{"id":79286,"date":"2025-02-13T05:00:21","date_gmt":"2025-02-13T13:00:21","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=79286"},"modified":"2025-02-12T14:09:58","modified_gmt":"2025-02-12T22:09:58","slug":"housing-market-update-listings-piling-up-pending-sales-falling","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/housing-market-update-listings-piling-up-pending-sales-falling\/","title":{"rendered":"Housing Supply Is Piling Up As Home Sellers Enter the Market But Buyers Stay on Sidelines"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">New listings are up 7.4% from a year earlier, while pending sales are down 6%. Sales are slow mostly because of high home prices and mortgage rates.\u00a0<\/span><\/i><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">In Washington, D.C. and other places with a high concentration of government workers, Redfin agents report some buyers and sellers are changing plans due to uncertainty about their jobs.\u00a0<\/span><\/i><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">In Los Angeles, pending sales rose after five weeks of declines, possibly due to an influx of affluent buyers who lost their homes in recent wildfires.\u00a0<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">There are five months of for-sale supply on the market nationwide, up from 4.4 months a year earlier and the most since early 2019. Inventory is piling up because more sellers are listing their homes while fewer buyers are wading into the market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">New listings rose 7.4% year over year during the four weeks ending February 9, hitting their highest level for any comparable time period since 2022. Just after this time in 2022, mortgage rates started rising quickly,\u00a0 encouraging many homeowners to stay put to hold onto low rates. Now, that lock-in effect is <\/span><a href=\"https:\/\/www.redfin.com\/news\/mortgage-rate-lock-in-effect-eases\/\"><span style=\"font-weight: 400;\">starting to ease<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pending home sales, meanwhile, fell 6%, similar to the declines we\u2019ve seen since the start of the year. The typical home that sold in that period took 57 days to go under contract\u2013the longest span since March 2020, when the onset of the pandemic nearly ground the housing market to a halt. Sales are slow mostly because housing costs are high, with the median monthly housing payment sitting just $46 below its all-time high. Home-sale prices are up 4.3% year over year, and the weekly average mortgage rate is <\/span><a href=\"https:\/\/www.freddiemac.com\/pmms\"><span style=\"font-weight: 400;\">6.89%<\/span><\/a><span style=\"font-weight: 400;\">, down slightly from a week earlier but still more than double the average pre-pandemic and early-pandemic rates.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But more homebuyers may come out of the woodwork soon. Redfin\u2019s Homebuyer Demand Index\u2013<\/span><span style=\"font-weight: 400;\">a measure of tours and other buying services from Redfin agents\u2013is up slightly from the six-month low it dropped to in late January, and agents report they\u2019re seeing more house hunters.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cI\u2019ve met with a lot of potential sellers over the last few weeks. Listings typically pick up in March or April, but this year it\u2019s happening earlier,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/fernanda-kriese\"><span style=\"font-weight: 400;\">Fernanda Kriese<\/span><\/a><span style=\"font-weight: 400;\">, a Redfin Premier agent in Las Vegas. \u201cSome of the sellers are listing because they bought just a few years ago and their home value isn\u2019t increasing as quickly as they\u2019d like, so they\u2019re cutting their losses and moving to a less expensive home. Some are retirees who are downsizing. Buyers have been sidelined this year because of high mortgage rates and uncertainty surrounding politics and the economy, but some are starting to come off the fence.\u201d<\/span><\/p>\n<h3>Redfin agents report uncertainty among buyers and sellers in areas with a lot of federal employees<\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Redfin agents in Washington, D.C. and other places with a high concentration of government workers report that the new presidential administration is impacting local housing markets. Return-to-office <\/span><a href=\"https:\/\/www.fox5dc.com\/news\/traffic-parking-concerns-thousands-federal-employees-prepare-return-office\"><span style=\"font-weight: 400;\">mandates<\/span><\/a><span style=\"font-weight: 400;\"> for federal workers, and <\/span><a href=\"https:\/\/www.usatoday.com\/story\/news\/politics\/2025\/02\/06\/trump-federal-workforce-fork-buyout-deadline-musk\/78057990007\/\"><span style=\"font-weight: 400;\">uncertainty<\/span><\/a><span style=\"font-weight: 400;\"> about whether certain government employees will keep their job, are motivating some people to buy new homes, but discouraging others from buying or selling.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u201cI recently worked with a couple who bought their dream home with me a few years ago, but now they\u2019re considering listing because they want to be closer to public transportation. They both work for the government, and want a more convenient commute because they\u2019ll need to return to in-person work soon.\u201d\u00a0 \u2013<\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/stuart-naranch\"><span style=\"font-weight: 400;\">Stuart Naranch<\/span><\/a><span style=\"font-weight: 400;\">, Redfin Premier agent in Washington, D.C.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u201cSince the inauguration, I\u2019ve met with a few people, including one federal government employee, who are selling specifically because of anticipated return-to-office orders. I also spoke to a client who was looking to sell and upgrade to a larger home, but he canceled those plans because he\u2019s worried about losing his job due to restructuring of government jobs.