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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. But, we need to see more growth in new listings data just to grow from 2023 levels. 2023 new listings data was the lowest ever on record, so it’s already a low bar.

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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

In Jacksonville, the median condo price declined roughly 7% year over year in January, sales declined 27% and new listings increased 32%. A similar phenomenon occurred in Miami where condo prices fell 3%, sales dropped 9% and new listings rose 27%.

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The mortgage rate lock-in didn’t start in 2022

Housing Wire

After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. We see the same pattern in the new listings rate each week.

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Better mortgage spreads are capping rates in 2025

Housing Wire

The last two years were the two lowest new listings data years in history. However, the slowdown in price growth is a positive development for the housing market, which desperately needs it. Weekly inventory change (Jan. 31-Feb 7): Inventory fell from 634,979 to 632,367 The same week last year (Feb.

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Is mortgage demand really picking up?

Housing Wire

Let’s dig into the data to understand these developments better. Now, context is critical; 2023 new listings data was at the lowest levels ever and 2024 looks to be second in the book. While we aren’t back to the usual trend we had between 2013 and 2019, the fact that we had growth is a plus.

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Has home seller growth lost momentum?

Housing Wire

New listings are hitting the market Last year was an environment with 5% to 10% more sellers each week than a year prior. This week, the new listings stat has grown with slightly more sellers. But weekly new listings volume is low compared to January 2024, which is a sign of market stagnation.

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Signs point to more inventory this spring: Altos

Housing Wire

Home sellers are starting to ease back into the market, new listings are finally exceeding the levels of a year ago. It’s a positive development. The market had about 49,000 new listings this week. Leaving 40,000 New listings to add to the market which is about a 5% increase versus last year.

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