Current State of the Housing Market; Overview for mid-January

A Sharp Decline in Sales, House Prices and Rents Falling

New Listings Have Declined Significantly

Here is a graph of new listing from Realtor.com’s December Housing Trends Report showing new listings were down about 21% year-over-year in December.

And the local markets I track that have reported so far, show new listings were down more in December than in November.

For these areas, new listings were down 33.4% Y…