{"id":79303,"date":"2025-02-13T05:30:30","date_gmt":"2025-02-13T13:30:30","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=79303"},"modified":"2025-02-12T15:10:04","modified_gmt":"2025-02-12T23:10:04","slug":"home-sales-fall-supply-rises","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/home-sales-fall-supply-rises\/","title":{"rendered":"January Brought More Homes for Sale. Few Were Bought."},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Housing supply rose to the highest level since 2020 in January, but housing demand fell to the lowest level since 2020 as mortgage rates hit an eight-month high.<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Sellers are making moves because they\u2019re tired of waiting for mortgage rates to fall, but buyers are skittish amid economic uncertainty and rising home prices, which are up 4% from last year.<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>The typical home that sold sat on the market for 56 days\u2014the longest of any January since 2020.<\/i><\/strong><b><br \/>\n<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Homebuyers have the most options since 2020, but few are biting because rising housing costs have made monthly payments tough to swallow.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pending home sales in January fell to the lowest level on record aside from the start of the pandemic. They dropped 4.2% month over month\u2014the largest decline on a seasonally adjusted basis since August 2023\u2014and 6.3% year over year. Redfin\u2019s records date back to 2012 unless otherwise noted.<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-VQssl\" style=\"border: none;\" title=\"Pending Home Sales Hit Lowest Level Since April 2020\" src=\"https:\/\/datawrapper.dwcdn.net\/VQssl\/1\/\" width=\"600\" height=\"425\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Column Chart\" data-external=\"1\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, active listings of homes for sale <\/span><i><span style=\"font-weight: 400;\">rose<\/span><\/i><span style=\"font-weight: 400;\"> to the highest level since early in the pandemic. They climbed 0.3% month over month on a seasonally adjusted basis in January and 12.9% year over year. New listings hit the highest level since July 2022, increasing 1.9% month over month and 4.7% year over year.<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-fvF5O\" style=\"border: none;\" title=\"Active Listings Hit Highest Level Since June 2020\" src=\"https:\/\/datawrapper.dwcdn.net\/fvF5O\/3\/\" width=\"600\" height=\"425\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Column Chart\" data-external=\"1\"><\/iframe><\/p>\n<p><b>Housing supply (listings) is increasing for a few key reasons:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>The mortgage rate lock-in effect is <\/b><a href=\"https:\/\/www.redfin.com\/news\/mortgage-rate-lock-in-effect-eases\/\" target=\"_blank\" rel=\"noopener\"><b>fading<\/b><\/a><span style=\"font-weight: 400;\">. A lot of homeowners who scored ultra-low mortgage rates during the pandemic have been staying put because moving would mean taking on a higher rate. But most people can\u2019t stay put forever.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Homes are <\/b><a href=\"https:\/\/www.redfin.com\/news\/unsold-housing-inventory-november-2024\/\" target=\"_blank\" rel=\"noopener\"><b>lingering<\/b><\/a><b> on the market<\/b><span style=\"font-weight: 400;\">. The typical home that sold in January was on the market for 56 days. That\u2019s a week longer than a year earlier, and marks the longest period for any January since 2020.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Demand is slowing.<\/b><span style=\"font-weight: 400;\"> Listings are also piling up because there are fewer people buying homes. Existing home sales fell 1.7% in January to a seasonally adjusted annual rate of 4.3 million\u2014the largest monthly decline since October 2023.\u00a0<\/span><\/li>\n<\/ul>\n<p><b>Housing demand (sales) is decreasing for a few key reasons:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Mortgage rates hit an eight-month high. <\/b><span style=\"font-weight: 400;\">The average interest rate on a 30-year-fixed mortgage was 6.96% in January, up from 6.72% a month earlier and the highest level since May. Plus, the median home sale price rose 4.1% from a year earlier to $418,581. That\u2019s 45% higher than the January before the pandemic.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Deals are falling through. <\/b><span style=\"font-weight: 400;\">Home purchases were canceled at the highest January rate in records dating back to 2017. Roughly 41,000 <\/span><span style=\"font-weight: 400;\">home-purchase agreements were canceled, equal to 14.3% of homes that went under contract last month. That\u2019s up from 13.4% a year earlier.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Economic uncertainty. <\/b><span style=\"font-weight: 400;\">Tariffs. Reductions in the federal workforce. Return to office mandates. Mortgage rate uncertainty. A lot is up in the air for a lot of Americans right now, and Redfin agents report this is giving buyers (and sellers) cold feet.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u201cI\u2019m seeing a lot more inventory hit the market than I have in past years, but it\u2019s not nearly enough,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/charles-wheeler\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Charles Wheeler<\/span><\/a><span style=\"font-weight: 400;\">, a <\/span><a href=\"https:\/\/www.redfin.com\/premier\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Redfin Premier<\/span><\/a><span style=\"font-weight: 400;\"> real estate agent in <a href=\"https:\/\/www.redfin.com\/city\/16904\/CA\/San-Diego\" target=\"_blank\" rel=\"noopener\">San Diego<\/a>. \u201cEconomic fears have been top of mind for people. I have sellers saying, \u2018I think we&#8217;re at the top of the market\u2014I\u2019m ready to cash out and put my money into another investment.