Redfin may think it’s the worst market in 30 years,

An excerpt:

There’s recently been a little bit of breathing room in the U.S. housing market as mortgage rates have slightly declined and home price increases have started to steady. But both buyers and sellers are still cautious.
Fewer homeowners are putting their homes on the market: Active listings fell 1.4% in August, which represents the biggest monthly decline since 2023, according to a Monday report from Redfin.
“High housing costs and economic jitters have rattled buyers, and that unease has spilled over to sellers,” Chen Zhao, Redfin’s head of economics research, wrote in the report. “We currently expect existing-home sales to end the year at around 4.05 million, or roughly flat compared to 2024, which was the worst year for sales since 1995.”

Source: Fortune

I’m not sure about this. Yesterday, I submitted an offer in the Boston suburbs 3% below asking price. Later that evening I received this email:

Many thanks for the offer.

My sellers decided to go with another offer, it was substantially higher. Please do thank your clients for their interest and if anything happens, I will let you know!

This doesn’t read like the market is the worst in 30 years.