Remove Contracts Remove Finance Remove New Listings
article thumbnail

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.

article thumbnail

Home sales are stalled with 7% mortgages

Housing Wire

New contracts for home purchases are coming in very low this month. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. When will that be? I have no idea.

Mortgage 397
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 unexpected strength of home prices this year

Housing Wire

The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. Florida had an uptick in inventory with a bit of a rebound in new listings now that the storms are over. Home prices ticked up this week.

Inventory 475
article thumbnail

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.

article thumbnail

Did home sales momentum fizzle in December?

Housing Wire

The New Years week was expected to be slow, so it’s no surprise that new listings and sales are down. The Christmas and New Year’s holidays fell on Wednesdays this year, which messes up two full weeks in terms of getting home sales done and tracking the numbers. Those will start rebounding in next weeks data.

Inventory 448
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. New listings jump The supply story in real estate must take into account the new sellers each week. I do not expect a flood of new sellers, but we do see growth.

Sellers 418
article thumbnail

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.