In recent months, sellers have been eager to take advantage of market momentum, bringing more supply to the market. A steady flow of new listings has surpassed both last year’s numbers and the five-year average. In fact, it was the highest volume of new listings for the month of May since 2021 — testing the depth of buyer demand. As a result, the total number of homes for sale has risen annually, indicating that stock is starting to build and offering more options for buyers — a consistent trend throughout 2024.
