The housing market typically heats up in March and this year was no exception. According to a recently released market analysis of online listings, there were 281,546 newly pending listings this March. That’s the most since August 2022 and an almost 30-percent increase over month-before numbers. Page views for online listings were also up sharply, with daily views per for-sale listing 32-percent higher than last year.
What’s this mean for home buyers and sellers? Well, it means there are signs of spring in the data. And that means buyers. Optimism for this year’s spring housing market has been running high, as price increases have moderated and mortgage rates were recently at three-year lows. Rates have crept higher since then, but the numbers still came in strong, an indicator that demand is firm and buyers are interested.
[Source: PR Newswire]
