Listings for New Homes Rise 8% -- Market Talk

Dow Jones

01-03

0948 ET - New listings in the U.S. housing market jumped by 8% year-over-year in the four weeks ending December 29, with the total homes for sale increasing by 10%, according to Redfin. Despite this growth, pending sales dipped by 1.1%. The median sale price rose to $383,750, up 6.4% from last year, reflecting a market that's still hot but showing signs of cooling demand. Active listings were up 9.7% to 906,000, and the median days for home son the market was 47 days. Meanwhile, the weekly average 30-year fixed mortgage rate was at 6.91% for the week ending January 2, its highest level since July.(chris.wack@wsj.com)

(END) Dow Jones Newswires

January 03, 2025 09:49 ET (14:49 GMT)

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