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However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. In 2025, housing affordability in the U.S. That growth is in jeopardy if we stay at the high end of the mortgage rate range into the first quarter 2025. These are unsold newlistings.
Home prices in 2025 are a couple percentage points above where they were last year at this time. Newlistings To get a lot of homes on the market though we need some sellers. There were only 54,000 newlistings of single-family homes unsold this week. Unsold newlistings amount to 4.8%
Better mortgage spreads are limiting how high rates can rise in 2025. Today, I want to explain why this topic is essential as we look ahead to the rest of 2025. However, spreads have improved in 2024 and 2025, which is helping to limit how high mortgage rates can go this year. In 2023, spreads reached as high as 3.10%.
There are three big trends in the spring 2025 housing market: Supply continues to build. This is measurable in both the total unsold inventory and the number of newlistings each week. 2025 has more homes on the market with price cuts than any March in the last decade. Thats right about what well end 2025 with also.
What will the housing market look like in 2025? We already see many signals for what to expect, including last week’s data on inventory , newlistings and price reductions, which I analyze below. For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more.
In 2025, mortgage rates have stayed stubbornly high for yet another spring buying season. Our 2025 housing market predictions are based on the assumption that lower mortgage rates will spur demand and boost the number of homes sales transactions. Additionally, there were 14% more newlistings unsold compared to this time last year.
Additionally, our weekly pending contract data and newlistings are trending positively compared to last year. 2025 has been much different. As we can see, the outlook for 2025 appears to be different. As we can see, the outlook for 2025 appears to be different.
Inventory is still very tight in places like Chicago and New England, but it is rising in these markets. And 2025 is poised to continue the trend of rising inventory across the country. Well probably finish 2025 with 15% more homes available than we have now. How will that impact home prices in 2025?
As we look into 2025, the question everyone is asking is: Do we have a new era starting? What can the data today tell us about signals for growth or weakness after the new year? Newlistings on trend Nationally, there were just 31,000 newlistings for single-family homes from the last week which included Thanksgiving weekend.
Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. “There’s a strong sense of dj vu on tap for 2025. million in 2025.
Lets take a look at the data for the third week of January 2025. In 2025, the price appreciation curve is flatter still. Even though the best new inventory hits the market each week, these are being priced fractionally cheaper than last year. Home sellers and listing agents know where demand is for homes. It is negative.
Earlier this year, when mortgage rates soared to 7.26%, a cloud of worry hung over the housing market many feared that home sales would tumble in 2025, fueled by concerns about inflation and tariffs. This unexpected turn of events breathed new life into the market, pushing purchase application data into positive territory for the year.
The New Years week was expected to be slow, so it’s no surprise that newlistings and sales are down. The Christmas and New Year’s holidays fell on Wednesdays this year, which messes up two full weeks in terms of getting home sales done and tracking the numbers. Those will start rebounding in next weeks data.
In 2025, mortgage rates have ranged between 7.26%-6.64%. However, as mortgage rates started to rise late into 2024 and have stayed elevated in 2025, that has facilitated a slight but consistent decline in pending sales year over year. With that in mind, read my labor model for 2025 after the jobs report on how you get there!
There were 45,000 newlistings for single-family homes across the country this week, which is a big jump. This is the trend that will be the theme for 2025. Were expecting inventory to grow for 2025 and end the year with about 15% more homes on the market. I do not expect a flood of new sellers, but we do see growth.
10-year yield and mortgage rates In my 2025 forecast, I anticipate the following ranges: Mortgage rates will be between 5.75% and 7.25% The 10-year yield will fluctuate between 3.80% and 4.70% So far in 2025, we have consistently been near the upper end of the year’s forecast.
Newlistings volume is trying to grow with its biggest week since September. List prices inched up for the week, though sales prices did not advance. Are there any signs of sales growing for 2025? See the purple line for 2025 keeps coming in just below 2024. in 2025 over the previous year.
Newlistings move upward, but remain historically low Altos uses new real estate listings data as a key indicator of seller activity in the D.C NewListings are the homes that were listed for sale in a given week and added to the active inventory. housing market. As unemployment in D.C housing market.
24): Inventory fell from 569,898 to 565,875 The all-time inventory bottom was in 2022 at 240,497 The inventory peak for 2024 so far is 739,434 For some context, active listings for this week in 2015 were 1,104,310 Newlistings data While active inventory didn’t rise, we did get a nice boost in newlistings this last week.
Its quite obvious that stubbornly high mortgage rates slowed down early season homebuyers in the first quarter of 2025. Last week at HousingWires Housing Economic Summit in Dallas, I shared the data on why I expect that the same 6% threshold will be what were facing in 2025. In this chart were looking at the unsold newlistings.
Total active listings are experiencing their traditional seasonal decline, but with less than two weeks left in the year, its evident that there are ready homebuyers in America. However, we need lower mortgage rates to grow sales in a bigger fashion in 2025. Weekly inventory change (Dec. I still consider this a positive outcome.
Lets take a look at the data for the final week of January 2025. This might reverse the trend and push home prices higher in 2025. Weve forecasted 15% gains in inventory for the calendar year 2025 over 2024. Newlistings drop There were just under 49,000 newlistings unsold for single-family homes this week.
We saw this in September 2022, again in September 2023, in May 2024, and in February 2025. Newlistings Home sales growth has been one trend of the last month. There were just over 76,000 single-family newlistings unsold this week. This chart has a line for the weekly newlistings each year.
