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Home Prices Rose Twice as Fast in Car-Dependent Neighborhoods as Transit-Accessible Areas During the Pandemic

Home Prices Rose Twice as Fast in Car-Dependent Neighborhoods as Transit-Accessible Areas During the Pandemic

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SEATTLE, July 9, 2021 /PRNewswire/ — (NASDAQ: RDFN) — Home prices in car-dependent areas have risen twice as fast as those in transit-accessible areas since the start of the pandemic, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. The median home-sale price in car-dependent areas nationwide has increased 32.8% to a record $418,100 since January 2020, while it has risen 15.6% to a record $540,500 in transit-accessible neighborhoods.

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