Active listings at the state level increased on a year-over year basis for the first time in 11 months, and the increase for the current month was the largest in 12 months – an encouraging sign that housing supply could be heading in the right direction as the market approaches the spring homebuying season. Newly listed for-sale properties also increased from a year ago for the second consecutive month by double digits as more sellers put their homes up for sale. The recent rising trend in mortgage rates, however, could slow the flow of supply in coming weeks as potential sellers hold off on putting their house up on the market until rates moderate again. (March 25, 2024)