Increased Price Reductions Could Give Buyers More Room to Negotiate This Spring
Realtor.com's February Housing Report reveals significant shifts in the housing market. The share of homes with price reductions increased to 16.8% from 14.6% last February, while newly listed homes rose 4.2% year-over-year, marking the highest February activity since 2021.
The median home listing price decreased to $412,000, influenced by more smaller homes entering the market. Properties spent an average of 66 days on the market, marking the 11th consecutive month of extended selling times compared to the previous year, though still moving faster than pre-pandemic levels.
Despite recent federal workforce uncertainties, markets with high government employment concentrations haven't shown notable trends in inventory growth, time on market, or price softening. In the Washington, D.C. area, price reductions increased by 2.3 percentage points year-over-year, ranking 23rd among metros for largest increases in price reductions.
Il Rapporto sul Mercato Immobiliare di Realtor.com di febbraio rivela significativi cambiamenti nel mercato delle abitazioni. La quota di case con riduzioni di prezzo è aumentata al 16,8% rispetto al 14,6% dello scorso febbraio, mentre le nuove inserzioni di case sono aumentate del 4,2% su base annua, segnando l'attività di febbraio più alta dal 2021.
Il prezzo medio di listino delle case è diminuito a $412.000, influenzato dall'ingresso di più abitazioni di dimensioni più piccole nel mercato. Le proprietà sono rimaste in media 66 giorni sul mercato, segnando l'undicesimo mese consecutivo di tempi di vendita prolungati rispetto all'anno precedente, anche se si muovono ancora più velocemente rispetto ai livelli pre-pandemia.
Nonostante le recenti incertezze nel settore pubblico federale, i mercati con alte concentrazioni di occupazione governativa non hanno mostrato tendenze significative nella crescita dell'inventario, nei tempi di mercato o nell'ammorbidimento dei prezzi. Nella zona di Washington, D.C., le riduzioni di prezzo sono aumentate di 2,3 punti percentuali su base annua, classificandosi al 23° posto tra le aree metropolitane per i maggiori aumenti delle riduzioni di prezzo.
El Informe de Vivienda de Realtor.com de febrero revela cambios significativos en el mercado de la vivienda. La proporción de hogares con reducciones de precio aumentó al 16.8% desde el 14.6% del febrero pasado, mientras que las nuevas listas de viviendas aumentaron 4.2% interanualmente, marcando la mayor actividad de febrero desde 2021.
El precio medio de listado de viviendas disminuyó a $412,000, influenciado por la entrada de más viviendas pequeñas en el mercado. Las propiedades pasaron un promedio de 66 días en el mercado, marcando el undécimo mes consecutivo de tiempos de venta prolongados en comparación con el año anterior, aunque todavía se mueven más rápido que los niveles previos a la pandemia.
A pesar de las recientes incertidumbres en el empleo federal, los mercados con altas concentraciones de empleo gubernamental no han mostrado tendencias notables en el crecimiento del inventario, el tiempo en el mercado o la suavización de precios. En el área de Washington, D.C., las reducciones de precio aumentaron en 2.3 puntos porcentuales interanualmente, ocupando el puesto 23 entre las áreas metropolitanas con los mayores incrementos en reducciones de precio.
Realtor.com의 2월 주택 보고서는 주택 시장의 중대한 변화를 보여줍니다. 가격 인하가 있는 주택의 비율이 작년 2월 14.6%에서 16.8%로 증가했으며, 신규 매물은 전년 대비 4.2% 상승하여 2021년 이후 가장 높은 2월 활동을 기록했습니다.
주택의 중간 매물 가격은 $412,000으로 감소했으며, 이는 더 많은 소형 주택이 시장에 진입한 영향입니다. 부동산은 평균 66일 동안 시장에 머물렀으며, 이는 지난해에 비해 판매 시간이 11개월 연속으로 연장된 것을 의미하지만 여전히 팬데믹 이전 수준보다 빠르게 움직이고 있습니다.
최근 연방 정부의 고용 불확실성에도 불구하고, 정부 고용이 많은 시장에서는 재고 증가, 시장에 머무는 시간 또는 가격 하락의 뚜렷한 경향이 나타나지 않았습니다. 워싱턴 D.C. 지역에서는 가격 인하가 전년 대비 2.3포인트 증가하여 가격 인하 증가폭이 가장 큰 대도시 중 23위에 올랐습니다.
