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

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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…

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