Lack Of Inventory Keeping Home Prices From Falling Faster: Redfin
For the four-week period ended April 23, new listings of homes for sale fell 22.4%.
For the four-week period ended April 23, new listings of homes for sale fell 22.4%.
Relatively high mortgage rates kept new listings at record low in February, frustrating buyers.
Housing inventory levels increased year over year for the 10th consecutive month.
The market is also experiencing significant increases in listing removals year-over-year.
In January, inventories rose and price-growth leveled off as mortgage rates continued to decline.
For all of 2022, sales of new homes fell 16.4%.
Realtor.com report finds price growth eased to high single-digit territory in December.
Active homes for sale post a record year-over-year increase.