Homes Stay on Market Longer, Sellers Adjust
Dayton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Stale Listings Surge: Sellers Struggle in Buyers Market
The housing market is experiencing a significant shift, with fifty-two percent of listings remaining active for at least sixty days without a contract in February, the highest share since 2019. Sellers now outnumber buyers, with the widest gap since 2013. Despite listing high, most homes are closing below the original price, and the typical house takes sixty-six days to go under contract, the slowest February pace since 2016. Stale listings, those lingering sixty days or more, are up from thirty-nine percent two years ago but still shy of pre-pandemic norms. The situation is particularly dire in Sunbelt spots like Miami, San Antonio, and Pittsburgh, where stale listings reach fifty-eight percent or more. Mortgage rates dipped under six percent late February but are back at six point three eight now, which could crimp spring demand. This shift signals a return to balanced markets where deals favor shoppers, so if youre house hunting, timing might be on your side.
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