More than half of San Antonio homes lingering on the market for 60 days or more
Over half of San Antonio homes have been on the market for 60 days or more, with 52% of listings remaining unsold in February. This trend is attributed to a buyer's market, where sellers outnumber buyers, and homes are taking longer to sell due to high prices and elevated mortgage rates.
In the US, a growing number of home listings are going unsold. In February, 52% of listings were on the market for at least 60 days without going under contract. Homes are taking longer to sell due to high prices and elevated mortgage rates. The typical home that went under contract in February spent 66 days on the market. Cities like Miami and San Antonio have the highest share of stale listings, with 62.6% and 58.3% respectively. The trend reflects a broader slowdown in the Sunbelt region, where once red-hot pandemic markets are now among the strongest buyer's markets.
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