Fewer Homeowners Are Listing as Spring Market Ends With a Whimper, Not a Bang
Redfin reported that new listings fell 1.7% week-over-week to their lowest level since February, indicating a sluggish end to the spring housing market. While pending sales are up 4.2% year-over-year, they declined 0.1% from the prior week as high mortgage rates and record home prices suppress demand.
Key figures
- Months of supply
- 3.5
- New listings wow
- -1.7%
- New listings yoy
- 1.5%
- Median sale price
- 408814
- Mortgage rate avg
- 6.47%
- Pending sales wow
- -0.1%
- Pending sales yoy
- 4.2%
- Active listings yoy
- 0.4%
- Median sale price yoy
- 2.5%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.