National New Listings Up 12.8 Percent Annually

February kicked off with more options for homebuyers, as new listings were up 12.8 percent annually for the week ending Feb. 3. According to Realtor.com, that marks the largest jump in inventory in nearly three years.

Overall housing inventory increased by 12.2 percent for the same period. 

For the week ending Feb. 3, the median home list price was 0.9 percent higher compared with the same week last year. According to Realtor.com, the national median home list price was $409,500 in January.

“Although the nation’s median home listing price typically rises after the first week of the year, we may not see the intensity of price growth that we’ve seen in 2021 to 2023,” says Realtor.com economist Jiayi Xu.