News

Home sales take biggest dip since start of pandemic

October 19, 2022/

Red and white "Home for Sale, Price Reduced" sign in front of a stone, wood house that is for sale. Green grass and bushes indicate the spring or summer season. Front porch and windows in background. Real estate signs in residential neighborhood. Moving house, relocation concepts.

The once red-hot housing market appears to be cooling as Redfin reported a 25% decline in homes sold in September compared to September 2021.

Redfin’s monthly report, which was released on Wednesday, indicated a 22% drop in new listings in September compared to the prior year. These drops were the largest seen since April and May 2020, Redfin said.

By: Justin Boggs

 


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