Remove 2024 Remove New Listings Remove Sellers
article thumbnail

Has home seller growth lost momentum?

Housing Wire

Potential home sellers notice weak demand, fewer offers and price reductions, prompting them to back away from the market. If potential sellers avoid the market, this will keep a lid on supply growth. New listings are hitting the market Last year was an environment with 5% to 10% more sellers each week than a year prior.

Sellers 370
article thumbnail

More home sellers but fewer home sales

Housing Wire

There were 45,000 new listings for single-family homes across the country this week, which is a big jump. That’s 12% more sellers than a year ago. It seems more sellers are coming out every week and that will keep inventory pushing upward. Sellers are up, but sales are down. Home prices could fall.

Sellers 418
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The two big housing market trends to watch in 2025

Housing Wire

All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. The other trend to watch is whether we finally have more sellers entering the market in 2025.

article thumbnail

Weak demand is forcing more home sellers to reduce their asking price

Housing Wire

As inventory builds and, as there are fewer offers from homebuyers , more sellers feel the need to reduce the asking price of the homes for sale. We regard this metric, the percentage of homes on the market with price reductions from the original list price, as a leading indicator for future sales prices. About 33.1% There are 27.7%

Sellers 413
article thumbnail

Lower mortgage rates are spurring housing demand

Housing Wire

Additionally, our weekly pending contract data and new listings are trending positively compared to last year. Stay alert for breaking news. Mortgage spreads Mortgage spreads started showing positive trends in 2024 and have continued up until last week.

Mortgage 529
article thumbnail

New Year Brings New Supply as Seller Activity Shifts

Appraisal Buzz

According to the Realtor.com January Monthly Housing Report, January saw a positive shift in seller activity despite recent hikes in mortgage rates, with the number of newly listed homes increasing 37.5% The number of newly listed houses was 10.8% The number of newly listed houses was 10.8% Active listings +25.3% -25.3%

Sellers 332
article thumbnail

Will home prices fall in 2025 with more inventory?

Housing Wire

New listings grew 7% from the week prior Last week saw 68,000 newly listed single-family homes. As such, the pace of new listings seems to be picking up for the spring and the post-pandemic era. There were nearly 7% more sellers last week than the week prior. What is driving the sellers’ behavior?

Inventory 428