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Housing market ‘no longer heating up,’ new Redfin report shows

Housing market 'no longer heating up,' new Redfin report shows

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Home sellers suggest the housing market is “no longer heating up,” as homes are staying on the market longer and the share of homes with a price drop rose for a fifteenth straight week, according to a new report from Redfin Corp. RDFN, +1.85% , a real estate brokerage services company. Home that sold were on the market for a median 17 days for the four-week period ending Aug. 8, that’s down from 35 days a year ago, but up from a record low of 15 days in late June and July.

...read full article on Market Watch

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