Why? What changed?
We had a ‘glut’ for like two months where a couple of houses closed under ask in our cny village, since then 75% of listings with median list of 1 mil are pending. The only homes kinda sitting are 2 mil plus. So much cash on the sidelines apparently.
Equity markets rebounding and creating wealth. There was a strong effort to put a floor into the market come hell or high water.
This also slows layoffs and reduces the number of forced sellers.