Home Listings and Pending Sales Drop as Sellers Retreat, Rocket Reports

Reuters12-22 21:02
Home Listings and Pending Sales Drop as Sellers Retreat, Rocket Reports

Rocket Companies Inc. has released a market analysis highlighting a significant retreat by home sellers, with active home listings falling 1.4% month over month in November—the largest drop since June 2023 on a seasonally adjusted basis. New listings also declined by 2.2%, reaching the lowest level since April 2024. The report attributes this trend to both sellers and buyers pulling back amid persistently high housing costs and economic uncertainty. Pending home sales dropped 2.5%, marking the steepest decline since December 2024, and homes that did sell spent more days on the market, with the typical property selling for 1.6% less than its final list price—the largest November discount in six years. While the median U.S. home sale price edged up 0.7% year over year to $433,222, this represents the slowest price growth since June 2023, aside from a marginally slower period in May. The analysis underscores that sellers need to price homes competitively to generate buyer interest in the current market climate.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251222938908) on December 22, 2025, and is solely responsible for the information contained therein.
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