The housing market is showing signs of thawing as new listings flood the market, according to the latest data from Realtor.com®. New listings saw a significant increase of 12.8% compared to the previous year, the largest jump in nearly three years. Overall housing inventory also rose by 12.2%, providing more options for home shoppers.

Sellers are closely monitoring mortgage rates, which have seen a slight decrease in the past few months. Rates for a 30-year fixed-rate home loan average in the mid-6% range, with no significant swings expected in the near future. Despite the stagnant rates, many sellers are making their moves now, possibly anticipating a rate increase in the future.

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