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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: March 6, 2025. Next scheduled update: April 10, 2025. Sources: Realtor.com® and Freddie Mac.
Total Homes for Sale
847,825
+28% year over year (February 2024)
Even though there are more houses on the market compared to this time last year, there’s still not enough inventory to meet demand. But the good news? The market usually picks up in the spring, and as more sellers list their homes, it could help create a better balance.
Average 15-Year Fixed Mortgage Rate
6.03%
-0.13 month over month (January 2025)
The average 15-year fixed rate went down last month compared to January 2025. Great news for buyers! If this trend continues, buying a home could become more affordable.
Median Home Price
$412,000
+3% month over month (January 2025)
Home prices went up a little, which is normal as we head into spring. There’ll be more homes hitting the market, giving buyers more options. But as more buyers jump into the market, competition could push prices higher.
Median Days on Market
66
-7 days month over month (January 2025)
February is still a slower month for home sales, but the market usually picks up in March as we head into spring—the busiest season for buying and selling.
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.
