May 14, 2026, EDITION

Housing inventory continues to build, even as buyers steadily absorb available homes. More homes are available than this time last year, helping create a spring market that feels more active and balanced for both buyers and sellers.

New listing activity remains near its highest level in almost a year. At the same time, asking prices have continued to soften in many areas, encouraging sellers to price competitively and giving buyers more opportunities to negotiate.

The labor market continues supporting housing demand. Steady hiring, wage growth, and relatively stable mortgage markets are helping reinforce confidence as the spring market moves through its busiest season.

The spring market continues to offer improving conditions for buyers. More inventory and softer price trends are creating additional opportunities, while homes are still selling at a healthy pace overall.

Mortgage and financial markets have remained relatively stable in recent weeks. That consistency is helping support buyer confidence, especially for households that may have been waiting for calmer market conditions before making a move.

Economic fundamentals continue to remain supportive overall. Consumer activity has held steady, hiring trends remain positive, and housing demand continues to benefit from improving inventory conditions as the market heads toward early summer.

DID YOU KNOW?...Asking prices have now declined or remained flat for more than six months, a trend that is gradually improving affordability and creating more opportunities for buyers this spring.

Freddie Mac’s latest Primary Mortgage Market Survey shows mortgage rates remaining relatively stable despite ongoing market uncertainty. While inflation concerns and global events continue to influence financial markets, recent rate consistency is helping support steady housing and refinance activity this spring. Remember, mortgage rates can be extremely volatile, so check with your mortgage professional for the most up-to-the-minute information.

As more homes become available, this can be a great time to revisit your wish list and explore neighborhoods or home styles you may not have considered before. More inventory can create opportunities to find a home that better fits your long-term goals.

Even with more homes on the market, well-prepared properties continue to stand out. Pricing thoughtfully, making small updates, and presenting your home in its best light can help attract motivated buyers and create a smoother selling experience.