sale price shot up to $341,250, a 17% year-over-year increase. 

Homes that were sold during the four-week period sat on the market for a median of…

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