In January, the real estate market saw a 17.5 percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary. Despite a rise in total inventory compared to 2022 and 2023, the market is still behind historical inventory averages as sellers avoid entering a higher rate environment.
Source: Inman News
Sluggish net new listings signal that the lock-in effect is not over
Published in homebuyers, homesellers, housecanary, January contract signings, January market report, January new listings, january pending home sales, Listings, Markets & Economy, median home price, mortgage rates, Select and the federal reserve
More from homebuyersMore posts in homebuyers »
- Is fall the new spring? Market winds may be shifting, NAR says
- How Charlie Kirk’s assassination could impact real estate
- Compass to acquire Anywhere in $1.6B deal, capping rise to top
- How the growing buyer power shift is reshaping the real estate market
- How to wow clients and win every time: Now Streaming
More from homesellersMore posts in homesellers »
- Compass to acquire Anywhere in $1.6B deal, capping rise to top
- Sellers outnumber buyers by 36% — but that figure is starting to shrink
- New listings grew 276% last week — but it’s not enough
- Anywhere CEO Ryan Schneider hints at more acquisitions and wants practical AI, not ‘hot air’
- Realtor.com CEO is ready to ‘turn off’ Clear Cooperation debate
More from housecanaryMore posts in housecanary »
More from January market reportMore posts in January market report »
More from ListingsMore posts in Listings »
- How a 2008 bankruptcy fueled a top team leader’s comeback
- Buyer’s market now in doubt as new listings tank 7.3%
- 10 hot strategies to help sell your listings this fall
- 3 unconventional ways to make open houses work harder for you
- As homebuyers gain leverage, sellers get cold feet. Is it happening near you?
More from Markets & EconomyMore posts in Markets & Economy »
More from median home priceMore posts in median home price »
More from mortgage ratesMore posts in mortgage rates »
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Is fall the new spring? Market winds may be shifting, NAR says
- How a government shutdown would affect real estate agents
- August existing-home sales may have been lowest in a decade
- New-home sales spiked in August to highest rate since 2022
More from SelectMore posts in Select »
- What real estate agents can learn from TikTok, Tylenol and Disney
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Former agent convicted of swindling woman out of her home
- Is fall the new spring? Market winds may be shifting, NAR says
- I’ve studied real estate marketing for 31 years. Here are 7 essentials for effective marketing campaigns
More from the federal reserveMore posts in the federal reserve »
- Why is the Fed cutting interest rates — and what happens next?
- Glenn Kelman: It’s ‘game on’ for the 2025 housing market
- Realtor.com’s Danielle Hale talks an ‘even bigger’ 2025 as rates drop
- 2 buyers scramble to make a deal as the spring market sprints ahead
- Mark McLaughlin: Client trust is all that matters — all else is ‘noise’
Be First to Comment