Homes are selling at the slowest summer pace in a decade: Redfin

Home sales are having their worst summer in a decade as some buyers back out

Summer home sales in the United States have slowed to their weakest pace in a decade, according to a new Redfin report.Homes spent a median of 43 days on the market in July, the longest since July 2015. Pending sales fell to a two-year low. Sellers are pulling back, with active listings posting their steepest monthly decline since 2023.Despite the slowdown in sales, prices rose 1.4% from a year earlier the fastest pace in recent months driven in…

South Florida housing market: Real estate experts lay out why home values are down

WPTV is asking questions about the real estate market.We dug into the data and discovered that both nationally and in South Florida that home sales and prices are down.WATCH BELOW: Home sales hit 12-year low in West Palm Beach market, Redfin says Home sales hit 12-year low in West Palm Beach market, Redfin saysAsk anyone trying to sell a home in our area, and they'll tell you the days of fast selling at any price are over.Diane Easter has had he…

Homes are selling at the slowest summer pace in a decade: Redfin

Buyers are regaining leverage in the housing market, and homes are taking longer to sell, according to new Redfin data.

Slow Summer Pace Drives Home Sales Downward - The MortgagePoint

The average home that was under contract in July was listed for 43 days. According to a recent report from Redfin, reflecting the largest duration for any July since 2015 and up from 35 days a year earlier. Due to declining demand brought on by high homebuying expenses and economic uncertainty, homes are taking longer to sell. Existing home sales decreased slightly to the lowest seasonally adjusted annual rate of 4,150,266 in almost a year, whil…

Slowest Housing Market in a Decade

(AURN News) — The housing market is cooling — and fast. According to a new report from Redfin, homes are now selling at their slowest pace in a decade. Pending home sales fell 1.1% month over month in July to the lowest seasonally-adjusted level since November 2023, the company reported. Existing-home sales ticked down to a seasonally adjusted annual rate of 4,150,266 — the lowest level in nearly a year. High prices and economic uncertainty are …