US new home listings rose 2.1% week over week during the four weeks ending August 30, reaching a four-week average of 383,795, the highest level since August 2022 and 8% above the same period last year, according to Redfin. Pending home sales fell 0.1% week over week and 2.5% year over year to their lowest level since February. Separately, August U.S. home sales fell 0.6% year over year and newly pending sales declined 2.6%, while housing inventory increased 3%. Active listings rose 0.4% to about 1.51 million homes, and months of supply increased to 4 from 3.7. The typical sale price reached $398,632, up 2.2% annually, while the 30-year mortgage rate stood at 6.66% and estimated monthly mortgage payments reached $2,592, a record low for affordability. Homeowners with sub-4% mortgages from 2020 and 2021 remain reluctant to move, limiting turnover as borrowing costs weigh on demand.