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Housing Market Trends
Stay on top of real estate trends so you’ll be confident in conversations with customers.
*Last update: May 8, 2025. Next scheduled update: June 12, 2025. Sources: Realtor.com® and Freddie Mac.
Total Homes for Sale
959,251
+31% year over year (April 2024)
There are more homes on the market than this time last year—the most we’ve seen since December 2019. It’s a step in the right direction, but there’s still not enough to meet buyer demand in many areas. We’re in spring’s busy season, so we’re seeing more folks put their homes up for sale, which could help balance out the market.
Average 15-Year Fixed Mortgage Rate
5.90%
+0.07 month over month (March 2025)
The average 15-year fixed rate went up slightly from March but is still just under 6%. That’s encouraging for buyers in the market. If they’re financially ready, a small rate change shouldn’t keep them from buying a home they love.
Median Home Price
$431,250
+1% month over month (March 2025)
Home prices went up a bit—which is normal for spring. We’re still seeing growth, but it’s happening more gradually than in recent years.
Median Days on Market
50
-3 days month over month (March 2025)
Although homes sold faster in April than in March—a typical trend for spring—they’re still moving more slowly than they were at this time last year.
Stream: Real Estate the Ramsey Way
Want to know what resonates with our referrals? Check out Dave Ramsey’s podcast Real Estate the Ramsey Way, where you can brush up on our teachings and advice.
