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Home Listings Surge 8% Amid Rising Prices and Rates

1/4/2025

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Summary

Story summary

New home listings increased by 8% year-over-year, with total homes for sale up by 10% as of December 29, 2024.
Mortgage rates are close to 7%, contributing to a 1.1% decline in pending home sales.
The median sale price rose to $383,750, reflecting a 6.4% increase, with active listings at 905,822.
Homebuyer demand is stable, despite a 52% drop in touring activity since the beginning of the year.

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Story summary

New home listings increased by 8% year-over-year, with total homes for sale up by 10% as of December 29, 2024.
Mortgage rates are close to 7%, contributing to a 1.1% decline in pending home sales.
The median sale price rose to $383,750, reflecting a 6.4% increase, with active listings at 905,822.
Homebuyer demand is stable, despite a 52% drop in touring activity since the beginning of the year.