The typical April holiday slump in buying and selling homes during the Easter and Passover weekends could stretch to Memorial Day and beyond, according to a new report from real estate brokerage firm Redfin.
What was already a slowdown triggered by surging mortgage rates and housing costs, that mid-April lull was amplified as approximately one in eight sellers cut their list prices during the four weeks ending April 17—the highest share in five months.
Asking prices declined slightly from the previous four-week period as well.
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