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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

Fresher home options and a slower market pace are encouraging signs for this spring’s homebuying season. As we approach the best time to sell, both buyers and sellers may see this as an opportunity to enter the market. However, a new complication arising this spring is April’s tariff announcements. With uncertainty surrounding upcoming policy changes, both stock markets and bond yields have seen significant volatility.

Since stock market savings often contribute to down payments, and mortgage rates typically follow the trend of the 10-year Treasury yield, this turbulence adds complexity for prospective buyers. In short, the heightened volatility in this spring market could make it more challenging for buyers to budget and plan effectively.

Key national findings

• New listings—a measure of sellers putting homes up for sale—increased 8.6%
  New listings were up 8.6% compared with this time last year, marking the 13th straight week of annual growth. As we approach the best time to sell, when factors like pricing, inventory levels, buyer demand, and market pace typically align in favor of sellers, new listings are expected to keep hitting the markets. This uptick in inventory is also a positive sign for buyers who have been eagerly waiting for fresh options to enter the market.
• Active inventory climbed 30.3% from a year ago
  The number of homes actively for sale remains significantly higher than last year, continuing a 74-week streak of annual gains. This year-over-year inventory growth gives buyers more choices and encourages more competitive pricing among sellers. Generally, the number of homes up for sale is still below pre-pandemic norms, and the long-standing supply gap will continue to put pressure on prices in under-supplied areas. 
• Homes spent 4 days longer on the market than last year
  Market pace has not sped up on an annual basis in nearly a year, giving buyers more time to make decisions. Homes are now spending four additional days on the market compared with this time last year, reversing the downward trend seen for the past two weeks. The slower market pace not only reflects buyer hesitation amid high borrowing costs but also concerns over growing economic uncertainty. Nevertheless, a slower pace can work in buyers’ favor, offering more room for negotiation and comparison shopping.
• The median list price increased 0.1% year over year
  The national median list price was up 0.1% compared with a year ago, marking the first year-over-year increase after 44 weeks of flat or declining prices. However, more data is needed to determine whether this modest growth signals a true turnaround. In particular, recent economic uncertainty may dampen buyer interest, potentially putting downward pressure on prices.Price per square foot—a measure that helps account for changes in the size of homes on the market—rose 1.1% year over year. This suggests that while overall prices haven’t moved much, the underlying value of homes, when adjusted for size, has edged slightly higher. Meanwhile, the share of homes with a price reduction ticked up by 0.9 percentage points, a sign that sellers are searching for the price point that yields buyer attention.

National data summary