The U.S. housing market is experiencing a slowdown, with significant drops in home sales activity, particularly in regions that saw recent construction booms. Research indicates that Nashville, TN, has the highest increase in median days on market, with homes taking 20 days longer to sell than last year. Miami and Orlando follow, with homes waiting significantly longer for buyers. Other metros like Tucson, Jacksonville, Columbus, and Las Vegas also face increased selling times, indicating a broader trend of stagnation in the housing market across various regions.
"Nashville, TN, has the highest increase in median days on market, with homes lingering unsold for 20 days longer than last year, reaching 52 days."
"Miami is ranked second, where homes waited for a buyer for just over two weeks longer compared to June 2024, with a staggering 83 days on market."
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