Weekly Housing Market Monitor: July 5- 8, 2021

Market Report provided by NAR

New contract signings fell by 4.8% from one year ago. Meanwhile, more new listings came into the market, with new listings in the past four weeks up 6.2% from one year ago. However, there is still a large demand-supply gap: total active listings are down 31% from one year ago while total pending listings are up 13% yearover-year.