March Market Update: Stability, Selection, and Opportunity This Spring

March brought a shift in the real estate market, with a healthy increase in new listings and a slight slowdown in sales. This has created a great opportunity for buyers, as the sales-to-new-listings ratio remains at a balanced 40%. While there has been some market uncertainty due to tariffs, the rising inventory levels have given buyers more time to make thoughtful decisions and explore a broader range of options.
With the growing supply and more choices available, buyers are enjoying increased flexibility. Although home prices have softened slightly, the residential benchmark only dropped by 1% compared to February, showing that the market remains relatively stable. Sellers are also continuing to pursue their real estate goals, and there’s still plenty of activity in the market.
As inventory continues to rise and demand stabilizes, the conditions are favorable for buyers and sellers who are ready to make their move.