Quick Stats:

This March, 6.4 percent of closed transactions reduced the asking price before receiving an offer. This compares to 10.8 percent in March of 2021. These properties that reduced price spent an average of 55.4 days in the MLS compared to 8.3 days for those with no price reductions. It’s clear that pricing properties correctly results in a faster sale from the start.
The average active listing for March is 13,917 (1985-2021)
Record-high March was 2006 with 27,309 listings and the record-low was set in 2021 with 1921 listings
The historical average increase in active listings from February to March is 6.44 percent. An increase of 81.16 percent this March represents the largest percentage increase on record but only the 12th highest in the number of listings at 995.