New listings fall short in housing inventory drought's 3rd year

Do February's market reports indicate the best seller's market in a generation?
  • New listings are lagging last year’s levels and failing to fill the gaping holes in the nation’s inventory.
  • Tight inventories -- and demand that seems impervious to modestly higher rates -- have set the table for sellers.

In a typical year, Februr when the best stagers are booked, painters are busy, landscapers are trimming hedges and sodding lawns of homes soon to be listed, and agents are educating new sellers about the realities of the marketplace. This year may not be so typical.