Redfin Reports Homes Are Selling at the Slowest Summer Pace in a Decade

SEATTLE--(BUSINESS WIRE)--The typical home that went under contract in July was on the market for 43 days. That’s up from 35 days a year earlier and is the longest span for any July since 2015, according to a new report from Redfin, the real estate brokerage powered by Rocket. Homes are taking longer to sell because demand is shrinking due to high homebuying costs and economic uncertainty. Pending home sales fell 1.1% month over month in July to the lowest seasonally-adjusted level since Novemb