HousingWire Daily Mike Simonsen on where he’s seeing traction for the spring housing market
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Feb 3, 2026 Mike Simonsen, chief economist at Compass who analyzes housing trends, walks through where spring market traction is appearing. He discusses relists driving renewed demand and shrinking price-cut activity. Regional contrasts get attention: Florida tightening and ultra-luxury gains in San Diego versus higher inventory in Texas. He also touches on affordability shifts and markets with the tightest supply.
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Relists Signal Returning Seller Activity
- Weekly sales are about 5% higher than last year, signaling early market stabilization.
- Relists (80,000 single-family homes) show sellers who paused last year are returning to market.
Price Cuts Are Declining
- Fewer homes are taking price cuts now than a year ago, indicating rising buyer demand.
- Price-reduction percentage ticked down and fewer price cuts is an early positive market signal.
Florida Leads With Tightening Inventory
- Florida shows tightening inventory and early bargain hunting for the first time in years.
- Price movements can lag supply/demand changes by as much as a year, so headline declines may persist.