Weekly Housing Market Monitor: March 1-4, 2021

Market Report provided by NAR
pdf

With fewer listings on the market, contracts signed (pending sales) during the past four weeks ending February 28 were 1% lower compared to the level one year ago (2% y/y in the prior week). New listings during the past four weeks declined 16% from one year ago (-15% y/y in the prior week). Demand is strong, but there’s little new supply coming in: there are nearly 10 new contract signings per every 10 new listing, so any new inventory does not sit long on the market.

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