Homes for sale are remaining on market longer: Zillow

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Softening demand is keeping homes on the market longer and homeowners appear to be thinking twice about listing their properties, according to data firm Zillow’s Real Estate Market Report for March. The median time on the market rose by four days in February from a year earlier – the first increase in four years – resulting in a 1.2% rise.

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First, homes started lingering on the market longer. Then the number of homes on the. Median listings prices-which is the middle price of all the real estate listings currently for sale-in markets.

Zillow has released a new version of its. Prior to the contest, 66 percent of the 1.8 million homes with Zestimates in the.

The brokerage also said Seattle had the nation’s second-biggest increase in the number of homes for sale – not because new houses are coming onto the market, but because they are sitting unsold for.

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(Bloomberg) — Softening demand is keeping U.S. homes on the market longer and homeowners appear to be thinking twice about listing their properties, according to the zillow real estate market report for March.

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