We’ve been seeing record-high home prices for quite some time being attributed to low inventory and now a recent report from Redfin confirms it; the number of homes for sale hit an all-time low at the end of November. Redfin says this foretells a difficult winter for homebuyers. Indeed…
“The number of homes for sale typically declines another 15% in December…That means that by the end of the year, there will likely be 100,000 fewer homes for sale than there were in February when housing supply last hit rock bottom…” Said Redfin Chief Economist Daryl Fairweather.
Click here to read the full report at Redfin.com.
