{"id":152474,"date":"2025-06-02T16:00:16","date_gmt":"2025-06-02T16:00:16","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/152474\/"},"modified":"2025-06-02T16:00:16","modified_gmt":"2025-06-02T16:00:16","slug":"united-states-has-record-698b-worth-of-homes-for-sale","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/152474\/","title":{"rendered":"United States Has Record $698B Worth of Homes For Sale"},"content":{"rendered":"

In what is a harrowing reality check for the country\u2019s housing market, the United States reportedly has a record high $698 billion worth of homes currently for sale. Indeed, real estate brokerage tech firm Redfin <\/a>released a recent report that revealed the 20% jump in homes for sale in the country.<\/p>\n

The company unveiled an analysis of real estate listings over the last 13 years. Moreover, that data showcases the reality of home buying in the country, with the all-time high listing figure a result of rising prices and plummeting demand. Altogether, it provides a concerning look into the future of property purchases within the country.<\/p>\n

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JUST IN: \ud83c\uddfa\ud83c\uddf8 $698 billion worth of homes are for sale in the United States, a new all-time high.<\/p>\n

\u2014 Watcher.Guru (@WatcherGuru) June 2, 2025<\/a><\/p><\/blockquote>\n

Also Read: US Labor Department Rescinds Guidance Against Bitcoin in 401(k) Plans<\/a><\/strong><\/p>\n

United States Home Sellers Have Nearly $700B worth of Listings in New All-Time High<\/p>\n

There is no denying that the United States is facing a concerning period of economic frailty. The national debt continues to balloon, with worries about its ultimate fate<\/a>. Meanwhile, macroeconomic pressures have only hindered the experience for so many citizens. One area that has become primarily affected is real estate.<\/p>\n

The average age of a homebuyer in the country has only continued to go up, reaching 56 years currently.<\/a> That is a reality that many young American families are facing, although it doesn\u2019t appear to be because of a lack of inventory. According to a report from Redfin, the United States has a record of $698 billion worth of homes for sale.<\/p>\n

\"USSource: Business Insider<\/p>\n

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The housing supply has reached a 5-year high, the report notes. That only reinforces the reality that there are far more buyers than sellers. Meanwhile, the median price for a home in the US rose 20.3% year over year.<\/p>\n

\u201cA huge pop of listings hit the market at the start of spring, and there weren\u2019t enough buyers to go around,\u201d Redfin agent Matt Purdy said in a press release.<\/a> \u201cHouse hunters are only buying if they absolutely have to, and even serious buyers are backing out of contracts more than they used to.\u201d<\/p>\n

\u201cThere\u2019s a surplus of inventory on the market, with sellers facing reality and willing to negotiate prices down,\u201d he added. Additionally, the data shows that 44% of United States homes listed on the market have been there for more than 60 days. Altogether, it reiterates that the country is certainly facing a home-buying crisis.<\/p>\n