Vacation Home Sales Are Down More Than 50% From Pre-Pandemic Levels

During the onset of the pandemic, the flexibility to work remotely coupled with record-low interest rates had many home buyers toying with the idea of moving to vacation home markets as shifting priorities and preferences altered where and how people wanted to live.

Today, it’s a different story. A scarcity of new listings, elevated mortgage rates, still-high home prices and persistent inflation, among other economic woes, are holding back demand for both primary and second homes, according to a new report from Redfin.

Brenda Richardson