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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: April 10, 2025. Next scheduled update: May 8, 2025. Sources: Realtor.com® and Freddie Mac.
Total Homes for Sale
892,561
+29% year over year (March 2024)
There are more homes on the market than this time last year—a big step in the right direction. It’s still not enough to meet demand, but as we head into spring and more sellers list their homes, we could see the market start to balance out.
Average 15-Year Fixed Mortgage Rate
5.83%
-0.2 month over month (February 2025)
Good news, folks! The average rate on a 15-year fixed mortgage dipped a bit last month compared to February. The weekly average hit 5.79%—the lowest we've seen since October. If this trend continues, buying a home could become more affordable.
Median Home Price
$424,900
+3% month over month (February 2025)
Home prices are ticking up a bit, which is normal for spring and summer. 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
53
-13 days month over month (February 2025)
Spring is the busiest season for buying and selling homes—and it’s already picking up. March kicked off the season, and homes are selling faster now than they were in February.
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.
