Monday, 15 August 2022 | The Latest Buzz for the Appraisal Industry

Low Housing Inventory in December Influenced Decline in Home Sales, Redfin Report Shows

Fewer homes than ever were for sale in December, driving seasonally adjusted home sales down 3.6%, according to a new report from Redfin. This marks the largest month-over-month sales decline since May 2020. Home prices surged 15% from a year earlier, the 17th consecutive month of double-digit increases.

“Home sales are slumping, but not for lack of demand,” observes Daryl Fairweather, Redfin’s chief economist. “There are plenty of homebuyers on the hunt, but there



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