U.S. Real Estate Market Report – January 2025

The U.S. housing market experienced a nearly 5% month-over-month sales slide in January. However, the market experienced ongoing growth in both year-over-year number of sales and sales price.

According to the National Association of Realtors:
📊 U.S. Housing Market Highlights – January 2025:
✅Existing-Home Sales: Climbed 2% year-over-year from January 2024, the fourth straight monthly YOY increase.
✅Month-Over-Month Existing-Home Sales: Declined 4.9% to a seasonally adjusted annual rate of 4.08 million.
✅Median Existing-Home Sales Price: increased 4.8% YOY to $396,900 (from $378,600 in January 2024). Marks the 19th consecutive month of YOY price increases.
✅Median Days on the Market: Increased 13.89% YOY -- 41 vs. 36 in January 2024

✅Single-Family Home Sales: -5.2% MoM; annual rate, 3.68 million; +2.2% YOY
Median Sales Price: $402,000; +5% YOY to $402,000
✅Condominium Sales: -2.4% MoM; annual rate, 400,000 units, -2.4% YOY
Median Sales Price: $349,500; +2.9% YOY to $349,500 (from $339,500 in January 2024)

✅Regional Growth:
✔️West: -7.4% MoM; annual rate, 750,000; +1.4% YoY
Median Sales Price: $614,200; +7.4% YoY
✔️South: -6.2% MoM; annual rate, 1.83 million; -6.2% YoY
Median Sales Price: $356,300; +3.5% YoY
✔️Midwest: 0% MoM; annual rate, 1 million; +5.3% YoY
Median Sales Price: $290,400; +7.2% YoY
✔️Northeast: -5.7% MoM; annual rate, 500,000; +4.2% YoY
Median Sales Price: $475,400; +9.5% YoY

📈 Inventory of Unsold Existing Homes: Grew 3.5% MoM to 1.18 million, representing a 3.5 month supply; +16.8% YOY

👥 Who’s Buying?
✅Investors purchased 17% of homes, up from 16% in December, and matching 17% in January 2024.
✅First-time buyers made up 28%, down from 31% in December, and matching 28% in January 2024.

👉 Read more, https://bit.ly/nar-january-2025

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