U.S. home inventory hit a record $698 billion in April, a 20.3 percent increase from the previous year. However, sales aren’t keeping pace, a new analysis from Redfin shows. While listings are rising, buyer activity remains muted, leaving many homes sitting unsold far longer than usual.
Source: Inman News
Record $700B worth of listings on market, but sales are sluggish
Published in average days on market, Chen Zhao, days on market, home prices, homebuying demand, homeselling, housing inventory, inventory, Listings, Markets & Economy, Matt Purdy, News Brief, Redfin, Redfin Premier, Redfin premier agent and Select
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