Selected Market & Economic Indicators for the National Real Estate Market
New listings, active listings, price reductions, listings pending sale, sales
volumes, home prices, appreciation, interest rates, financial markets,
inflation, population migration, and other factors and indicators
Mid-April 2023
Buyer demand and market activity continued to rebound in early 2023 from the late 2022
low point, but the number of new listings coming on market remains very low, a situation
with wide ramifications for supply and demand dynamics, and for home prices. Many
important economic factors at play – such as interest rates, inflation, financial markets,
the stability of the banking industry, federal debt limit negotiations, and so on – continue
to be uncertain and/or volatile.
This report is divided into two parts: The first looks at home prices, and supply and
demand conditions and trends in the overall national market. The second part reviews
selected macroeconomic factors and indicators that often impact real estate. A national
report is necessarily a huge generalization of broad trends across an enormous range of
regional submarkets, whose dynamics often vary. How the data in this report applies to
any particular property is unknown without a specific comparative market analysis.
As of the date of this report, depending on the source of data, some data points for
March 2023 and Q1 2023 may not be available for several weeks or longer, and will be
covered in future updates.
The spring selling season is typically the most active of the year – though this too can vary
between submarkets – and much more data will soon be available.
