The housing market has been on a terrific tear for quite some time now, with home sales in the United States doubling in the past 10 years to about six million units a year. But after interest rates quickly doubled from record lows and soaring prices sparked affordability issues for untold numbers of potential homeowners, the cooling has begun.
Here are some of our major and mid-size metros that may be seeing home sales slip the most. Along with sales data, we'll look at what Redfin (NASDAQ:RDFN) calls "stale" listings: those that have been listed for 30 days or more without going under contract. We'll also include only one market per state to provide some geographic diversity.
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