Tag Archives: Net New Listings

HouseCanary reports the number of homes that experienced price cuts increased over 130% year-over-year, as the market has been reported to be adjusting to continuous rate hikes.

“As we predicted in December, the beginning of 2023 is proving to show slow market activity, as both net new listings and contract volumes are sitting at multi-year lows,” said Jermey Sicklick, Co-Founder and CEO of HouseCanary.

HouseCanary's latest Market Pulse report shows decreasing demand has resulted in a sharp drop in new listing volume, resulting in an estimated 19% decrease nationwide compared to September 2021.