Best time to list your home for sale, state by state chart.
Rising homebuying demand amid lagging supply was already setting up a strong spring buying market. And then the Fed cut interest rates.
The decision to cut 50 basis points from the base rate will add further fuel to what is looking like a competitive few months ahead as the market tightened in February according to a new analysis.
In its Housing Trends Report, realtor.com says that national housing inventory declined 15.3% year-over-year last month, while the median US listing price grew by 3.9% to $310,000.
The decline in inventory, 184,000 listings, included declines of more than 20% in 25 of the nation’s 50 largest metros.