“The year is on track to have the slowest housing market in three decades, with a projected four million home sales, according to the National Association of Realtors — making 2024 the second straight year of historically anemic sales”
Record low demand and sales, stubborn sellers holding out for higher prices, persistent high interest rates, and a high percentage of buyers priced out of the market were all factors of a 2024 housing market that was slowest since 1995, a time when 110 million less people lived in the United States.