Homes in the United States sold at the slowest pace in almost half a decade last month as elevated mortgage rates and high prices affected buyers, according to real estate brokerage Redfin.
For the four weeks ending on Jan. 26, “the typical U.S. home listing that went under contract sat on the market for 54 days before the seller accepted an offer, the longest span since March 2020 and a week longer than this time last year,” the company said in a Jan. 30 statement.
