Redfin Reports There Are Nearly 40% Fewer Homes For Sale Now Than Pre-Pandemic
Those add to the deepening post-pandemic inventory shortage; there are 39% fewer homes for sale now than there were five years ago, in June 2018.
- Those add to the deepening post-pandemic inventory shortage; there are 39% fewer homes for sale now than there were five years ago, in June 2018.
- New listings of homes for sale fell 23.3% year over year, roughly on par with the declines over the last two months.
- On average, 5.3% of homes for sale each week had a price drop, up from 4.3% a year earlier.
- The average sale-to-list price ratio, which measures how close homes are selling to their final asking prices, was 99.9%.