0952 ET - New listings of U.S. homes for sale fell 3.2% in June, according to Redfin. That's the biggest month-over-month decline since February 2023. New listings fell 3.4% year over year, the first annual decline since October 2023. Active listings fell 0.3% month-over- month in June, the first decline since July 2023 on a seasonally-adjusted basis. Still, active listings were up 13.3% from a year earlier, near the highest level in five years. The balance of power in the housing market has shifted toward buyers because listings have piled up and demand has slowed down, says Redfin. The slowdown in listings marks a reversal from the start of the year, when the story of the U.S. housing market was rising supply. But now, some are opting to forgo selling due to lower home prices. (chris.wack@wsj.com)

(END) Dow Jones Newswires

July 21, 2025 09:52 ET (13:52 GMT)

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