New listings ↑0.5% yearly in Late-Q1, the first gain since Mid-Q4.
Mortgage rates fell to ~6%, and the median monthly home payment ↓3.2% yearly, boosting seller optimism.
Brokers called ~6% a buyer “psychological threshold”; many new listings came from sellers relisting after 2025.
Mortgage-purchase applications ↑8% weekly, while pending home sales ↓1.3% yearly, the smallest drop in >1 mo.
With far more sellers than buyers, buyers can negotiate; if rates stay near ~6%, bidding wars may spread.
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