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Redfin reports that 61.2% were listed for at least 30 days, up from 54.4% a year earlier.
Indicators of homebuyer activity ,such as online searches, requests for tours and agents’ help and mortgage applications, rose as mortgage rates fell below 5%.
Company officials said that in the third quarter they expect total revenue between $590 million and $627 million.
The uptick in early demand, however, has not carried through to home purchase contracts or sales.
The outcome won’t be the same across the nation — some areas will show resilience and others will come tumbling down.
Report says homes are taking longer to sell, as few are being listed and even fewer are selling.
