Housing supply and demand are beginning to balance

Active listings include all homes on the market, regardless of when they were listed for sale. New listings, which just include those first coming on the market during the month, declined 2.8 percent nationwide in July 2022, compared with July 2021, an indication that economic uncertainty may be keeping sellers out of the market. But in 13 markets, new listings rose, compared with July 2021. For example, new listings were up 37.6 percent in Las Vegas, compared with July 2021, up 37.1 percent in Nashville and up 28.6 percent in Oklahoma City. In Washington, D.C., new listings were down 21.5 percent, compared with July 2021. more info…..