As the coronavirus continues to impact the U.S. economy and way of life, homes are spending less time on the market and touring activity is slowing, yet so far, sellers aren’t slashing prices, according to recent research from Redfin.
Here are six charts that illustrate the latest developments in the housing market as COVID-19 continues to upend residential real estate.
Sellers Are Staying Strong on Pricing
We recently reported that sellers putting new homes on the market were listing them for less. However, sellers who already have homes on the market are not yet cutting prices. There were price reductions