\u201d \u2013<\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/jo-chavez\"><span style=\"font-weight: 400;\">Jo Chavez<\/span><\/a><span style=\"font-weight: 400;\">, Redfin Premier agent in Kansas City, MO<\/span><\/li>\n<\/ul>\n<h3>Pending sales are ticking up in Los Angeles after wildfires<\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Pending home sales in the Los Angeles metro rose 3.4% year over year during the four weeks ending February 9, the first increase after five weeks of declines.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s possible the uptick stems from the Palisades and Eaton fires, which <\/span><a href=\"https:\/\/www.redfin.com\/news\/los-angeles-wildfires-housing-statistics\/\"><span style=\"font-weight: 400;\">destroyed thousands of homes<\/span><\/a><span style=\"font-weight: 400;\"> in the Los Angeles area in early January. Some affluent people who were displaced by the fires may be buying new homes. Please note that this is just one early data point; we will keep an eye on the Los Angeles market to see how pending sales and listings shake out over the next several months.\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">For Redfin economists\u2019 takes on the housing market, please visit Redfin\u2019s \u201c<\/span><\/i><a href=\"https:\/\/www.redfin.com\/news\/from-our-economists\/\"><i><span style=\"font-weight: 400;\">From Our Economists<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">\u201d page.<\/span><\/i><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3>Leading indicators<\/h3>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"5\"><b>Indicators of homebuying demand and activity<\/b><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><b>Value (if applicable)<\/b><\/td>\n<td><b>Recent change<\/b><\/td>\n<td><b>Year-over-year change<\/b><\/td>\n<td><b>Source<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Daily average 30-year fixed mortgage rate<\/b><\/td>\n<td><span style=\"font-weight: 400;\">7.13% (Feb. 12)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Up from 6.99% a week earlier to highest level in a month<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Up from 6.97%<\/span><\/td>\n<td><a href=\"https:\/\/www.mortgagenewsdaily.com\/mortgage-rates\/30-year-fixed\"><span style=\"font-weight: 400;\">Mortgage News Daily\u00a0<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><b>Weekly average 30-year fixed mortgage rate<\/b><\/td>\n<td><span style=\"font-weight: 400;\">6.89% (week ending Feb. 6)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 7.04% 3 weeks earlier<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Up from 6.64%<\/span><\/td>\n<td><a href=\"https:\/\/www.freddiemac.com\/pmms\"><span style=\"font-weight: 400;\">Freddie Mac<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><b>Mortgage-purchase applications (seasonally adjusted)<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Down 2%\u00a0 from a week earlier (as of week ending Feb. 7)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Up 2%<\/span><\/td>\n<td><a href=\"https:\/\/www.mba.org\/news-and-research\/newsroom\/news\/2025\/02\/12\/mortgage-applications-increase-in-latest-mba-weekly-survey\"><span style=\"font-weight: 400;\">Mortgage Bankers Association<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Redfin Homebuyer Demand Index (seasonally adjusted)<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Up 3% from late January\u2019s 6-month low\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(as of week ending Feb. 9)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Up 6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Redfin Homebuyer Demand Index, a measure of tours and other homebuying services from Redfin agents<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Touring activity<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Up 13% from the start of the year (as of Feb. 10)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">At this time last year, it was up 17% from the start of 2024<\/span><\/td>\n<td><a href=\"https:\/\/showingtimeplus.com\/daily-showing-activity\"><span style=\"font-weight: 400;\">ShowingTime<\/span><\/a><span style=\"font-weight: 400;\">, a home touring technology company<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Google searches for \u201chome for sale\u201d<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Essentially unchanged from a month earlier (as of Feb. 10)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Essentially unchanged<\/span><\/td>\n<td><a href=\"https:\/\/trends.google.com\/trends\/explore?date=today%205-y&amp;geo=US&amp;q=homes%20for%20sale#cmpt=q\"><span style=\"font-weight: 400;\">Google Trends\u00a0<\/span><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Key housing-market data<\/h3>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"4\"><b>U.S. highlights: Four weeks ending Feb. 9, 2025<\/b><\/p>\n<p><i><span style=\"font-weight: 400;\">Redfin\u2019s national metrics include data from 400+ U.S. metro areas, and are based on homes listed and\/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision.