US housing supply reaches highest total since 2019: Redfin

Housing supply has increased 12 percent after more than half of the homes listed during November went unsold, the highest peak since 2020, according to Redfin.

The increase is a partial result of a swathe of unsold homes.

Per Redfin, active listings have been rising 0.5 percent month over month and 12.1 percent year over year on a seasonally adjusted basis.

More than half (54.5 percent) of November 2024 listings nationwide were on the market for a minimum of 60 days without going under contract...