Although competition continues to drive up home prices, but home tours, offers and pending sales have slowed, according to a new report from Redfin.
New listings – a key lever for home sales growth – have held up better than pending sales and are inching up increasingly close to 2019 levels.
“Offers no longer pour in the day a home hits the market,” says Phoenix Redfin real estate agent John Biddle. “It has become