May 01

Spring Market: Waking Up… But Still Hitting Snooze

Homebuyers are slowly stepping back into the market—but not exactly rushing. Contract signings for home purchases ticked up slightly toward the end of the spring season, signaling a bit of momentum after a sluggish stretch. It’s a small but meaningful shift: buyers are active, just cautious.

So far in 2026, that trend hasn’t changed much. Month-to-month gains are modest, showing that interest is there, but hesitation remains. Compared to last year, activity is still a bit lower, as affordability continues to be a sticking point for many would-be buyers.

The biggest wildcard? Mortgage rates. Even with solid job growth and wages improving, fluctuating rates are keeping buyers on edge and influencing when—and if—they’re ready to make a move. Meanwhile, there’s a silver lining: housing inventory has improved, giving buyers more options and a bit more leverage than they’ve had in recent years.

The bottom line: the market isn’t stalled—it’s just taking its time. There’s clear pent-up demand, but many buyers are waiting for the right mix of lower rates and better affordability before jumping in. For now, the spring housing season feels less like a sprint and more like a slow, steady warm-up.

Source: REALTOR® Magazine
“Contract Signings Ticked Up Slightly, Capping Off a Sluggish Spring”
National Association of REALTORS®

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