Redfin data shows home listings climbed 12% year-over-year last month, with Florida and Texas in particular seeing a surge in stale inventory.

Real estate company Redfin says the United States’ housing supply is at its highest level since 2020, but the company said it’s because many homes are on the market but haven’t sold.

"Mortgage rates are likely to remain in the high-6% range throughout 2025, with the weekly average rate fluctuating throughout the year but averaging around 6.8%," say the strategists at Redfin, the national brokerage.

In November, 54.5% of homes for sale stayed on the market for 60 days or more without being sold. This trend persisted in Tampa Bay, where active listings are at 19.1%, but 57% st