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Demand for Second Homes Has Dropped. Should You Buy Yours Now?

·3 min read
Demand for Second Homes Has Dropped. Should You Buy Yours Now?

At several points during the pandemic, the demand for second homes soared. In August, the demand for second homes dropped 19.3% from the previous year, according to Redfin. In fact, sales of vacation homes made up 6.7% of overall existing home sales between January and April of 2021.