Home Delistings Hit Record High in November as Buyers, Sellers Retreat

The shifting housing market appears to have caught a lot of home sellers by surprise: A record 2% of U.S. homes for sale were delisted each week on average during the 12 weeks ending Nov. 20, compared to 1.6% one year earlier, according to Redfin, Seattle.

Redfin: Home Relocation Near Record High

The share of Redfin.com users looking to move to a different metro area is near its record high as high rates and prices up the appeal of affordable places.

Housing Market Roundup Nov. 23, 2022

We’ve had a flurry of reports ahead of the Thanksgiving holidays; here’s a quick summary of what’s happening:

Record-High 3Q Homes for Sale New Construction

Redfin, Seattle, reported new construction took up a record percentage of housing inventory in the third quarter, partly filling a gap left by hesitant existing homeowners as the housing market slows.

Pending Home Sales Fall 4th Straight Month

Pending home sales for the fourth consecutive month in September, the largest single monthly decline since onset of the coronavirus pandemic, the National Association of Realtors reported Friday, with all four regions reporting both month-over-month and year-over-year declines in transactions.