Home sellers are relisting properties at fastest pace in a decade, but spring supply is still low - CNBC

Many sellers who pulled listings last fall are relisting at the fastest pace in a decade as earlier lower mortgage rates improved affordability, though overall spring supply remains unusually low. The recent jump in mortgage rates has reduced buyer affordability and could temper sellers' optimism even as relistings continue. Local bargains—such as a New Jersey lakefront home listed below the statewide median—show that relistings and tight supply can still produce distinctive, competitively priced opportunities for some buyers.