January Resets Housing Market with Surge in New Listings and Seasonal Dip in Sales

January experienced the U.S. housing market’s typical annual reset, delivering the lowest sales of the last 12 months alongside the largest month-to-month increase in new listings.

Home sales fell 32.0% from December – and 6.0% from January 2025 – while new listings jumped 61.8% month over month and finished 3.8% below last year. Across the 52 metro areas surveyed, inventory was essentially unchanged from December (-0.1%) but was 10.9% higher year over year, marking the 25th consecutive month of year-over-year increases.

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