Homebuyers, take note: Many listings are selling for under asking price, and most are lingering on the market. Florida homebuyers are seeing the biggest discount.| Redfin Real Estate News
The typical home that sold in January sat for 56 days—the longest of any January since 2020—as mortgage rates hit an 8-month high.| Redfin Real Estate News
Some sellers are reacting by, well, not selling; active listings posted the largest monthly drop since 2023.| Redfin Real Estate News
At no other point on record have sellers outnumbered buyers this much. Home prices will likely fall as a result.| Redfin Real Estate News
1 in 7 deals fell through last month. The share was higher in much of Florida—home to 5 of the 10 metros with the highest cancellation rates.| Redfin Real Estate News
The jump in housing supply put downward pressure on prices, which grew at the slowest pace in nearly two years last month.| Redfin Real Estate News
