By mid-2025, supply growth in the housing market is leveling off, following an increase in inventory earlier. Annual growth in active listings is stable at around 27%. Although new listings have increased by 9.3% compared to last year, the growth rate is slowing, indicating decreasing seller momentum. Home prices have flattened, and homes are taking longer to sell. Falling mortgage rates have spurred buyer interest, with mortgage applications rising significantly compared to previous weeks and last year. Delistings have surged, indicating potential instability in market dynamics.
"Despite steady gains in new listings and active inventory, the pace of improvement appears to be plateauing, a sign that the summer market may be stabilizing rather than accelerating."
"New listings posted another year-over-year gain, but the pace of growth has flattened, signaling that seller momentum may be losing steam."
"Purchase applications were also up 25% compared with a year ago, offering renewed hope for a stronger summer home sales season."
"Annual growth in active listings, while still positive, has settled in at close to 27% for each of the past three weeks."
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