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 noted that home sales this year were down by 38 percent from the pandemic peak year of 2021 and by more than 31 percent from the last pre-pandemic year in 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.