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For the four-week period ended April 23, new listings of homes for sale fell 22.4%.
Redfin said the 25% decline for the four weeks ended April 9 was the biggest since the start of the pandemic.
Redfin says its Homebuyer Demand Index jumped to its highest level since last May.
Says spring home-sale season starts with steady demand, but lack of listings holds back sales.
Redfin says the typical down payment was $42,375, the lowest in nearly 2 years.
