Looking ahead to the coming weekend, no significant weather events are expected, which could support consistent showing activity. However, as spring break begins for many school districts over the next couple of weeks, historical trends suggest that showing traffic may slow during the actual week of spring break but pick up in the week following. It will be interesting to see if this pattern holds true in the current market.

Inventory levels continue their upward trajectory, with the average daily active listing count increasing once again. Year over year, total inventory remains significantly higher than at the same time last year. In terms of new supply, the number of newly listed homes saw a notable increase compared to the previous week, also registering strong growth when compared to the same period last year. Additionally, properties in “coming soon” status increased both week over week and year over year, signaling a steady pipeline of new inventory entering the market.

Buyer activity showed some improvement, with pending transactions rising compared to the previous weekend. However, the predictive months of inventory remains elevated compared to last year, reflecting the larger volume of available inventory relative to the number of homes going under contract. While new pending sales are occurring, the overall balance between supply and demand continues to create a more buyer-friendly market environment than in previous years.

The Odds of Selling declined last week, aligning with the trend of higher inventory and relatively lower pending transactions compared to the same period in 2024. As a result, sellers may need to adjust expectations regarding market timing and pricing strategies.

Showing activity saw a modest week-over-week increase and a slight uptick year over year. On average, listings received a consistent number of showings per week, with homes going under contract after a median number of showings. This small decline in the “shows to pending” metric suggests that buyers are moving slightly faster in their decision-making process, though the overall change is not substantial. Median days on market remains elevated compared to last year, further reinforcing the notion that buyers have more time to assess their options before committing.

Price reductions remain a key factor in today’s market, with over one-third of homes that went under contract last week having undergone at least one price cut. However, both the percentage of homes reducing their price and the size of the average price reduction declined slightly compared to the previous week, indicating some stabilization in seller pricing strategies.