Homes priced under $400,000 are becoming scarce in many markets. According to Movoto by Lower, these homes made up 72.6% of listings in 2020, but their share has drastically declined since then. By 2026, they account for less than 30% of listings.
This significant shift in the market has resulted in a substantial decrease in the availability of affordable homes. The data from Movoto by Lower highlights the changing landscape of US markets, where homes priced under $400,000 are no longer the dominant option.
Further details on this trend can be found in the report by Movoto by Lower, which provides insight into the current state of the market and the decline of homes priced under $400,000.
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