Houses in the United States are taking longer to sell as bidding wars have decreased and demand has dipped, according to real estate brokerage firm Redfin.
For the four weeks ending on July 17, the typical home was on the market for 19 days before being sold, one day more than the same period in 2021, Redfin said in a July 21 statement. This is the first time in two years that the median time on the market has registered a year-over-year increase.
