There’s a lot more supply on the housing market. The bad news: A lot of that supply is stale, sitting unsold for much longer than usual. Active listings in November were 12.1% higher than they were in November 2023 and hit the highest level since 2020,

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.

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