\u00a0<\/span><\/i><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><b>Four weeks ending Feb. 9, 2025<\/b><\/td>\n<td><b>Year-over-year change<\/b><\/td>\n<td><b>Notes<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Median sale price<\/b><\/td>\n<td><span style=\"font-weight: 400;\">$375,750<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.3%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Median asking price<\/b><\/td>\n<td><span style=\"font-weight: 400;\">$409,563<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.4%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Median monthly mortgage payment<\/b><\/td>\n<td><span style=\"font-weight: 400;\">$2,753 at a 6.89% mortgage rate<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$46 shy of all-time high<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Pending sales<\/b><\/td>\n<td><span style=\"font-weight: 400;\">70,008<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-6%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>New listings<\/b><\/td>\n<td><span style=\"font-weight: 400;\">78,828<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Biggest increase in 6 weeks<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Active listings<\/b><\/td>\n<td><span style=\"font-weight: 400;\">902,657<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Smallest increase in nearly a year<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Months of supply\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">5<\/span><\/td>\n<td><span style=\"font-weight: 400;\">+0.6 pts. to longest span since early 2019 (tied with 4 weeks ending Jan. 19 and Jan. 26)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4 to 5 <\/span><a href=\"https:\/\/www.redfin.com\/definition\/monthsof-supply\"><span style=\"font-weight: 400;\">months of supply<\/span><\/a><span style=\"font-weight: 400;\"> is considered balanced, with a lower number indicating seller\u2019s market conditions\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Share of homes off market in two weeks\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">31.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 34%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Median days on market<\/b><\/td>\n<td><span style=\"font-weight: 400;\">57<\/span><\/td>\n<td><span style=\"font-weight: 400;\">+7 days to longest span since March 2020<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Share of homes sold above list price<\/b><\/td>\n<td><span style=\"font-weight: 400;\">20.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 23%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Average sale-to-list price ratio\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">98%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 98.1%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<thead>\n<tr>\n<th colspan=\"4\">\n<p style=\"text-align: left;\"><b>Metro-level highlights: Four weeks ending Feb. 9, 2025<\/b><\/p>\n<p style=\"text-align: left;\"><i><span style=\"font-weight: 400;\">Redfin\u2019s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.\u00a0<\/span><\/i><\/p>\n<\/th>\n<\/tr>\n<tr>\n<th style=\"text-align: left;\"><\/th>\n<th style=\"text-align: left;\"><b>Metros with biggest year-over-year increases<\/b><\/th>\n<th style=\"text-align: left;\"><b>Metros with biggest year-over-year decreases<\/b><\/th>\n<th>\n<p style=\"text-align: left;\"><b>Notes<\/b><\/p>\n<\/th>\n<\/tr>\n<tr>\n<th style=\"text-align: left;\"><b>Median sale price<\/b><\/th>\n<th style=\"text-align: left;\"><span style=\"font-weight: 400;\">Pittsburgh (14.8%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nassau County, NY (12.2%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">West Palm Beach, FL (11.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">New Brunswick, NJ (11%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cincinnati, OH (10.8%)<\/span><\/th>\n<th style=\"text-align: left;\"><span style=\"font-weight: 400;\">Austin, TX (-4.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tampa, FL (-2.1%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Warren, MI (-0.2%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jacksonville, FL (-0.1%)<\/span><\/th>\n<th>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Declined in 4 metros<\/span><\/p>\n<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><b>Pending sales<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Oakland, CA (47.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">San Francisco (28%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Portland, OR (12.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Milwaukee (5.2%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Anaheim, CA (4.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Los Angeles (3.4%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Miami (-23.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Houston (-19.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Atlanta (-19.4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jacksonville, FL (-18.4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">San Antonio (-16.9%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Increased in 6 metros<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>New listings<\/b><\/td>\n<td><span style=\"font-weight: 400;\">San Jose, CA (32.8%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oakland, CA (32.3%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Phoenix (23.2%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Los Angeles (23%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nashville, TN (21.6%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Detroit (-20.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Warren, MI (-13.6%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">New York (-12.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Newark, NJ (-10.6%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Chicago (-9.4%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Declined in 17 metros<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Refer to our <\/span><a href=\"https:\/\/www.redfin.com\/news\/data-center-metrics-definitions\/\"><span style=\"font-weight: 400;\">metrics definition page<\/span><\/a><span style=\"font-weight: 400;\"> for explanations of all the metrics used in this report.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-79287 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sale-price-212.png\" alt=\"\" width=\"895\" height=\"672\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sale-price-212.png 895w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sale-price-212-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sale-price-212-768x577.png 768w\" sizes=\"(max-width: 895px) 100vw, 895px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-79288 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/asking-price-212.png\" alt=\"\" width=\"895\" height=\"669\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/asking-price-212.png 895w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/asking-price-212-300x224.