Mike Simonsen on the 11 states where home prices are below 2024 levels
HousingWire Daily
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Market Trends: Days on Market and Price Adjustments
This chapter examines the increasing days on market for homes, revealing a nearly 20% slowdown in sales compared to the previous year. It focuses on significant price reductions, with over 39% of homes seeing cuts, signaling potential future declines in sale prices as demand remains weak. Additionally, parallels are drawn between today's market and the conditions of 2018, indicating potential challenges ahead.
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