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

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

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Feb 14, 2023
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CalculatedRisk Newsletter
CalculatedRisk Newsletter
Current State of the Housing Market: Overview for mid-February
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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…

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