Newly pending home listings in the U.S. increased 4.6% in March, rising from 268,595 to 281,546 year-over-year, according to the Zillow March Market Report. This was the second-highest monthly total since the boom in August 2022 following the pandemic.
While mortgage rates rose from 5.98% in February to 6.38% in March, demand held steady with Zillow’s average daily page views per for-sale listing 32% higher than March 2025, the company says.
Additionally, newly pending listings in March rose 29.8% month-over-month. The yearly and monthly increases are five-year highs for March.
U.S. home values inched up 0.8% from a year ago to $365,545 for a typical home, and were up 0.4% from February’s annual growth. Inventory also increased for the 28th month in a row, with a 4.2% year-over-year increase and 9.5% monthly increase to 1.23 million homes for sale in March.
"Buyers and sellers have been navigating uncertainty and market volatility in some form since the onset of the pandemic, and this month's concern over energy prices is no different," Zillow’s Chief Economist Mischa Fisher said. "However, we have persistent signals that the market has turned a corner. Pent-up demand from three years of low sales volume and winter storms in January and February, along with the tailwind from lower mortgage rates earlier in the year, seem to have buoyed the market as home shopping season kicked off.”
Read the full report here.
