Housing Sales Flatten in October


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Denver was the fastest market in October, with half of all homes selling in 12 days or less, compared to 11 days in September.

SEATTLE—Home sales stalled in October, increasing by a mere 0.3% year over year, according to Redfin. This was an abrupt slowdown from September’s double-digit sales growth.

Twenty-seven of 67 metros tracked by Redfin had fewer transactions, including “hot markets” like Seattle, Denver, Austin, Miami and Dallas.

Nationwide, the median sale price rose 6% in October, consistent with year-over-year gains posted in the past four months.

The supply of homes for sale remained tight, particularly in Miami and on the West Coast. Nationwide, inventory fell 4.3% from a year ago. The number of new listings grew at their slowest pace since May, up 3.5% from a year ago…

Housing Sales Flatten in October

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