The total number of unsold homes on the market to start 2025 is just 18% fewer than at the start of 2018, indicating a slow market recovery.
The competition is almost completely gone now and the immediate sales are finally almost all gone, too. We counted only 2,700 immediate sales this week.
About 13% of the new listings are sold immediately now. That’s down from 35% during the pandemic when one in every three homes was sold immediately.
The total count of pending home sales is still 35% fewer than when we started 2022 at the end of the pandemic, showing slow demand growth.
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