Currently Reading

Spring Housing Market Listings 200,000 Lower Than Average

Market Data + Trends

Spring Housing Market Listings 200,000 Lower Than Average

March 8, 2021
Row of rowhomes
Photo: jonbilous

This spring’s housing market is poised to put 2020’s hectic market to shame as home listings drop 200,000, says CNBC. The sharp drop in new listings can be attributed to recent severe weather. At the end of February, there were just half the number of listings compared to February 2020.’s chief economist says cold and snowstorms likely put sellers on pause. For the last four years, January and February typically had about 207,000 more listings than 2021 has seen. If listings were to catch up, listings would need to grow 25% annually this month and next.

While the biggest drops in new supply were in Oklahoma City and Kansas City, Missouri, declines were widespread across the country. The only major cities seeing gains in inventory were San Jose, California, and San Francisco and Denver. 

The increasingly tight supply of homes for sale continues to fuel the fire under home prices. In January, prices were up just over 10% year over year, according to CoreLogic. Rising mortgage rates are now hurting affordability but so far have not thrown any cold water on home prices.

Read More

Related Stories

Market Data + Trends

Median Home Listing Price Now $370,000

Home prices posted a year-over-year median price increase of 15%, bringing the median home listing price to $370,000, according to’s…

Market Data + Trends

Freddie Mac Says the Market Needs 4 Million More Homes

In order to close the gap between housing demand and inventory, the market needs 4 million more homes for sale, according to a new report from…


Remodeling Market to Strengthen Through Next Year

Home improvement and repair spending will continue at a healthy pace through 2021 and into the following year, according to the Joint Center for…


More in Category


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.