Housing Market News
Fewer Homes for Sale in September; Declining Number of Listings Holds Back Home Sales
New listings of homes for sale fell 9% from a year earlier and closed home sales were down 5%.
Home Sales Fell 6% in August, the First Annual Decline in 15 Months
However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market.
July Marked 12 Straight Months of Double-Digit Price Increases
Still, housing market conditions improved slightly for homebuyers as competition eased off from the records set in June.
Home Sales Dipped 1.2% From May to June, the Largest Late-Spring Decline Since At Least 2012
Still, homes sold at their fastest pace and for their highest prices on record.
Over Half of Homes Sold Above List Price in May for the First Time On Record
Home prices were up 24%, a record high due to the dip in home prices at the start of the pandemic a year earlier.
Buyers in Indianapolis, Omaha and Seattle are Snapping Up Homes in 5 Days or Less
Homes in Portland, OR and Denver are also selling in a handful of days. In Austin, 74% sold above list price. Nationwide, almost half of
Homebuyers Are Scoring the Biggest Autumn Discounts Since 2019
The typical home that sold last month went for 1.4% less than its final list price—the biggest September discount in six years—as a slow housing
Housing Supply Drops Most in 2 Years as Sluggish Demand Spooks Sellers
Active listings fell 1.4% in August—the biggest decline since 2023—as homebuying anxiety spilled over to sellers. Mortgage rates dropped to the lowest level in about
Homes Are Selling at the Slowest Summer Pace in a Decade
The typical home that went under contract in July sat on the market for 43 days—the longest July span since 2015—as pending sales hit a
New Listings of U.S. Homes Fall to Lowest Level in Nearly Two Years
Sluggish homebuying demand and a pileup of inventory are deterring prospective home sellers, some of whom are opting to rent their homes out instead of
Home Prices Grow at Slowest Pace in Nearly 2 Years
Home prices, while at a record high for this time of year, are growing at the slowest clip since 2023 because sellers outnumber buyers. Active
Spring Homebuying Season Sputters as Supply Jumps to 5-Year High, Existing-Home Sales Drop to 6-Month Low
Sales of existing homes dropped to a seasonally adjusted annual rate of 4,196,707 in April, and pending sales fell the most since 2023. The supply