More homes are on the market than a year ago, but rising mortgage rates remain a hurdle for many

FILE - A"for sale" sign is posted in front of a home in Sacramento, Calif., March 3, 2022. . .

In the first four months of this year, active listings — a tally that encompasses all homes on the market except those pending a finalized sale — were the highest since 2020, according to Realtor.com. Some of the increase is seasonal, with more homes typically going on the market just before and during the spring homebuying season.

However, the inventory of available homes remains well below the pre-pandemic era. In April 2019 there were roughly 1.1 million homes on the market, or over 400,000 more than last month.

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