Despite the median price for an existing home surging to a record high in March, home shoppers continue frantically house hunting. Read more from NAR’s latest housing report.

While NAR has advocated for financially crippled tenants during the pandemic, the association urges relief for property owners, too.

The number of homes sold for more than $1 million jumped by 81% in February compared to a year earlier, NAR data shows. 

This type of contingency would allow a seller to continue to market their home even after they’ve accepted an offer.

Homeowners in several areas of the country are in particularly strong financial shape, even as the effects of the pandemic continue to linger.