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
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