Le Rapport sur le Marché Immobilier de Realtor.com pour février révèle des changements significatifs sur le marché immobilier. La part des maisons avec réductions de prix a augmenté à 16,8% contre 14,6% en février dernier, tandis que les nouvelles inscriptions de maisons ont augmenté de 4,2% d'une année sur l'autre, marquant la plus forte activité de février depuis 2021.
Le prix médian des annonces immobilières a diminué à $412,000, influencé par l'entrée de plus de petites maisons sur le marché. Les propriétés ont passé en moyenne 66 jours sur le marché, marquant le onzième mois consécutif de temps de vente prolongés par rapport à l'année précédente, bien qu'elles se déplacent encore plus rapidement qu'avant la pandémie.
Malgré les récentes incertitudes concernant l'emploi fédéral, les marchés avec une forte concentration d'emplois gouvernementaux n'ont pas montré de tendances notables en matière de croissance des stocks, de temps sur le marché ou d'assouplissement des prix. Dans la région de Washington, D.C., les réductions de prix ont augmenté de 2,3 points de pourcentage d'une année sur l'autre, se classant au 23ème rang parmi les grandes métropoles pour les plus fortes augmentations des réductions de prix.
Der Wohnungsbericht von Realtor.com für Februar zeigt bedeutende Veränderungen auf dem Wohnungsmarkt. Der Anteil der Häuser mit Preisreduzierungen stieg von 14,6 % im vergangenen Februar auf 16,8 %, während die neu gelisteten Häuser im Jahresvergleich um 4,2 % zunahmen und damit die höchste Februar-Aktivität seit 2021 markierten.
Der Medianpreis für Wohnungslisten sank auf $412.000, beeinflusst durch den Eintritt von mehr kleineren Häusern in den Markt. Immobilien blieben im Durchschnitt 66 Tage auf dem Markt, was den elften Monat in Folge mit verlängerten Verkaufszeiten im Vergleich zum Vorjahr markiert, obwohl sie immer noch schneller verkauft werden als vor der Pandemie.
Trotz der jüngsten Unsicherheiten im Bundesarbeitsmarkt haben Märkte mit hoher Beschäftigung im öffentlichen Sektor keine nennenswerten Trends im Bestandswachstum, in der Zeit auf dem Markt oder in der Preisabschreibung gezeigt. Im Raum Washington, D.C. stiegen die Preisreduzierungen im Jahresvergleich um 2,3 Prozentpunkte und belegten den 23. Platz unter den Metropolen mit den größten Anstiegen bei Preisreduzierungen.
- New listings increased 4.2% YoY, highest since 2021
- Market showing signs of balancing with increased inventory
- Homes still selling 11 days faster than pre-pandemic average
- Price reductions increased to 16.8% from 14.6% YoY
- Median listing price declined YoY to $412,000
- Homes spending longer time on market (66 days) compared to 2024
Insights
The February Realtor.com Housing Report signals a significant market rebalancing that could reshape the competitive landscape for real estate services companies like News Corp's Realtor.com. The 27.5% surge in active listings represents one of the most substantial inventory increases in years, creating a fundamental shift from the extreme seller's market of 2021-2022.
This evolving market dynamic presents both opportunities and challenges for News Corp's digital real estate segment. As buyers gain negotiating power (evidenced by price reductions increasing to 16.8% of listings), Realtor.com's premium services for sellers may face pressure, while buyer-focused tools could see increased engagement and monetization potential.
The 4.2% year-over-year increase in new listings suggests sellers are adapting to persistent higher interest rates rather than waiting for significant rate drops. This seller capitulation typically marks an important psychological turning point in real estate cycles that precedes broader market normalization.
Regional variations are particularly noteworthy for investors in geographically focused REITs and homebuilders. The South and Midwest are experiencing the most significant increases in days-on-market (7-8 additional days), potentially signaling weakening demand in previously hot markets.
The Washington D.C. market bears watching as a potential leading indicator, with price reductions accelerating weekly throughout February despite no immediate impact from federal workforce uncertainty. This suggests market fundamentals were already softening before recent government employment concerns.
For News Corp investors, these trends suggest Realtor.com may need to adapt its service offerings and pricing models as the market transitions from extreme seller advantage to more balanced conditions. The company's ability to monetize a higher-inventory, slower-moving market will be important for maintaining digital real estate services revenue growth through 2025.
