Homeowners and future buyers! Big changes are happening in the real estate market, and I’m here to break it all down for you. Let’s dive into the latest housing trends you NEED to watch.
First up, the supply of homes for sale. Good news for buyers, there are more homes on the market which means more options. Last year at this time nationally there were 664,745 ( six hundred sixty four thousand and seven hundred forty five) active listings on the market. Fast forward to 2025 and that number has jumped up to 847,825 (eight hundred forty seven thousand and eight hundred twenty five). That is a 27.5% increase in inventory year over year.
Now let’s talk about home prices! Prices are still rising but at a slower and healthier pace compared to previous years. Nationally the median home price went from $383,800 this time last year to $398,400. That is a 3.8% increase in home appreciation.This shows nationally the market is stabilizing. This is great news for both buyers and sellers.
Finally, let’s talk about the time homes are spending on the market. Because inventory is growing, we are seeing longer days on the market. Meaning homes are not selling as fast and buyers have more time to make decisions. Nationally, the average days on market increased from 61 days to 66 days year over year, which is an 8.2% rise. Of course, all regions of the U.S are different and this is what is happening nationally. It is always best to consult with your local real estate expert to update you on the latest trends happening right in your neighborhood.
I am Terry Tucker with eXp Realty! Call me today so I can give you your latest local market update.
