HouseCanary says a muted Spring buying season is likely to extend into the months ahead.
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Net new listings plummet by 15.3% compared to last year, amid lingering pressure and low inventory, predicting a slow spring season ahead.
September Market Pulse report shows significant decrease in net new listings, indicating a persistent seller's market trend.
Single-family rentals surge in popularity as inventory shrinks and federal rate hikes loom.
The market is also experiencing significant increases in listing removals year-over-year.
Elevated interest rates paired with housing market seasonality has driven declines in new inventory and listings.
HouseCanary Market Pulse reports finds big increases in home listings being removed, price drops.
'The current market environment is showing some initial signs of cooling.'
Demand has not yet subsided across much of the country.