A holiday week and persistently high mortgage rates had an effect on housing inventory. New home listings were significantly lower, according to this week's Realtor.com® Weekly Housing Trends report.
Prior to the ceasefire announced days ago, mortgage rates shot up based on the economic and geopolitical uncertainty.
Mortgage interest rates fell to 6.37% for the week ending April 9, according to Freddie Mac. It's much lower than the week prior when rates registered 6.46%—which marked a seven-month high. But for perspective, it's still much lower than the 6.62% that borrowers were seeing during the same week in 2025.
"For buyers, the broader picture has not changed: More homes are available than a year ago, prices are softening, and mortgage rates, while volatile, remain at their most favorable springtime levels since 2022," says Anthony Smith, senior economist at Realtor.com.
Smith says using tools like the Realtor.com mortgage affordability calculator allows shoppers to stress-test their budgets against different rate scenarios and move forward with confidence, whatever the market brings.
Spring selling season
The number of homes listed is still greater than this time a year ago, but the pace of inventory growth has "moderated."
Active inventory climbed 3.9% year over year and year to date inventory is up 7.4%.
But new listings dropped 10% year over year for the week ending April 4. This marks the largest weekly decline since the winter storm in late January had an effect on new homes being listed for sale.
The amount of time homes spent on the market is two days longer than the same period in 2025. This time is unchanged from the week prior.
"As the market approaches the “best week to sell,” homes are expected to move more quickly, particularly if buyer demand picks up faster than inventory this spring," Smith says.
Overall, the median listing price fell 2.1% year over year—marking the 24th straight week of flat or negative price growth year over year. As asking prices soften, this is good news for buyers.
"The deepening price decline this week may partly reflect mixed effects from the holiday-shortened new-listing period, but the broader trend of downward price adjustment remains intact," adds Smith.
Joy Dumandan is an Emmy-winning journalist who is the news editor at Realtor.com. Previously, she was the consumer editor at The U.S. Sun. Joy spent a majority of her career as a broadcast journalist. At Boston 25 News, she covered major news stories, including the college admissions scandal, presidential elections, and deadly severe weather. While at WISH-TV in Indianapolis, Joy was the morning anchor and reported live on location at events like the Super Bowl, the Indianapolis 500, and NCAA March Madness.
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