Home Sales Fell Nearly 20% In February

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Inventory remains low while more homes are still sold compared to pre-pandemic rates.

% from January to February, according to the U.S. Census Bureau, even as annualized sales remain much higher than pre-pandemic rates.775,000 new single-family homes were sold in Feb. 2021—that’s a large drop from the 958,000 homes sold rate in Jan. 2021.

Adjusted home sale rates are still far higher than they were pre-pandemic: 716,000 new single family homes were sold in Feb. 2020.The National Association of Realtors said the decline from January was due to “At the end of December 2020, there were just 1.07 million homes for sale—the lowest

 

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not in Florida

If only it steadily decreased like that and eventually, maybe a normal person might afford a house.

Not here.

Very good!

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