- Newly listed homes increase
4.2% year over year, slightly slower than January's pace - Homes actively for sale increase
27.5% compared with last year - Impact of the recent turmoil within the Federal workforce is not yet apparent in housing data
"While rates remain elevated, we are beginning to see green shoots in the market as sellers grow tired of waiting for significant changes in interest and mortgage rates," said Danielle Hale, chief economist, Realtor.com®. "If these trends continue for the next few months, we could see a market that is entering into more balanced terrain, with rising inventory and a potential future slowdown in price growth. While the market does not look like it did before the pandemic, we are moving away from the ultrahigh demand, low inventory period we saw in 2021 and 2022."
In February, the median home listing price dipped below last year's level, to
Federal Employment Uncertainty Has Not Yet Reached the Housing Market
Despite a swell of attention, data from this month's report shows that there is no clear connection yet between the markets experiencing the most significant slowdowns and those with a large government workforce. As of February, these markets have not shown notable trends in inventory growth, increasing time on market, softening prices or price reductions. Given the recency of these workforce changes, this is expected at this point in time, and it does not rule out future effects. The health of a local housing market is often tied to the health of the local labor market. Federal workforce reductions could have ripple effects on housing markets with a high concentration of government employees, and the degree of the impact is likely to depend on the health of the private sector in these markets and its ability to provide new opportunities.
For now, housing conditions in these areas are not notably different from other markets. Prior research from Realtor.com® suggests that the typical home seller takes at least two weeks, and often longer, to prepare a home for sale, so any real impact is likely ahead.
In the
Homes Stay on the Market Longer than 2024, But Still Move Faster than Pre-Pandemic
Homes are staying on the market longer, and February 2025 is the 11th month in a row where homes have spent more time on market compared to the previous year. Homes in February spent on average 66 days on the market, 11 fewer days than the average February between 2017 and 2019. Regionally, the South and Midwest saw the biggest gains in time on market this month, averaging an additional seven and eight days on market, respectively.
February 2025 Housing Metrics – National | ||
Metric | Change over Feb. 2024 | Change over Jan. 2019 |
Median listing price | - | +39.2 % |
Active listings | +27.5 % | -23.1 % |
New listings | +4.2 % | -13.7 % |
Median days on market | +5 days (to 66 days) | -9 days |
Share of active listings with price | +2.2 percentage points (to | +1.2 percentage points |
