Housing inventory is the fuel that powers the real estate engine. Without enough homes, prices rise and competition gets fierce. So, what does March 2025 look like in terms of available homes?
1. New Listings Are Climbing—Cautiously
Many markets are seeing a slight uptick in new listings, especially in warmer regions where spring selling starts early. However, overall inventory remains constrained.
2. Low Turnover is Still a Challenge
Homeowners with low mortgage rates are hesitant to move, leading to fewer resale properties on the market. This “rate lock” effect continues to suppress inventory.
3. Builders Are Adding Supply
New construction is helping fill the gap, particularly in fast-growing suburban areas. While delays remain due to labor and materials, more units are becoming available each month.
4. Buyer Competition Varies by Area
Some markets are still hot, with multiple offers on well-priced homes. Others are seeing slower activity and more room for negotiation.
Key Stats to Know
- Median days on market: 34
- Month-over-month inventory growth: +7%
- New construction share of total sales: 18%
Outlook
Inventory is improving but remains tight. Expect continued pressure in high-demand areas, but some relief for buyers compared to recent years.