Look at days listed. Any property will sell at the right price. After 90-120 days, it obvious the price is too high and the seller is not motivated to sell. The listing realtor will try to provide market guidance and advise to cut the price if needed, but humans can be emotional and irrational. Prices take the elevator up and the stairs down.It’ll take time, but those who must sell will, and they’ll set the downward price momentum with comps.

I&#x27;m in the market right now. Anecdotally, it seems like there&#x27;s more inventory available today than at any time in recent memory, but attractive properties still sell fast while loser properties pile up.I&#x27;m not quite sure what the underlying explanation is. Perhaps there&#x27;s a class of sellers that bought or refinanced at low rates and high valuations and now that rates are up and valuations have slid they can&#x27;t find buyers that will accept the previous high valuation.

Anecdotally, my neighbor&#x27;s house has been on the market for eight (8) months.Another down the street has been on the market for four (4) months.This is a brand new development in a (previously) hot area.

“Homes are not selling” is a narrative that seems to be a little exaggerated. Months of supply has been constant year over year and median days on market is 6 days more for SFH and 8 days for condos. The number of homes sold are also up yoy. The number of homes for sale are up 15% yoy which could explain why houses are in the market for slightly more, but I am yet to see a concrete measure that suggests homes are not selling.The median sale price is also slightly up for SFH and slightly lower for condos&#x2F;townhomes yoy. Seems to me that a lot of these articles are low information clickbait’s.(All data available on redfin: <a href="https:&#x2F;&#x2F;www.redfin.com&#x2F;us-housing-market" rel="nofollow">https:&#x2F;&#x2F;www.redfin.com&#x2F;us-housing-market</a>)

Also: of the human buyers, more are over 70 than under 35.

Over 100,000 homes sold per week the last couple months.Homes not selling.

A land value tax would fix this. Instead of subsidizing vacant lots and car dealerships, we could just be building housing we already want on land we already have.

Stop measuring is the tune of modern America. Also, who needs to measure inflation, right?

THe housing market is entirely synthetic due to corporate ownership.Just stop measuring and I&#x27;m sure all these corporate influenced distortions will go away.

U.S. homes are not selling, and prices continue to rise