The U.S. housing market has entered into its peak annual spring season where buyers and sellers alike get serious about their moves. Only this year there's something off: Not a lot of homes are going up for sale.
According to Realtor.com (see chart below), only 349,284 U.S. homes were listed for sale in March 2023. That's below the 437,270 listed in March 2022—a period which was infamous for its tight supply—and far below the 478,100 listed in March 2019.
