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New listings of U.S. homes for sale fell 1.7% year-over-year in the four weeks ending December 7, 2025, marking the largest decline in more than two years, according to Redfin.
The slowdown reflects a combination of seasonal trends and muted buyer interest. Pending home sales dropped 4.1% from a year earlier, the steepest decline in ten months, while the typical home under contract now takes 51 days to sell–about a week longer than in 2024.
Buyers have remained cautious for months, weighed down by economic uncertainty and persistently…
