September Market Pulse report shows significant decrease in net new listings, indicating a persistent seller's market trend.
Tagged: Home Sales
Buyers cautious amidst high mortgage rates and limited inventory; Redfin reports year's highest sales yet 15.7% below 2022 numbers.
Profit margins on typical sales nationwide increased after 3 quarterly declines.
Quick increase in mortgage rates has kept buyers and sellers on the sidelines.
Median price is down just 0.9% YOY, the smallest decline in nearly four months.
Housing inventory slipping, prices declining as real estate company walks back its sunny November predictions.
High mortgage rates preventing homebuyers and sellers from entering the market.
Says May's 1.4M homes for sale was the lowest ever in its records.
Redfin says demand is high, but so are mortgage rates, which are keeping sellers on the sidelines.
For the four-week period ended April 23, new listings of homes for sale fell 22.4%.