Weekly Housing Market Monitor: September 6-9, 2021

Market Report provided by NAR

Housing demand is easing while supply is somewhat improving, narrowing the demand-supply gap. Preliminary data shows that contract signings (pending sales) fell 7.1% from one year ago. New listings during this same period fell at a slower rate of 5.9%. The pending listings inventory was down 6% from one year ago. The level of active listings has been improving, but active listings inventory is still down 22% from one year ago.