The Typical Home Is Selling For Less Than List Price, the First Time That Has Happened in Late Spring Since Start of Pandemic

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https://www.redfin.com/news/housing-market-update-homes-selling-below-asking-price-june-2024/

 

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The typical U.S. home that sold during the four weeks ending June 23 sold for 0.3% less than its asking price. This marks the first time the typical home has sold under list price this time of year since the onset of the pandemic in 2020, when the housing market nearly ground to a halt. The typical home sold for exactly its list price one year ago, and roughly 2% above its list price two years ago.

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Housing will never go down again.