If the pandemic has been good to anybody, it’s been homeowners listing their properties, as pent-up demand for homes has sent prices skyrocketing. But could this sellers’ market finally be on the way out? Homes aren’t moving as quickly, either: 47 percent sold during this period went into contract within two weeks, down from the March apex of 56 percent. The report shows that multiple bids on a property were less common nationwide in August than they were in the previous month and a year ago. Sarasota, Fla., and Richmond, Va., followed, as seen in this week’s chart.

Source: New York Times September 23, 2021 13:30 UTC