Number Of Homes For Sale In November Hits An All-Time Low

Source: Forbes — 

The 2021 housing craze hit new highs as an uptick in listings offered a ray of hope for buyers trying to find a home in a competitive market and lock in low mortgage rates. But like any roller coaster, what goes up, must come down.

The seasonally-adjusted number of homes for sale fell 18% year over year in November to an all-time low, according to a new report from Redfin, a technology-powered real estate brokerage. This sent the median sale price up 15% to $383,100.