Level of Newly Listed Homes Up 37.5% Month-Over-Month

The nationwide level of newly listed homes grew 37.5% month-over-month in January, according to new data from Realtor.com. Newly listed homes were 10.8% above last year’s levels, an increase from December’s slight rise of 0.9%.

Among the nation’s top 50 metros, the greatest year-over-year increases in newly listed homes was recorded in Sacramento (+31.7%), Phoenix (+27.3%), and Seattle (+24.7%).

Realtor.com also noted the annual inventory grew for the 15th straight month, with 24.6% more homes actively for sale on a typical day in January compared with the same time in 2024. The greatest increases in active listings year-over-year were Denver (+54.8%), Las Vegas (+49.4%), and Tucson (+45.0%), while New York City (+0.3%), Hartford, Connecticut (+1.8%) and Milwaukee (+5.0%) experienced the lowest growth in active listings year-over-year.

“The shift in seller activity could mark a turning point in the high mortgage rate-induced standoff between buyers and sellers,” said Danielle Hale, chief economist at Realtor.com. “The uptick is likely due to some residual benefit from fall’s lower mortgage rates, which could fade. But drivers such as the need for families to adapt to life changes and the easing of the lock-in effect, could bring more movement from sellers by year’s end.”