Weekly Housing Market Monitor: February 1-4 2021

Market Report provided by NAR
pdf

Preliminary data on contracts signed (pending sales) during the past four weeks ending January 31 rose at a slightly faster annual pace of 9% (7% in the prior week) as the pace of listings (active and pending) also picked up. The number of new listings (active and pending) of properties during the past four weeks ending January 31 is 10% lower from one year ago, but this is a smaller rate of decline compared to last week’s rate of change (-12%). There are nearly 10 new contract signings per every 10 new listing, so any new inventory does not sit long on the market.

Download