New Tip: Sluggish net new listings signal that the lock-in effect is not over
Shared By Real Estate Guide...
In January, the real estate market saw a 17.5 percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary. Despite a rise in total inventory compared to 2022 and 2023, the market is still behind historical inventory averages as sellers avoid entering a higher rate environment.
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Source: Inman
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