New home listings in the United States fell at their fastest pace in more than two years in early December as both buyers and sellers grew more cautious heading into the end of the year, according to real estate brokerage Redfin.
New listings declined 1.7 percent in the four weeks ending Dec. 7, a period when activity normally cools but which this year saw an unusually sharp pullback, Redfin said on Dec. 11.
Many homeowners are choosing to delay selling because demand has weakened and economic uncertainty remains high, it said.
“Some would-be sellers are sitting tight because the market is flat,” said Josh Felder, Redfin’s agent in San Francisco. “That’s partly because we’re heading into the normal seasonal slowdown, and partly because prospective sellers and house hunters are watching and waiting to see what’s going to happen next year with rates, the stock market, and tariffs.”…