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Top of Mind

More Home Sellers, Fewer Sales (1/13/25 Market Update)

Jan 14, 2025
The podcast digs into the current U.S. housing market, highlighting a surge in single-family home listings. Rising mortgage rates are shaking up buyer activity, while recent disasters in California further complicate dynamics. Analysts predict interesting changes in supply and demand as the market evolves. The data-driven insights provide a clear picture of future trends, leaving listeners with a deeper understanding of what to expect.
16:09

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Quick takeaways

  • An increase in new listings shows more sellers entering the market, potentially restoring inventory to historical norms quickly.
  • Despite increased listings, high mortgage rates are causing a decline in home sales, creating pressure on prices amidst changing demand.

Deep dives

Increasing Seller Activity

This week saw a significant increase in new listings for single-family homes, totaling 45,000, representing a 12% rise compared to the same time last year. This upward trend indicates that more sellers are entering the market, which could lead to an increase in overall inventory in the coming years. If this trend continues, it may return inventory levels to historical norms much quicker than anticipated. An increase in seller activity could lead to price pressure if demand does not keep pace with the influx of new listings.

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