Might Be Good News For Homebuyers

The US home market is gradually shifting in buyers’ favor after years of sellers having the upper hand, but many buyers remain hesitant to act. There are a lot more sellers than buyers in today’s market. In August, there were 58% more sellers than buyers nationwide, the largest disparity since Redfin started monitoring the data in 2013. Additionally, the National Association of Realtors estimates that the market has 4.9 months of supply at the present rate of sales. That is the greatest level in almost ten years.

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