Notes: Gray shading depicts National Bureau of Economic Research (NBER)-defined recession. Newly listed data extend through September 2023; existing listings data extend through October 2023.
Sources: National Association of Realtors, Redfin, and NBER. All data sources accessed via Haver Analytics.
The number of homeowners newly listing their home for sale has inched up since June, following its sharp move downward during the previous two years (green line). Similarly, the number of existing single-family homes listed for sale, both newly listed and previously listed, has moved up since August (blue line), following 18 months of steady decline. This stabilization of both newly listed and total listings of single-family homes suggests that sales of existing single-family homes, which continue to plunge, may also stabilize soon.
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