Report: Houses Gathering Dust on Market as Unsold Inventory Grows
Appraisal Buzz
JULY 24, 2024
Nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract, according to a new report from Redfin, a technology-powered real estate brokerage. This trend is contributing to a glut of unsold inventory. The rise in stale inventory is most pronounced in Texas and Florida.
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