AUSTIN (KXAN) — A new report from real estate company, Redfin, mentioned Austin for having more than half of home listings not sell for two months or more in November.
The report said 62.4% of Austin homes sat on the market for 60 days or longer without going under contract in November.
Realtor with Fathom Realty , Miriam Moorman, said several different factors could contribute to that situation.
Austin’s housing market: How quickly are homes selling, and for how much?
“It is traditionally the low season. Q4 of the year, maybe even into January,” Moorman said, “But also the interest rates are still high. They just didn’t come down, like many people were hoping.”…