U.S. Homes Are Sitting on the Market the Longest in a Decade
In July 2024, the median listing time for U.S. homes stretched to 35 days, up from 30 days in July 2023 and just 22 days in July 2022—marking the slowest movement in housing inventory in ten years.
In some markets, it's MUCH longer. This is just national numbers.
This slowdown reflects a meaningful shift in market dynamics: elevated mortgage rates, detached pricing expectations, and diminished buyer urgency are contributing to substantially slower cycles.
For real estate professionals, builders, and investors, this could signal opportunities to recalibrate pricing strategies, marketing approaches, and sales timelines to align with evolving buyer behaviors.
The best buying behavior to be apart of is the investor network.
For the simple reason that they will continue to buy with no emotional escrow.
They don't go by trends, just if the numbers work for today.
That's what I love about seeing with Featured Agents on BiggerPockets.
They get to tap into the network of BiggerPockets clients right when they are ready to buy...
or looking for an agent today to help them acquire more.
Here we are, it's going to be Autumn soon. Are you ready to for the slow down by working with retail buyers...
Or are you going to dominate the season through winter by connecting with the RIGHT buyers?
