HAR Report: Growing inventory provided more opportunities for prospective buyers in May. There were 37,455 active listings of single-family homes, which is an increase of 35.0 percent year-over-year. This is the highest volume of active listings since September 2007.
“With more homes to choose from and prices becoming a bit more favorable, people are definitely feeling more confident and getting back out there,” said HAR Chair Shae Cottar with LPT Realty. “This shift signals to sellers that motivated buyers are engaged and eager to take advantage of the current market conditions. We anticipate this momentum will carry us into the summer months.”
The rental market also experienced increased demand in May. HAR will publish its May 2025 Rental Home Update on Wednesday, June 18.