Listings continue to rise

For the 13th consecutive week new listings increased (3.4%) from a year ago, down a bit from the previous week’s 7% growth rate, but strong nevertheless. Active listings (old and new homes for sale) were up 8.6% as compared with 2023.

While prices increased by 1.9% compared with last year, the growth in prices was actually down from the previous week.

While mortgage rates dropped to 6.69%, most analysts don’t expect the Fed to actually cut rates until this spring or summer.

Fianlly, home buyers are moving quickly with the average listing four days less than a year ago.

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