Summary
In April 2025, the U.S. housing market witnessed a significant expansion in the number of homes available for sale, offering prospective buyers a wider variety of options than in previous months. This increase in inventory was accompanied by a notable rise in interest rates, which may impact affordability for many homebuyers.
There was also a considerable increase in the number of price reductions, indicative of changing market dynamics. The April 2025 U.S. Housing Market Report contains valuable information for homebuyers and sellers.
Report
Is the housing market finally turning in your favor? Let’s dive into the latest real estate trends with data from the Realtor.com April 2025 Monthly Housing Market Trends Report.
Good news for buyers: The number of homes for sale jumped 30.6% compared to last year. This marks the 18th straight month of increasing inventory, giving buyers more choices than we’ve seen in a while. This surge in inventory has pushed levels past pre-pandemic benchmarks. The total number of unsold homes is up nearly 20% year-over-year.
Despite rising inventory, pending home sales increased by 3.2% from last year. Rising mortgage rates are likely putting pressure on buyers, causing them to pause their home searches.
New listings are up 9.2%, a 2% increase compared to last year, offering a silver lining for those looking to sell. However, this increase is slightly less than the previous month. Homes are staying on the market longer, with a median of 50 days—4 days more than last year—indicating a slight cooling in the market. Despite this, homes are still selling faster than before the pandemic, meaning the market remains relatively active.
The national median list price is holding steady at $431,250. However, the income needed to afford a median-priced home has skyrocketed by almost $47,000 since 2019. More sellers are reducing prices, with 18% of listings seeing price cuts—this is the highest share since at least 2016—signaling a response to affordability challenges.
Inventory growth varies across the country: The West and South are seeing the biggest increases, while the Midwest and Northeast lag behind. Cities like Denver, Austin, and Dallas are leading the way in inventory recovery; these metros have exceeded pre-pandemic inventory levels.
Understanding these market trends is crucial for making informed decisions—whether you’re buying, selling, or simply keeping an eye on your investment. Knowledge is power.
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