New US listings ↑0.5% yearly in the 4 weeks ending Late-Q1, the first increase since Mid-Q4.
Mortgage rates moved closer to ~6%, helping median monthly housing payments ↓3.2% yearly and boosting seller optimism.
Sellers are relisting at a record rate after pulling homes off the market in 2025, betting on stronger demand.
Demand signals were mixed: pending sales ↓1.3% yearly, while mortgage-purchase applications ↑8% weekly.
With far more sellers than buyers, buyers had leverage, but lower payments and more choices could shift power.
I’m seeing more homeowners test the market again as borrowing costs ease a bit. Buyers still feel cautious, but improving affordability and more inventory could gradually bring more shoppers back.
