Persistent market headwinds resulted in a slow beginning to the year, according to Redfin. The typical days on market reached 54 days this month — the slowest pace since 2020
Amid the continued shattering of annual sales pace records, inventory also took a slight hit during October, a report from realtor.com shows
According to Redfin's latest market analysis, the home sales pace is growing fastest in swing counties as urban homebuyers migrate to suburban locales
Declining inventory and rising home prices will drive market dynamics