Supply Shortage, Rising Rates Push Buyers Into Homes Sooner

Since April 2021, there have been 3,187,324 net new listings placed on the market, which is a 1.5% decrease versus the 52 weeks prior Percentage of total net new listings over the last 52 weeks, broken down by home price: Monthly new listing volume was down 7.6% compared to April 2021 In April, there were 326,455 net new listings placed on the market, representing a 12.0% decrease year-over-year For the month of April, the percent change in net new listing volume compared to April 2021, broken down by home price: The median price of all single-family listings in the U.S. is up 1.3% month-over-month and the median price of closed listings has increased by 4.7% month-over-month.

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