Active home listings in the U.S. reached their highest levels since 2020 this November, according to a new report by Redfin.
Per Redfin, active listings have been rising 0.5% month over month and 12.1% year over year on a seasonally adjusted basis.
Sellers in the Bay Area reacted strongly to falling mortgage rates last fall, causing home prices to decline for the first time since the beginning of 2023 as new listings flooded the market, the San ...
This city is probably like the next city to watch out for,” said Alysandra Nemeth, a local Redfin real estate agent.
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Most listings had sat on the market 60 days or more in November, and agents recommend sellers lower their prices to sell.
Redfin’s latest report found that new home listings increased nearly 8% year over year in the last month of 2024, though ...