New Home Listings See Sharpest Drop in More Than 2 Years -- Market Talk

Dow Jones12-11

1010 ET - New listings of U.S. homes for sale fell 1.7% year-over-year during the four weeks ending December 7, Redfin says, the biggest decline in more than two years. Would-be home sellers are pulling back partly because it's the end of the year, typically a slow season for the housing market, and partly because they're reacting to lackluster homebuying demand. Pending home sales are down 4.1% from a year ago. The homes that are selling are taking a long time to do so: The typical home that goes under contract is doing so in 51 days, roughly a week longer than last year. Prospective homebuyers have been hesitant for many months, spooked by widespread economic uncertainty and high housing costs. The median home-sale price is up 2%, with prices rising despite slow demand partly because of tightening inventory. (chris.wack@wsj.com)

(END) Dow Jones Newswires

December 11, 2025 10:10 ET (15:10 GMT)

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