Our research team releases monthly housing trends reports. These regular reports break down inventory metrics like the number of active listings and the pace of the market. In addition, we continue to give readers more timely weekly updates, an effort that began in response to the rapid changes in the economy and housing. Generally, you can look forward to a Weekly Housing Trends View and the latest weekly housing data on Thursdays and weekly video from our economists. Here’s what the housing market looked like over the past week.
What this week’s data means
This summer is starting off with rising inventory, easing competition, and relatively steady prices—creating a more buyer-friendly market compared with last year. After being rattled by tariffs and economic turbulence earlier in the year, people are beginning to regain their footing, showing renewed confidence in the housing market. Both buyer and seller sentiment have improved, accompanied by easing concerns about job security and personal finances.
Looking ahead, given the cooler-than-expected inflation and overall healthy labor market, the Federal Reserve Bank is expected to keep rates unchanged in June. In other words, the elevated mortgage rates will continue to pose challenges to homebuyers.
Key national findings
- New listings—a measure of sellers putting homes up for sale—rose 5.2% year over year
New listings rose again last week on an annual basis, up 5.2% compared with the same period last year, a slightly faster growth compared with the previous week. The momentum that began earlier this spring remains strong, signaling a vibrant market with more home options as summer kicks off. Despite fresh inventory, buyers still face affordability and economic challenges, which may dampen activity.
- Active invento