Almost half of all U.S. homes on the market remain unsold for at least 60 days, according to real estate brokerage Redfin. The stale sales figures persist despite the recent lowering of Fed rates.
Forty-eight percent of U.S. listings for August remain on the market, compared with last year’s 43.2 percent. This is the fifth straight month there was an increase in the share of unsold homes, according to a Sept. 25 report from the brokerage.