\u2019 Buyers should know that they have a bit more negotiating power because there are more homes hitting the market. Sellers should know that since buyers have more negotiating power, they should make sure their home is polished and competitively priced if they want to sell it quickly.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s worth noting that price growth is roughly back to where it was before the pandemic, growing 4%-5% a year, as opposed to the double-digit increases we saw in 2021-2022. That\u2019s in part because supply and demand is more balanced; the housing shortage has slowly improved as more listings have come on the market. Still, prices continue to climb because, as Wheeler said, there still aren\u2019t enough homes for sale.<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-8IDem\" style=\"border: none;\" title=\"Home-Price Growth Returns to Pre-Pandemic Levels\" src=\"https:\/\/datawrapper.dwcdn.net\/8IDem\/1\/\" width=\"600\" height=\"422\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">\u201cOn a national scale, we\u2019re seeing an increase in people selling homes and decrease in people buying homes, bringing supply and demand closer to equilibrium. But the national snapshot masks a lot of regional variation,\u201d said Redfin Senior Economist <\/span><a href=\"https:\/\/www.redfin.com\/news\/author\/elijah-delacampa\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Elijah de la Campa<\/span><\/a><span style=\"font-weight: 400;\">. \u201cFor example, pending sales are rising from a year ago in expensive coastal markets like San Jose and Seattle, and posting double-digit declines in pandemic boomtowns like <a href=\"https:\/\/www.redfin.com\/city\/11458\/FL\/Miami\" target=\"_blank\" rel=\"noopener\">Miami<\/a> and <a href=\"https:\/\/www.redfin.com\/city\/30818\/TX\/Austin\" target=\"_blank\" rel=\"noopener\">Austin<\/a>. In <a href=\"https:\/\/www.redfin.com\/city\/13136\/NJ\/Newark\" target=\"_blank\" rel=\"noopener\">Newark<\/a>, active listings are near an all-time low, but in <a href=\"https:\/\/www.redfin.com\/city\/16657\/TX\/San-Antonio\" target=\"_blank\" rel=\"noopener\">San Antonio<\/a>, they\u2019re near a record high.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Winter storms in January may have also impacted sales in <\/span><a href=\"https:\/\/www.climate.gov\/news-features\/event-tracker\/historic-january-2025-snowstorm-southern-us\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">some areas<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">January 2025 Housing Market Highlights: United States<\/span><\/h3>\n<table>\n<thead>\n<tr>\n<th><\/th>\n<th><b>January 2025<\/b><\/th>\n<th><b>Month-over-month change<\/b><\/th>\n<th><b>Year-over-year change<\/b><\/th>\n<\/tr>\n<tr>\n<th><b>Median sale price<\/b><\/th>\n<th><span style=\"font-weight: 400;\">$418,581<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-2.0%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">4.1%<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Existing home sales, seasonally adjusted annual rate<\/b><\/th>\n<th><span style=\"font-weight: 400;\">4,279,856<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-1.7%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">2.4%<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Pending home sales, seasonally adjusted<\/b><\/th>\n<th><span style=\"font-weight: 400;\">455,163<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-4.2%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-6.3%<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Homes sold, seasonally adjusted<\/b><\/th>\n<th><span style=\"font-weight: 400;\">423,038<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-3.1%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">0.1%<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>New listings, seasonally adjusted<\/b><\/th>\n<th><span style=\"font-weight: 400;\">564,642<\/span><\/th>\n<th><span style=\"font-weight: 400;\">1.9%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">4.7%<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Total homes for sale, seasonally adjusted (active listings)<\/b><\/th>\n<th><span style=\"font-weight: 400;\">1,795,951<\/span><\/th>\n<th><span style=\"font-weight: 400;\">0.3%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">12.9%<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Months of supply<\/b><\/th>\n<th><span style=\"font-weight: 400;\">3.6<\/span><\/th>\n<th><span style=\"font-weight: 400;\">0.9<\/span><\/th>\n<th><span style=\"font-weight: 400;\">0.3<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Median days on market<\/b><\/th>\n<th><span style=\"font-weight: 400;\">56<\/span><\/th>\n<th><span style=\"font-weight: 400;\">6<\/span><\/th>\n<th><span style=\"font-weight: 400;\">7<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Share of homes sold above final list price<\/b><\/th>\n<th><span style=\"font-weight: 400;\">22.4%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-1.9 ppts<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-1.7 ppts<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Share of homes that went off market in two weeks<\/b><\/th>\n<th><span style=\"font-weight: 400;\">30.6%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">6 ppts<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-2.2 ppts<\/span><\/th>\n<\/tr>\n<tr>\n<th style=\"text-align: center;\"><b>Average sale-to-final-list-price ratio<\/b><\/th>\n<th style=\"text-align: center;\"><span style=\"font-weight: 400;\">98.2%<\/span><\/th>\n<th style=\"text-align: center;\"><span style=\"font-weight: 400;\">-0.3 ppts<\/span><\/th>\n<th style=\"text-align: center;\"><span style=\"font-weight: 