Home Listings Up This Spring But Still Below Pre-Pandemic Levels as Buyers Face Rising Rates
• More homes are listed for sale this spring compared to last year, providing more options for buyers • New listings jumped 11.3% in February versus last year as more sellers enter market • But inventory still remains almost 40% below pre-pandemic levels • Rising mortgage rates could price some buyers out of the market • Home prices are expected to stay flat or decline slightly this year versus 2022