Market Sees Positive Upticks in April (year-over-year)
Donald Horne, Broker / Owner, Team Success Listing LLC
The April 2025 housing market delivered a mixed bag of data, revealing important trends that both buyers and sellers should pay attention to. While closed sales and pending sales saw year-over-year declines, other metrics show a market that is balancing itself out, especially with rising inventory and stronger home prices.
Closed sales dropped by 9.9% compared to April of last year, and pending sales fell 6.6%, pointing to a slightly more cautious buyer pool. However, these numbers don’t tell the full story.
On the positive side, the median sale price jumped by 5.8%, signaling strong demand and continued buyer competition for desirable homes. At the same time, new listings increased by 7.3%, and the number of homes on the market surged by 23.6%, giving buyers more options than they’ve had in recent months.
The average days on market crept up slightly to 39 days, an increase of 4 days compared to last year. This suggests homes are still moving, but buyers are taking a bit more time to make decisions.
What Does This Mean for You?
Sellers should take heart in the rising home prices and increased listing activity. If your home is priced correctly and well-presented, it still has a strong chance of selling. Buyers now have more choices and slightly more time to act, but competition on well-priced homes remains.
As the spring market continues, expect conditions to remain favorable, especially with increased inventory and buyer interest holding steady. If you’re considering buying or selling, now is the time to contact us for a smooth and stress-free journey.
Donald Horne / Broker-Owner
Team Success Listing LLC
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