US Real Estate

US Home Turnover Hits Lowest Rate in Decades, Redfin Reports

Only 28 out of every 1,000 single-family homes have been resold this year.
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US Home Turnover Hits Lowest Rate in Decades, Redfin Reports
Homes in Huntington Beach, Calif., on July 12, 2024. John Fredricks/The Epoch Times
Mary Prenon
Mary Prenon
Freelance Reporter
|Updated:
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Only 28 out of every 1,000 U.S. single-family homes have been resold this year, making it the lowest turnover rate since the early mid-1990s, according to online real estate brokerage Redfin.

In its Oct. 31 analysis, Redfin also stated that home sales this year were down by 38 percent from the COVID-19 pandemic peak year of 2021 and by more than 31 percent from the last pre-COVID-19 pandemic year, 2019.
Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.