Home Real Estate Signs Point to Better News for Buyers in the Home Market

Signs Point to Better News for Buyers in the Home Market


As vaccination rates rise and Covid-19 cases fall in many parts of the country, daily life is slowly beginning to resemble what it looked like before the pandemic. The real estate market has a long way to go before it recovers from the steep price increases and inventory drops that have frustrated buyers in the last year and a half. But there are hints of change, if you look closely.

A few weeks ago in this space, we reported that bidding wars had slowed in August, when a smaller share of homes sold over asking price compared with July, according to Redfin. And Realtor.com’s September market report also revealed small but meaningful changes — for one, homes also took longer to sell than in previous months.

In September, the number of listings available across the United States was down about 22 percent year-over-year, and down more than 52 percent from September 2019, keeping the seller’s market rolling. But September’s year-over-year drop was…

Click here for full article…www.nytimes.com