[HN Gopher] U.S. homes are not selling, and prices continue to rise
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U.S. homes are not selling, and prices continue to rise
Author : paulpauper
Score : 17 points
Date : 2025-08-02 20:40 UTC (2 hours ago)
(HTM) web link (www.nytimes.com)
(TXT) w3m dump (www.nytimes.com)
| darth_avocado wrote:
| "Homes are not selling" is a narrative that seems to be a little
| exaggerated. Months of supply has been constant year over year
| and median days on market is 6 days more for SFH and 8 days for
| condos. The number of homes sold are also up yoy. The number of
| homes for sale are up 15% yoy which could explain why houses are
| in the market for slightly more, but I am yet to see a concrete
| measure that suggests homes are not selling.
|
| The median sale price is also slightly up for SFH and slightly
| lower for condos/townhomes yoy. Seems to me that a lot of these
| articles are low information clickbait's.
|
| (All data available on redfin: https://www.redfin.com/us-housing-
| market)
| mbac32768 wrote:
| I'm in the market right now. Anecdotally, it seems like there's
| more inventory available today than at any time in recent
| memory, but attractive properties still sell fast while loser
| properties pile up.
|
| I'm not quite sure what the underlying explanation is. Perhaps
| there's a class of sellers that bought or refinanced at low
| rates and high valuations and now that rates are up and
| valuations have slid they can't find buyers that will accept
| the previous high valuation.
| burnt-resistor wrote:
| Anecdotally, my neighbor's house has been on the market for
| eight (8) months.
|
| Another down the street has been on the market for four (4)
| months.
|
| This is a brand new development in a (previously) hot area.
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(page generated 2025-08-02 23:02 UTC)