New listings continue their record-setting fall over the past four weeks, according to real estate brokerage firm Redfin.
New listings fell 12% year over year, sending the total number of homes for sale down 29% to a new all-time low during the four weeks ending Jan. 16, according to its report.
Constricted by supply, pending sales were up just 1%. One ray of hope for buyers is new construction—housing starts and building permits increased to a nine-month high in December.
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