An in-depth analysis of national housing market
Boston Condos for Sale and Apartments for Rent
An in-depth analysis of national housing market
There’s good news in the housing market to close out 2024: There’s a lot more supply. The bad news: A lot of that supply is stale, sitting unsold for much longer than usual.
Active listings in November were 12.1% higher than they were in November 2023 and hit the highest level since 2020, according to a new report from Redfin.
The typical home that did go under contract did so in 43 days, according to Redfin, the slowest November pace since 2019.
“A lot of listings on the market are either stale or uninhabitable. There’s a lot of inventory, but it doesn’t feel like enough,” said Redfin agent Meme Loggins, who was quoted in the report. “I explain to sellers that their house will sit on the market if it’s not fairly priced. Homes that are priced well and in good condition are flying off the market in three to five days, but homes that are overpriced can sit for over three months.”
An in-depth analysis of national housing market
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in the interview below discuss the state of the real estate market are the topics in this interview. The most interesting was her graph above that shows how much quicker sales have declined this year, compared to the last downturn.
She is expecting -12% in national pricing, and -20% in sales next year.
The State of The Real Estate market
