Indicators of homebuying demand and activity are on the rise nationwide, according to a new report from Redfin.

The brokerage site’s Homebuyer Demand Index hit its highest level in three months during the four weeks ended March 16. Google searches for “home for sale” were up 10% from the same period in 2024, and touring activity was up 5%.

With the weekly average 30-year fixed mortgage rate sliding to 6.65% from 6.74% a year ago and near its lowest level since mid-December, buyers are motivated.

Redfin reported 94,113 new listings nationwide in the four weeks ended March 16, marking a 5.5% annual increase, which boosted the total number of active listings 11% to 953,851.

“Overall, it feels more like a buyer’s market than a seller’s market,” said Heather Mahmood-Corley, a Redfin Premier agent in Phoenix. “I’m telling sellers their home needs to look like a model house, and it probably needs to be priced lower than they think.”