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Some experts say yes.
In fact, home sales are moving at the slowest rate since 2020.
Thats the nine consecutive months of growth.
It now sits as a post-pandemic high, said Ralph McLaughlin, aRealtor.com senior economist.
Its a welcome sign that the housing market is normalizing, and it tells us the market is healing.
Some of this information is based on an analysis fromFast Company.
When it comes to days on the market, generally numbers above 80 are considered quite high.
In Panama City, it was 82.
Fast Company also looked at active home listings to assess home price momentum.
The Gulf Coast and places like Tampa and New Orleans have returned above pre-pandemic inventory levels.
For comparison, most of the Midwest, Northeast and West Coast remain well below pre-pandemic levels.
Finally, lets look at the change in metro home prices between June of 2023 and June of 2024.
Parts of the Northeast and the Midwest have experienced significant home price growth.
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