Current State of the Housing Market: Overview for mid-February

A Sharp Decline in Sales, House Prices and Rents Falling, but a Smaller Decline in New Listings

New Listings at Record Low

Here is a graph of new listing from Realtor.com’s January Housing Trends Report showing new listings were down about 5% year-over-year in January. Although new listings are at a record low for January, the year-over-year decline was smaller in January than in Q4 2022. From Realtor.com:

In January, the number of homes newly-lis…