The number of homes staying up for sale for 30 days or longer rose by 12.5 percent in July from last year as experts say the US is shifting to a buyer's market.
About 61.2 percent of homes listed for sale stayed on the market for at least 30 days, up from 54.4 percent in July 2021, according to a new Redfin .
Among the major cities where the most homes are staying on the market compared to last year were Oakland, at 60.7 percent; Phoenix at 54.4 percent; and Austin at 50.9 percent; while Fort Lauderdale, , was the sole city that saw a decline at 0.9 percent.
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