400;\">-0.2 ppts<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><b>Pending sales that fell out of contract, as % of overall pending sales<\/b><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">14.3%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">-1.4 ppts<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">1.0 ppt<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><a href=\"https:\/\/fred.stlouisfed.org\/graph\/?g=1bnGA\" target=\"_blank\" rel=\"noopener\"><b>Monthly average 30-year fixed mortgage rate<\/b><\/a><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">6.96%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">0.24 ppts<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">0.32 ppts<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i><span style=\"font-weight: 400;\">Note: Data is subject to revision<\/span><\/i><\/p>\n<h3><span style=\"font-weight: 400;\">Metro-Level Highlights: January 2025<\/span><\/h3>\n<p><i><span style=\"font-weight: 400;\">The bullets below are based on a list of the 50 most populous U.S. metropolitan areas. Some metros may be removed from time to time to ensure data accuracy. A full metro-level data table can be found in the \u201cdownload\u201d tab of the dashboard in<\/span><\/i><i><span style=\"font-weight: 400;\"> the monthly section of the Redfin <\/span><\/i><a href=\"https:\/\/www.redfin.com\/news\/data-center\/\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400;\">Data Center<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">. <\/span><\/i><i><span style=\"font-weight: 400;\">Refer to our <\/span><\/i><a href=\"https:\/\/www.redfin.com\/news\/data-center-metrics-definitions\/\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400;\">metrics definition page<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> for explanations of metrics used in this report. Metro-level data is not seasonally adjusted. All changes below represent year-over-year changes.<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Prices: <\/b><span style=\"font-weight: 400;\">Median sale prices rose most from a year earlier in Pittsburgh (15.4%), St. Louis (13.2%) and Anaheim, CA (13.1%). They fell in four metros: Tampa, FL (-4%), Austin, TX (-3.7%), San Francisco (-2.2%) and Jacksonville, FL (-1.3%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Pending sales: <\/b><span style=\"font-weight: 400;\">Pending sales rose most in Portland, OR (11.4%), San Jose, CA (8.2%) and Milwaukee (4.7%). They fell most in Detroit (-19.2%), Miami (-18.1%) and Atlanta (-17.4%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Closed home sales:<\/b><span style=\"font-weight: 400;\"> Home sales rose most in Portland, OR (12.8%), Providence, RI (10%) and Boston (9.9%). They fell most in Detroit (-11.3%), Miami (-9.4%) and Fort Lauderdale, FL (-8.2%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>New listings: <\/b><span style=\"font-weight: 400;\">New listings rose most in Seattle (30.8%), Oakland, CA (27.7%) and Sacramento, CA (25%). They fell most in Kansas City, MO (-11.2%), Detroit (-9.1%) and Pittsburgh (-8.4%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Active listings:<\/b><span style=\"font-weight: 400;\"> Active listings rose most in Oakland (31.1%), Seattle (29.1%) and Cincinnati (28.1%). They fell in six metros, with the largest declines in New York (-3.9%), Newark, NJ (-1.9%) and Chicago (-1.5%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Sold above list price:<\/b><span style=\"font-weight: 400;\"> In Newark, 56.7% of homes sold above their final list price, the highest share among the metros Redfin analyzed. Next came San Jose (52.7%) and Nassau County, NY (49%). The lowest shares were in West Palm Beach, FL (5.5%), Fort Lauderdale (5.9%) and Miami (7.5%).\u2014<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Housing supply rose to the highest level since 2020 in January, but housing demand fell to the lowest level since 2020 as mortgage rates hit an eight-month high. Sellers are making moves because they\u2019re tired of waiting for mortgage rates to fall, but buyers are skittish amid economic uncertainty and rising home prices, which are [&hellip;]<\/p>\n","protected":false},"author":13346,"featured_media":73490,"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":[8,22],"tags":[32,623],"coauthors":[125],"class_list":["post-79303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","category-market-tracker","tag-housing-market-tracker","tag-national"],"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 and Demand Both Hit Levels Not Seen Since 2020<\/title>\n<meta name=\"description\" content=\"The typical home that sold in January sat for 56 days\u2014the longest of any January since 2020\u2014as mortgage rates hit an 8-month high.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/home-sales-fall-supply-rises\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"January Brought More Homes for Sale. Few Were Bought.\" \/>\n<meta property=\"og:description\" content=\"The typical home that sold in January sat for 56 days\u2014the longest of any January since 2020\u2014as mortgage rates hit an 8-month high.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/home-sales-fall-supply-rises\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-13T13:30:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2021\/12\/home.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lily Katz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lily Katz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/home-sales-fall-supply-rises\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/home-sales-fall-supply-rises\\\/\"},\"author\":{\"name\":\"Lily Katz\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/61b1278179ed9d76570212c0c595396f\"},\"headline\":\"January Brought More Homes for Sale. 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