Source: Realtor —
In the fraught, pressure-packed, scarily unpredictable summer 2022 housing market, home sellers and buyers are compulsively tracking key real estate metrics like baseball obsessives tracking box scores—only with way more on the line than the galling perfection of the New York Yankees. Everyone is desperate to get a grip on where things are going in U.S. real estate. Are prices continuing to rise? Is inventory going to keep falling? And where on Earth are mortgage rates going to top out?
But one stat seems to sum up the current market, with all of its twists and turns, better than any other: How long is it taking for homes to sell? And in another sign of a cooldown in the housing market, U.S. homes are remaining on the market just a little longer.