Real Estate

Spring housing market just lost more than 200,000 new listings

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People wait to visit a house for sale in Floral Park, Nassau County, New York.

Wang Ying | Xinhua News Agency | Getty Images

The spring housing market is shaping up to be the leanest and most competitive ever.

A sharp drop in new listings partly due to severe weather, combined with already record-low supply, will make it increasingly difficult for buyers to find their dream home at the perfect price.

There were nearly half as many homes for sale at the end of February, compared with a year earlier, according to a new calculation by realtor.com. Low supply was exacerbated by a drop in the number of new listings to come on the market.

“Last month’s record cold and snowstorms likely caused…



Source cnbc.com

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