From NAR
New data from NAR’s Economists’ Outlook shows shifting market dynamics in March, with changes in sales activity, inventory levels, and buyer behavior.
While home sales continue to reflect affordability pressures, inventory has shown signs of improvement in many markets. More available listings are giving buyers additional options compared to previous months, though competition remains in certain price points and regions.
Buyer trends also reflect ongoing adjustments to mortgage rates and pricing. Some buyers are moving forward despite higher rates, while others are taking a more cautious approach and waiting for better conditions.
For REALTORS®, the March data reinforces the importance of staying informed about local inventory levels and buyer sentiment. Understanding these evolving trends can help you better advise clients and set realistic expectations in a changing market.
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