
Recent statistics on pending contracts suggest a potential rise in housing demand ahead of schedule.
Pending Sales: The Current Landscape
The latest weekly data from Altos Research reveals encouraging signs in housing demand.
Compared to 2022 and 2023, we have observed a small uptick in year-over-year numbers as we step into 2025.
Specifically, there’s been a minor single-digit increase in demand compared to last year.
- 2025: 260,329
- 2024: 247,652
- 2023: 231,127
Housing Inventory Trends
As we move deeper into 2025, historical trends suggest that housing inventory tends to hit its lowest point in March and April.
This pattern has persisted since the COVID pandemic, with previous years seeing inventory bottoming out in late January or February, followed by a subsequent increase.
Last year, we reached inventory’s low point in February, so we should monitor current trends to prevent a lag until April.
- 2025: 18,484
- 2024: 35,698
- 2023: 31,995
Expectations for New Listings
I’m optimistic about this year’s new listings.
Although my predictions for significant growth last year fell short, I was glad to see some improvement.
It’s important to remember that most sellers are also buyers.
The past two years have shown historically low new listings, so I anticipate 2025 will bring us back to more typical levels, potentially peaking at around 80,000 to 110,000 new listings.
While the previous holiday week showed a decline in new listings, we expect a return to normalcy soon.
Currently, there’s a seasonal decline in the percentage of homes with price cuts.
We must remain vigilant for shifts in this trend as mortgage rates continue to fluctuate.
- 2025: 34.9%
- 2024: 33%
- 2023: 36%
Source: Housingwire