Real Estate Trends, March 2025 | Prices Up, Sales Down
Donald Horne, Broker / Owner, Team Success Listing LLC
The housing market in March 2025 brought a mixed bag of results, showing both strength in pricing and softness in sales activity. According to the latest data, the median home sale price rose 4.0% compared to March 2024. This signals that buyer demand, while more selective, is still driving competition for well-priced homes.
However, not all market indicators moved in the same direction. Closed sales dropped by 10.4%, and pending sales fell 5.6%, suggesting that some buyers are hitting pause, potentially due to affordability concerns or higher interest rates.
On the supply side, there’s been a noticeable shift. New listings increased by 7.9%, while homes on the market surged 19.0% year-over-year. With more inventory available, buyers are gaining negotiating power, which could slow price growth in the coming months.
Average days on market also climbed to 47 days, up by 7 days from last year, indicating that homes are taking slightly longer to sell.
So, what does this mean for buyers and sellers?
For sellers, pricing your home competitively is key in this evolving market. While prices are still on the rise, buyers have more choices and are taking their time. For buyers, the increase in inventory means more options and potentially more favorable terms, especially if you’re prepared to act decisively.
As we head into the spring market, expect continued shifts—especially if mortgage rates adjust or economic conditions change. Whether you’re thinking of buying or selling, staying informed is essential for making smart real estate decisions.
Donald Horne / Broker-Owner
Team Success Listing LLC
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