“In early November, few homeowners decided to list amidst all of the uncertainty and anxiety about the election outcome,” said Redfin chief economist Daryl Fairweather. “But that anxiety didn’t stop buyers from scooping up the homes that were left for sale. However, our data is starting to show a slowdown in the number of people viewing homes, which is typical for this time of year. If that trend continues the way we’d expect it to, buyers who remain in the market may start to encounter less competition than we’ve grown accustomed to since the summer, before the market likely returns to full speed in the new year.”

Housing Market Update: Home Sale Prices Up 15% to Another New High

Housing Market Update: Pending Sales Up 29% From a Year Earlier

Housing Market Update: New Listings of Homes Up 7% From Last Year

Housing Market Update: Active Listings of Homes For Sale Down 29% From 2019

Housing Market Update: 43% of Pending Sales Under Contract Within Two Weeks

Housing Market Update: Sale-to-List Price Ratio Climbed to 99.5%