Fewer homeowners are listing their homes for sale amid a dampened US housing market, with new listings dropping by 1.7 percent for the week ending June 21 from the previous week.
There were 357,733 new listings for homes for sale, the “lowest level since February,” real estate brokerage Redfin said in a June 25 statement.
“Prospective home sellers are backing off partly because they notice soft homebuying demand.
“Pending home sales fell 0.1 percent week over week, a small dip but the third straight week of slight declines from their May peak, and mortgage-purchase applications fell for the second straight week. But it’s worth noting that pending sales are holding up better than they were last year; they rose 4.2 percent on a year-over-year basis.”…