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.
There's good news in the housing market to close out 2024: There's a lot more supply on the housing market. 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.
Mortgage rates shot over 7% in October and have mostly stayed there through the end of the year, according to. Home prices also continue to rise. The latest monthly price report from S&P CoreLogic Case-Shiller, released Tuesday, showed prices nationally up 3.6% in October compared with the same month a year earlier.
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