May’s Housing Market: Listings Increase, Buyers Pounce

May Real Estate Market Update: Market action in all directions. As we delve into the spring season, known for its flurry of transactions, it’s time to gauge the pulse of the market. For sellers, we’re keeping tabs on March’, Prices listings, while buyers, let’s talk about the days homes spent on the market in March. And of course, let’s not forget about the ultimate indicator: price action, reflecting the dance between buyers and sellers. Here we consider the February price data.

Nationally, sellers have stepped up their game, with listings on the rise. Though we’re not quite back to pre-pandemic levels, we’ve certainly left the lows behind.

Buyers, weary of endless bidding wars, found relief in the increased listings, swiftly closing on their dream homes thus reducing the days homes sat on the market.

The eagerness to buy has tipped the scales in favor of sellers, pushing prices up and even flirting with record highs.

But hey, remember, real estate is all about location, location, location. So, let’s zoom into your state to see your local May real estate market action in all directions, by clicking on the State Icon below: