Home sellers are re-listing properties at the fastest pace in a decade
CNBC • • general
Key Points:
- The spring housing market shows cautious optimism as nearly 45,000 homes relisted in January, the highest January figure in a decade, indicating sellers are re-entering the market after pulling back last year.
- In September 2024, a record 85,000 sellers delisted their homes due to high mortgage rates, elevated home prices, and economic uncertainty, which dampened buyer activity and shifted market power away from sellers.
- Inventory levels have increased nationally by 7.9% year-over-year in February but have been declining for nine consecutive months, remaining 17% below pre-pandemic levels, with supply improvements mainly in the South and West and lower-priced homes.
- Experts note that while inventory gains have slowed,
