Housing supply drops most in 2 years as sluggish demand spooks sellers

Seattle--(business wire)--active listings of homes for sale fell 1.4% month over month in august—the largest seasonally-adjusted decline since june 2023, according to a new report from redfin, the real estate brokerage powered by rocket. they rose 9.7% from a year earlier—the smallest year-over-year increase since march 2024. new listings also cooled, falling 1.1% month over month to the lowest seasonally-adjusted level since january 2024 and declining 2.6% year over year. sellers have been pul.
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