Builder
Realtor.com’s weekly housing trends report for the week ending May 9, out Thursday, shows sellers are beginning to return to the market.
After several weeks of near 40% declines year-over-year, new listings made a big jump towards positive territory last week with a -29% decline year-over-year.
“While new listings are still declining on a yearly basis, last week’s jump shows some sellers are ready for a summer home sale — a positive sign for the market,” said Danielle Hale, chief economist for realtor.com. “But despite this uptick, time on market continues to increase and there’s a long road ahead to getting back to last year’s pace of new sellers.”