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/asking-price-212-768x574.png 768w\" sizes=\"(max-width: 895px) 100vw, 895px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-79289 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/housing-payments-212.png\" alt=\"\" width=\"897\" height=\"674\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/housing-payments-212.png 897w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/housing-payments-212-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/housing-payments-212-768x577.png 768w\" sizes=\"(max-width: 897px) 100vw, 897px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79290 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/pending-sales-212.png\" alt=\"\" width=\"896\" height=\"670\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/pending-sales-212.png 896w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/pending-sales-212-300x224.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/pending-sales-212-768x574.png 768w\" sizes=\"(max-width: 896px) 100vw, 896px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79291 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/new-listings-212.png\" alt=\"\" width=\"898\" height=\"673\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/new-listings-212.png 898w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/new-listings-212-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/new-listings-212-768x576.png 768w\" sizes=\"(max-width: 898px) 100vw, 898px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79292 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/active-listings-212.png\" alt=\"\" width=\"894\" height=\"674\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/active-listings-212.png 894w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/active-listings-212-300x226.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/active-listings-212-768x579.png 768w\" sizes=\"(max-width: 894px) 100vw, 894px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79293 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/mos-212.png\" alt=\"\" width=\"895\" height=\"671\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/mos-212.png 895w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/mos-212-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/mos-212-768x576.png 768w\" sizes=\"(max-width: 895px) 100vw, 895px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79294 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/two-weeks-212.png\" alt=\"\" width=\"895\" height=\"669\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/two-weeks-212.png 895w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/two-weeks-212-300x224.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/two-weeks-212-768x574.png 768w\" sizes=\"(max-width: 895px) 100vw, 895px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79295 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/dom-212.png\" alt=\"\" width=\"900\" height=\"671\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/dom-212.png 900w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/dom-212-300x224.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/dom-212-768x573.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79296 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sold-above-list-212.png\" alt=\"\" width=\"896\" height=\"672\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sold-above-list-212.png 896w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sold-above-list-212-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sold-above-list-212-768x576.png 768w\" sizes=\"(max-width: 896px) 100vw, 896px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79297 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sale-to-list-212.png\" alt=\"\" width=\"896\" height=\"671\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sale-to-list-212.png 896w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sale-to-list-212-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/sale-to-list-212-768x575.png 768w\" sizes=\"(max-width: 896px) 100vw, 896px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79298 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/demand-index-212.png\" alt=\"\" width=\"898\" height=\"670\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/demand-index-212.png 898w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/demand-index-212-300x224.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/demand-index-212-768x573.png 768w\" sizes=\"(max-width: 898px) 100vw, 898px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New listings are up 7.4% from a year earlier, while pending sales are down 6%. Sales are slow mostly because of high home prices and mortgage rates.\u00a0 In Washington, D.C. and other places with a high concentration of government workers, Redfin agents report some buyers and sellers are changing plans due to uncertainty about their [&hellip;]<\/p>\n","protected":false},"author":13153,"featured_media":79299,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,615],"tags":[623,655,654],"coauthors":[124],"class_list":["post-79286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","category-weekly-market-update","tag-national","tag-weekly-market-tracker","tag-weekly-market-update"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Housing Supply Is Piling Up As Home Sellers Enter the Market But Buyers Stay on Sidelines<\/title>\n<meta name=\"description\" content=\"In Washington, D.C. and other places with a high concentration of government workers, Redfin agents report some buyers and sellers are changing plans due to uncertainty about their jobs. 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