Median List Price Per Sq.Ft. | +1.2 % | +54.8 % |
February 2025 Housing Overview of the 50 Largest Metros | ||||||
Metro Area | Federal | Median Listing | Median Listing | Median Listing | Median Listing | Median Listing |
1.8 % | -2.7 % | -1.3 % | 24.8 % | 55.9 % | ||
1.0 % | -7.9 % | -5.9 % | 42.6 % | 54.3 % | ||
3.7 % | 6.2 % | 2.0 % | 16.7 % | 28.5 % | ||
1.8 % | 0.3 % | 0.5 % | 20.3 % | 33.6 % | ||
1.4 % | -1.8 % | 1.6 % | 52.8 % | 73.6 % | ||
2.0 % | -0.5 % | 1.1 % | 37.0 % | 52.7 % | ||
0.8 % | 4.9 % | 1.3 % | 27.2 % | 62.2 % | ||
1.2 % | -2.9 % | -0.3 % | 11.9 % | 30.2 % | ||
1.4 % | -3.7 % | 2.2 % | 28.0 % | 54.6 % | ||
2.0 % | 14.0 % | 14.9 % | 34.3 % | 60.1 % | ||
1.4 % | -7.2 % | 1.6 % | 29.9 % | 59.9 % | ||
1.2 % | -4.4 % | -0.6 % | 19.7 % | 43.6 % | ||
1.8 % | -6.1 % | -3.0 % | 14.6 % | 44.3 % | ||
1.5 % | 4.6 % | 2.9 % | 9.1 % | 26.9 % | ||
0.6 % | -6.2 % | -2.3 % | 39.1 % | 52.6 % | ||
0.9 % | 6.6 % | 12.4 % | 48.4 % | 61.8 % | ||
1.0 % | -0.5 % | -1.0 % | 15.5 % | 37.6 % | ||
1.8 % | -5.8 % | 0.1 % | 16.6 % | 52.8 % | ||
2.5 % | -5.3 % | -3.3 % | 29.4 % | 51.1 % | ||
2.6 % | -9.9 % | -0.9 % | 21.4 % | 44.2 % | ||
1.3 % | 1.1 % | 3.0 % | 51.2 % | 58.0 % | ||
0.9 % | -1.6 % | 1.4 % | 49.3 % | 55.1 % | ||
1.6 % | -0.3 % | 1.6 % | 20.2 % | 44.7 % | ||
2.8 % | 1.3 % | 2.7 % | 59.4 % | 69.8 % | ||
1.2 % | -6.4 % | -5.1 % | 32.1 % | 48.4 % | ||
1.3 % | 6.4 % | 6.8 % | 43.2 % | 54.4 % | ||
1.1 % | 0.1 % | -0.6 % | 11.6 % | 28.4 % | ||
1.5 % | -5.4 % | -1.0 % | 47.4 % | 63.3 % | ||
1.1 % | 1.9 % | -2.4 % | 39.6 % | 79.4 % | ||
4.2 % | -2.6 % | 1.3 % | 33.5 % | 47.2 % | ||
1.2 % | -3.7 % | -2.4 % | 39.0 % | 54.2 % | ||
1.8 % | 3.0 % | 4.4 % | 40.0 % | 59.4 % | ||
1.0 % | -4.9 % | -1.0 % | 47.2 % | 59.3 % | ||
1.7 % | 0.9 % | 2.3 % | 37.1 % | 38.0 % | ||
1.4 % | -0.3 % | -0.6 % | 25.2 % | 40.0 % | ||
1.4 % | 7.0 % | 7.8 % | 49.7 % | 52.7 % | ||
0.9 % | -1.5 % | 0.4 % | 22.9 % | 54.7 % | ||
2.7 % | -4.2 % | 2.3 % | 34.5 % | 59.8 % | ||
1.0 % | 0.7 % | 0.8 % | 49.9 % | 59.9 % | ||
1.3 % | -2.2 % | -1.3 % | 34.0 % | 39.0 % | ||
3.0 % | -2.4 % | -2.1 % | 14.4 % | 36.6 % | ||
3.1 % | -4.7 % | -2.0 % | 42.0 % | 62.4 % | ||
1.2 % | -9.0 % | -7.3 % | 1.5 % | 17.9 % | ||
1.0 % | -4.6 % | 0.2 % | 19.1 % | 21.4 % | ||
1.5 % | -3.6 % | 0.9 % | 24.2 % | 54.0 % | ||
1.8 % | -3.7 % | -2.8 % | 31.8 % | 31.0 % | ||
2.0 % | -4.0 % | -4.0 % | 47.8 % | 64.2 % | ||
2.8 % | -1.0 % | -1.2 % | 38.7 % | 55.7 % | ||
7.0 % | 1.4 % | 5.4 % | 41.7 % | 53.9 % | ||
11.0 % | -3.3 % | 0.0 % | 28.9 % | 58.4 % | ||
Source:
Metro Area | Active Listing | New Listing | Median Days | Median Days | Price– | Price- |
40.9 % | 7.1 % | 58 | 16 | 20.5 % | 5.1 pp | |
19.6 % | 1.7 % | 66 | 6 | 20.2 % | -0.6 pp | |
30.5 % | 3.5 % | 41 | -3 | 12.8 % | 1.4 pp | |
17.2 % | 6.4 % | 71 | 5 | 15.0 % | 1.7 pp | |
11.7 % | -2.8 % | 33 | 0 | 9.5 % | 1.7 pp | |
25.2 % | -20.0 % | 79 | 13 | 6.0 % | 0.8 pp | |
45.7 % | 9.3 % | 56 | 11 | 20.9 % | 6.4 pp | |
9.0 % | -0.1 % | 43 | 2 | 10.4 % | 1.5 pp | |
