Listings Lurch Higher as Housing Market Conditions Languish

The volume of housing stock listed for sale is currently higher, for this time of year, than it has been in many years. While total stock is elevated, newly listed stock remains at fairly similar levels to recent years which suggests that it isn’t a dumping of stock onto the market which is leading to a lift in total listings, rather the fact there are fewer buyers and sales are taking longer to achieve.

At a national level, the rolling 28 day count of unique new listings shows an…