The U.S. housing market experienced modest growth with a mere 0.8% increase in median home prices from May 2024 to May 2025. In contrast, new home prices dropped significantly by 7.5%, averaging around $403,600. Increased inventory, with approximately 34% more sellers than buyers, has empowered home buyers. Economists predict a market equilibrium with slight price increases between 2-4% within the year. Realtor.com identified the hottest housing markets based on various supply and demand indicators, reflecting local real estate trends. A stable housing market is vital for economic growth and employment.
The U.S. housing market is stabilizing, with modest home price growth and a significant increase in housing inventory favoring buyers.
New home prices have seen a substantial decline, down 7.5% year-over-year, contrasting with the slight uptick in median home prices.
As buyer power rises due to increased inventory, economists anticipate a balance in the housing market, projecting a price increase of 2-4% within the year.
Realtor.com's Market Hotness Index ranks America's hottest housing markets based on demand dynamics, indicating local trends in home prices and sales.
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