25.4 % | 9.5 % | 50 | 11 | 14.0 % | 3.1 pp | |
11.7 % | -6.0 % | 61 | 10 | 13.0 % | 1.8 pp | |
34.8 % | 4.3 % | 49 | 12 | 18.4 % | 2.6 pp | |
36.1 % | 0.2 % | 56 | 9 | 22.0 % | 2.8 pp | |
64.4 % | 20.1 % | 44 | 10 | 22.9 % | 8.0 pp | |
6.2 % | -8.3 % | 52 | 6 | 11.1 % | -0.3 pp | |
29.8 % | 5.2 % | 56 | 5 | 10.7 % | 2.9 pp | |
4.4 % | -1.7 % | 38 | -3 | 6.0 % | -0.1 pp | |
28.1 % | 8.8 % | 54 | 6 | 17.6 % | 0.9 pp | |
22.8 % | 0.3 % | 63 | 4 | 19.6 % | 3.9 pp | |
36.8 % | -3.7 % | 66 | 16 | 26.6 % | 5.8 pp | |
11.4 % | -4.2 % | 75 | 3 | 10.7 % | -0.1 pp | |
60.8 % | 19.7 % | 47 | 8 | 19.2 % | 5.7 pp | |
43.0 % | 27.1 % | 39 | -1 | 11.8 % | 2.9 pp | |
19.8 % | -3.1 % | 51 | 4 | 17.0 % | 2.6 pp | |
29.1 % | -2.0 % | 71 | 4 | 19.2 % | 1.0 pp | |
39.2 % | 7.1 % | 74 | 12 | 20.6 % | 1.0 pp | |
11.1 % | 24.3 % | 36 | -1 | 11.3 % | 1.2 pp | |
8.8 % | -6.3 % | 41 | 4 | 9.8 % | 1.3 pp | |
30.8 % | 12.9 % | 55 | 16 | 16.0 % | -1.4 pp | |
1.0 % | 0.0 % | 68 | -1 | 5.9 % | -0.6 pp | |
34.2 % | 5.1 % | 52 | -4 | 17.0 % | -1.1 pp | |
43.8 % | 17.1 % | 74 | 10 | 23.3 % | 3.6 pp | |
14.6 % | -3.4 % | 52 | -7 | 11.8 % | 0.8 pp | |
45.3 % | 14.7 % | 56 | 11 | 30.2 % | 5.2 pp | |
13.7 % | -10.1 % | 86 | 9 | 14.2 % | -0.2 pp | |
24.8 % | -2.0 % | 75 | 21 | 22.5 % | 3.5 pp | |
20.2 % | -3.0 % | 39 | 1 | 8.7 % | 1.9 pp | |
41.6 % | 6.2 % | 53 | 9 | 15.7 % | 3.5 pp | |
16.9 % | -5.1 % | 49 | 1 | 10.5 % | 1.6 pp | |
47.2 % | 17.8 % | 60 | 10 | 17.0 % | 4.0 pp | |
45.4 % | 20.9 % | 39 | 0 | 13.4 % | 3.0 pp | |
15.1 % | 0.2 % | 76 | 8 | 24.7 % | 3.5 pp | |
61.3 % | 24.3 % | 34 | 1 | 14.6 % | 4.0 pp | |
34.0 % | 27.2 % | 30 | 2 | 9.4 % | 1.9 pp | |
46.1 % | 28.0 % | 22 | -1 | 7.3 % | 2.2 pp | |
40.8 % | 4.2 % | 35 | 3 | 11.2 % | 3.9 pp | |
13.8 % | 3.8 % | 53 | 5 | 12.7 % | 2.2 pp | |
28.9 % | 3.9 % | 66 | 9 | 27.5 % | 2.0 pp | |
47.4 % | 8.9 % | 52 | 8 | 24.1 % | 6.3 pp | |
27.2 % | 1.9 % | 39 | 3 | 16.0 % | 1.0 pp | |
41.0 % | 8.5 % | 34 | -3 | 10.8 % | 2.3 pp |
Methodology
Realtor.com® housing data as of February 2025. Listings include the active inventory of existing single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com®; new construction is excluded unless listed via an MLS that provides listing data to Realtor.com®. Realtor.com® data history goes back to July 2016. The 50 largest
About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.
Media contact: Mallory Micetich, press@realtor.com
View original content:https://www.prnewswire.com/news-releases/increased-price-reductions-could-give-buyers-more-room-to-negotiate-this-spring-302386752.html
SOURCE Realtor.com
FAQ
What is the current median home listing price according to Realtor.com's February report?
How long are homes staying on the market compared to last year?
What percentage of homes had price reductions in February 2025?
How has new home listing activity changed compared to last year?
How has the federal workforce uncertainty affected housing markets in government-heavy areas?
