New home listings in the U.S. have increased by 6.2% compared to last year, with Las Vegas showing the most significant rise at 77.6%. Buyer demand is cooling because of high-interest rates, impacting affordability. A mix of sellers is active, including retirees moving closer to family and investors cashing out. Inventory growth is evident across all regions, particularly in the West, South, Midwest, and Northeast. However, new listings peaked in April and have been declining, indicating a slowdown in market momentum as sellers hesitate to list their homes.
"New home listings continue to flood the market, giving buyers more options than this time last year-and Las Vegas leads the pack."
"The fresh data from Realtor.com reveals new listings peaked in April and have declined in each of the last two months-a sign that listing momentum is slowing as potential sellers pull back from the market."
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