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New listings surge as the spring buying season approaches

Housing Wire

New listings ticked up by 21% in February compared to last year, according to Zillow ’s February report. New listings rose 20% from January, and each of the 50 largest U.S. metros experienced an increase in new listings. Texas and Florida saw the biggest jump in new listings, year over year.

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New listings data falls for third week in a row 

Housing Wire

New listings data has been moving lower over the last few weeks. The moves haven’t been significant and our weekly pending contracts data picked up this week. But, we need to see more growth in new listings data just to grow from 2023 levels.

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The two big housing market trends to watch in 2025

Housing Wire

The three years in the post-pandemic housing market have been marked by very few sellers 60,000 new listings in a given week vs. 80,000 in years’ past. Inventory continues to contract There are now 651,000 single-family homes unsold on the market across the U.S. These are unsold new listings.

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Rising inventory is the most positive housing market story in 2024

Housing Wire

The peak New listings came in a bit over 75,000 weekly. When we have a standard market year, for example, between2013 to 2019, peak monthly new listings reached between 80,000 and 110,000. For context, remember that new listing data ranged between 250,000 and 400,000 per week during the housing crash bubble years.

Inventory 506
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Has spring housing demand already started?

Housing Wire

Our weekly pending contract data has shown year-over-year growth for some time now, even with elevated mortgage rates. However, we need to be mindful that existing home sales data is working from record low levels of sales, so it doesnt take much to move the needle as I discussed on Yahoo Finance recently. Weekly inventory change (Dec.

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What happens to the housing market when mortgage rates finally come down?

Housing Wire

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Home prices and new listings dipped too. On the pricing side, last week had the first negative print on year-over-year price for new listings. Is it darkest before the dawn?

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Here’s why home sales will climb in 2024

Housing Wire

You also know that new listings are up over last year, too. New listings volume is up, too. There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. We had 52,000 new pending sales this week. Short on time?