As illustrated, the number of homes listed in 2022 began lower compared to previous years, but increased to 2021 levels around May (week 20). Homes that do get listed haven’t remained on the market for long with anxious buyers jumping on listings as soon as they hit the market. As buyer affordability is impacted by interest rates, we may see listings linger a little longer on the market as the year progresses.
(Weekly data run for Sunday-Saturday)