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Fewer Home Sellers Are Listing – Here’s What It Means for the Market

This week’s housing data confirms a shift: new listings have declined for the fourth week in a row, now 11% below last year’s levels. At the same time, withdrawals are rising, with nearly 40% of listings being pulled from the market without a sale.

For potential sellers, this creates a unique opportunity. With fewer homes coming to market, competition is easing – but success depends on pricing strategically from day one.

In this video, Compass Chief Economist Mike Simonsen breaks down:
The decline in new listings and why sellers are holding back
The rise in withdrawals and what it says about seller sentiment
How limited new supply could impact inventory and prices
The role of strategic pricing in capturing today’s buyers

By understanding these trends, sellers can position their homes to attract serious buyers in a rate-sensitive market.

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