Weekly Housing Market Monitor: February 15-18

Market Report provided by NAR

Contracts signed (pending sales) during the past four weeks ending February 14 rose at a slower annual pace of 7% from one year ago (9% in the prior week). New listings during the past four weeks declined 12% from one year ago (- 10% in the prior week). There are nearly 10 new contract signings per every 10 new listing, so any new inventory does not sit long on the market.