Deep freeze hit housing market in December with strongest seasonal slowdown in 2 years

As temperatures plummeted over the festive season, so did the level of activity in the residential real estate market, which experienced its strongest seasonal slowdown in nearly two years.

We find that high mortgage rates continue to bring a slow market, with December 2024 being the slowest December since 2019 and the slowest month in nearly two years.

It is typical for the housing market to slow down at the end of the year as buyers and sellers focus their attention on end-of-year festivities and push activity to the new year, once the market and the weather are warmer.

Read at New York Post