After several months of declines, new listings are posting a small improvement. Sellers are betting on mortgage rates that are closer to 6% than 7% bringing buyers off the sidelines.
New listings of U.S. homes for sale rose 0.5% from a year earlier during the four weeks ending March 8, the first increase since November.
While it’s a modest improvement, it may be a sign that some home sellers are feeling more hopeful about this spring’s housing market now that mortgage rates have dipped down to 6%. That has pushed the median monthly housing payment down 3.2% year over year, and Redfin agents in much of the country say 6% is a psychological threshold for buyers who have been waiting to jump into the market. (The daily average mortgage rate rose as high as 6.19% this week amid turmoil in the Middle East.) The improvement in new listings is partly due to sellers relisting their homes: Homeowners who pulled their homes off the market in 2025 are relisting at a record rate, betting on a stronger market this year.