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A First Since the Pandemic: Stale Home Listings

Redfin, others report, ‘No sense of urgency’ for either party.

By Paul Bergeron | August 10, 2022 at 05:05 PM

More homes are staying on the market for longer, creating more “stale” options and for now, an inability to determine if the US is in a buyers’ market or sellers’ market, according to a report from Redfin this week about July’s listings.

Homes that were listed for 30 days or longer without going under contract increased 12.5% in July from a year earlier – the first year-over-year increase in such homes since the pandemic. Put another way, 61.2% of for-sale homes were on the market for at least 30 days, up from 54.4% a year earlier.

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