In a new episode of the Top of Mind podcast , host Mike Simonsen sits down with Orphe Divounguy, senior economist at Zillow. They explore forecasts for the 2025 housing market, key macroeconomic trends to monitor, solutions to the housing affordability crisis and more. Simonsen: Is there any recession risk now and as we look at 2025?
Newlistings are hitting the market Last year was an environment with 5% to 10% more sellers each week than a year prior. This week, the newlistings stat has grown with slightly more sellers. This indicates slow market stabilization and continued inventory growth throughout 2025. While there were 3.8%
But in Altadena, where the majority of neighborhoods are Black , sale prices actually declined during the year ending in February 2025. While sales tanked and prices shifted, newlistings slowed. In the Palisades, there were 23 newlistings in February 2025, down 12% year over year. annually in February.
Lets look at the Altos Research data for this week, the middle of January 2025. Newlistings lower than last week Inventory is building because of demand weakness, not because of supply growth. In fact, it seems like the high mortgage rates are holding back newlistings, too. Thats up 1.25% from last week.
The median list price of homes in the US is $435,000; the median price of newlistings is $435,900. Vacancy rates from 2003 to 2024 (Source: Census Bureau ) As of February 2025, the national median rent price is $1,375. The average days homes stay on the market is 117 days; the median days on market is 77 days.
Just Listed postcards Just listed postcard from Wise Pelican Just Listed postcard with QR code from Agents Assemble on Etsy Luxury Just Listed postcard from Wise Pelican Just Listed postcard from Corefact Just Listed postcards are designed to create excitement and interest around a property that has recently been listed for sale.
With just a few local market exceptions, home prices nationally will finish the year up again and will go into 2025 with some upward momentum. The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. Home prices ticked up this week.
Active listings of homes for sale rose to the highest level since early in the pandemic. Newlistings hit the highest level since July 2022, increasing 1.9% Newlistings: Newlistings rose most in Seattle (30.8%); Oakland, California (27.7%); and Sacramento, California (25%). They climbed 0.3%
Newlistings rise There were just under 61,000 newlistings unsold this week. So, the newlistings volume last year was low and dropping. While it’s late in the year, you could say that the weekly newlistings are in the “old normal” range now. I think that’s the key.
According to Zillows estimate, a prediction of gradually falling mortgage rates in 2025 portends modest growth in both sales and home price appreciation. By 2025, that figure ought to increase somewhat to 4.16 In 2025, home prices are expected to increase by 2.2%, which is exactly in line with the 2.3% 28 New York $680,934 7.0%
As newlistings increase and mortgage rates declineat least somewhatfrom their peak in early January, the market should pick up steam in the upcoming weeks. Highlights Four weeks ending January 26, 2025 Year-over-year change Median sale price $377,125 4.8% Median asking price $407,225 5.2% Median asking price $407,225 5.2%
AirDNA, a provider of short-term rental (STR) analytics, has released its 2025 Outlook Report , predicting steady growth and stabilization for the U.S. by the end of 2025. This recovery will be fueled by sustained demand growth and a marked slowdown in new supply. 2025 will be a dynamic year for growth, Lane emphasized.
The number of newly listed houses was 10.8% This puts the number of newlistings at its highest January level since 2021 and indicates that sellers are becoming more interested in the market. The percentage of mortgage holders with a rate below 6% dropped to 83% from 88% a year earlier, according to a new Realtor.com analysis.
Newlistings are down 2.5% In order to ascertain whether more home tours ultimately result in more home sales and whether more sellers begin selling their properties as we settle into 2025, Redfin will closely monitor pending transactions and newlistings over the coming weeks. The post New Year New Home?
“It is expected that we will see slower price growth in early 2025 as inventory increases and affordability continues to be a constraint.” ” She noted that the wildfires in Los Angeles have already driven rents higher, and home prices will be pushed up in the surrounding areas as displaced homeowners search for new homes.
February 2025 Housing Market Highlights: United States Prices Plummeting in Texas and Florida Prices fell in six major U.S. Metro-Level Highlights: February 2025 Prices: Median sale prices rose most from a year earlier in Milwaukee (20%), Detroit (12.5%) and Nassau County (11.7%).
New Redfin data reported the largest gain since the end of last year occurred in the four weeks ending February 2, when newlistings of homes for sale in the U.S.increased 7.9% A larger pool of options is becoming available to homebuyers as a result of the increase in newlistings and the decline in sales.
After inching downward at the beginning of the month, mortgage rates reversed course halfway through December and have been rising sincein part because the Federal Reserve projected fewer 2025 interest-rate cuts than anticipated. Newlistings fell 1.6% Home Prices Post Largest Gain in Nearly a Year The median U.S.
in 2025, according to the Q2 2024 Fannie Mae Home Price Expectations Survey (HPES) —conducted in collaboration with Pulsenomics, LLC. Listings have trended generally upward of late, suggesting to us that a rising number of current homeowners can no longer put off moving. Following a 6.6% in 2024 and 3.2% projection.
Theyre deployed across the process, like tools that scrape MLS listings, public records, and private data sources to find undervalued or off-market properties. In fact, a 2025 survey of 100+ real estate brokerages revealed that almost nine out of ten (87%) broker agents are reportedly actively using AI in their workflow.
17, total active listings were at 806,701, down 16.2% However, newlistings have stabilized, ticking up slightly since the beginning of September. “In one week, we had the biggest decline in newlistings data all year, which might indicate Americans are giving up on listing their homes.
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