Posted 2/29/2024, 1:09:59 PM
Home Listings Up But Buyers Pull Back as Prices and Mortgages Stay High
- New listings jumped 13% year-over-year, the biggest increase in nearly 3 years, improving inventory
- Pending sales dropped 8% as high costs pushed buyers back, despite more searching for homes
- Median sale price up 5.4% year-over-year; monthly mortgage payment just below record high
- Dallas, Jacksonville, and Austin saw huge 35-31% spikes in new listings
- San Antonio pending sales plunged 30%; Newark, Atlanta, and Houston also saw double-digit drops