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December 2021

Found 1 blog entry for December 2021.

Shopping for a new home in late November most likely gave frustrated buyers little to be thankful for as demand for homes continued to outpace supply.

The number of homes for sale hit an all-time low during the week ending November 28, according to a new report from Redfin, a technology-powered real estate brokerage. During that period, sustained demand pushed the median home price to another record high, and a third of homes sold in one week or less.

“The number of homes for sale typically declines another 15% in December,” said Redfin chief economist Daryl Fairweather. “That means that by the end of the year, there will likely be 100,000 fewer homes for sale than there were in February when housing supply last hit rock bottom. I think more new

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