Overview of the Current Real Estate Market Trends

After a winter slump, the real estate market is starting to look a little brighter in time for spring. More homes are entering the market, and buyers are starting to consider buying again after staying on the sidelines, according to the latest numbers from Redfin.  

For the four weeks ending March 3, new listings were up 13%, the biggest increase in three years. That uptick helped bring the total number of homes for sale up 1.7%, marking the first time in eight months that supply has increased. Meanwhile, asking prices had their smallest increase in two months, with around 5.5% of home sellers dropping their asking price.

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