Real Estate

More home sellers are sitting out of the spring housing market


A for sale sign is posted in front of a home for sale on February 20, 2023 in San Francisco, California.

Justin Sullivan | Getty Images

It might seem like a great time to list your home for sale. Buyers are flooding back into the market, mortgage rates have fallen off their recent highs, and there are still far too few homes for sale to meet demand. But potential sellers aren’t budging.

New listings continued to fall in March, according to, down 20% from the same month last year. That decline in new listings outpaced the 16% drop posted in February. New listings in March were nearly 30% below pre-pandemic levels.

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