Spring Inventory Blooms, but Buyers Remain Cautious Amid Economic Uncertainty
The U.S. housing market shows mixed signals in March 2025, with new listings rising 10.2% annually to their highest March level in three years. However, buyer caution persists amid economic uncertainty, evidenced by a 5.2% YoY drop in pending home sales across major metro areas.
The national median listing price remained stable at $424,900, though 17.5% of active listings saw price reductions - the highest share for any March since 2016. Total inventory increased 28.5% YoY, with all 50 largest metro areas showing gains. Notable increases were seen in San Jose (+67.9%), Las Vegas (+67.8%), and Denver (+67.3%).
Despite improvements, total U.S. housing inventory remains 20.2% below pre-pandemic levels. Markets showing significant declines in pending sales include Jacksonville (-15.1%), Miami (-13.7%), and Virginia Beach (-14.2%), while San Jose (+6.4%), Grand Rapids (+6.1%), and Sacramento (+4.6%) demonstrated growth in pending listings.
Il mercato immobiliare statunitense mostra segnali contrastanti a marzo 2025, con nuove inserzioni in aumento del 10,2% su base annua, raggiungendo il livello più alto per marzo degli ultimi tre anni. Tuttavia, la cautela degli acquirenti persiste a causa dell'incertezza economica, come dimostrato da un calo del 5,2% delle vendite di case in attesa su base annua nelle principali aree metropolitane.
Il prezzo medio nazionale di inserzione è rimasto stabile a $424.900, sebbene il 17,5% delle inserzioni attive abbia registrato riduzioni di prezzo - la percentuale più alta per un marzo dal 2016. L'inventario totale è aumentato del 28,5% su base annua, con tutte le 50 maggiori aree metropolitane che mostrano guadagni. Aumenti notevoli sono stati registrati a San Jose (+67,9%), Las Vegas (+67,8%) e Denver (+67,3%).
Nonostante i miglioramenti, l'inventario totale delle abitazioni negli Stati Uniti rimane 20,2% al di sotto dei livelli pre-pandemia. I mercati che mostrano significativi cali nelle vendite in attesa includono Jacksonville (-15,1%), Miami (-13,7%) e Virginia Beach (-14,2%), mentre San Jose (+6,4%), Grand Rapids (+6,1%) e Sacramento (+4,6%) hanno dimostrato crescita nelle inserzioni in attesa.
El mercado de vivienda de EE. UU. muestra señales mixtas en marzo de 2025, con nuevas listas que aumentan un 10.2% anualmente, alcanzando su nivel más alto de marzo en tres años. Sin embargo, la cautela de los compradores persiste en medio de la incertidumbre económica, evidenciada por una caída del 5.2% en las ventas de casas pendientes en las principales áreas metropolitanas.
El precio medio nacional de lista se mantuvo estable en $424,900, aunque el 17.5% de las listas activas experimentaron reducciones de precio - la mayor proporción para un marzo desde 2016. El inventario total aumentó un 28.5% interanual, con las 50 áreas metropolitanas más grandes mostrando ganancias. Se observaron aumentos notables en San José (+67.9%), Las Vegas (+67.8%) y Denver (+67.3%).
A pesar de las mejoras, el inventario total de viviendas en EE. UU. sigue un 20.2% por debajo de los niveles previos a la pandemia. Los mercados que muestran caídas significativas en las ventas pendientes incluyen Jacksonville (-15.1%), Miami (-13.7%) y Virginia Beach (-14.2%), mientras que San José (+6.4%), Grand Rapids (+6.1%) y Sacramento (+4.6%) demostraron crecimiento en las listas pendientes.
2025년 3월 미국 주택 시장은 혼합 신호를 보이고 있으며, 새로운 매물은 연간 10.2% 증가하여 3년 만에 가장 높은 3월 수준에 도달했습니다. 그러나 경제적 불확실성 속에서 구매자들의 조심스러운 태도가 여전히 지속되고 있으며, 이는 주요 대도시 지역에서 주택 판매 대기 건수가 연간 5.2% 감소한 것으로 나타났습니다.
전국 중간 매물 가격은 $424,900으로 안정세를 유지했지만, 활성 매물의 17.5%가 가격 인하를 경험했습니다 - 2016년 이후 3월 중 가장 높은 비율입니다. 총 재고량은 연간 28.5% 증가했으며, 50대 대도시 모두에서 증가세를 보였습니다. 샌호세(+67.9%), 라스베가스(+67.8%), 덴버(+67.3%)에서 주목할 만한 증가가 있었습니다.
개선에도 불구하고, 미국의 총 주택 재고는 여전히 팬데믹 이전 수준보다 20.2% 낮습니다. 판매 대기 건수가 크게 감소한 시장으로는 잭슨빌(-15.1%), 마이애미(-13.7%), 버지니아 비치(-14.2%)가 있으며, 샌호세(+6.4%), 그랜드래피즈(+6.1%), 새크라멘토(+4.6%)는 대기 매물에서 성장을 보였습니다.
Le marché immobilier américain montre des signaux mitigés en mars 2025, avec de nouvelles annonces en hausse de 10,2 % par rapport à l'année précédente, atteignant le niveau le plus élevé de mars depuis trois ans. Cependant, la prudence des acheteurs persiste face à l'incertitude économique, comme en témoigne une baisse de 5,2 % des ventes de maisons en attente dans les principales zones métropolitaines.
Le prix médian national des annonces est resté stable à 424 900 $, bien que 17,5 % des annonces actives aient connu des réductions de prix - la part la plus élevée pour un mois de mars depuis 2016. L'inventaire total a augmenté de 28,5 % par rapport à l'année précédente, toutes les 50 plus grandes zones métropolitaines affichant des gains. Des augmentations notables ont été observées à San José (+67,9 %), Las Vegas (+67,8 %) et Denver (+67,3 %).
Malgré les améliorations, l'inventaire total des logements aux États-Unis reste 20,2 % en dessous des niveaux d'avant la pandémie. Les marchés affichant des baisses significatives des ventes en attente incluent Jacksonville (-15,1 %), Miami (-13,7 %) et Virginia Beach (-14,2 %), tandis que San José (+6,4 %), Grand Rapids (+6,1 %) et Sacramento (+4,6 %) ont montré une croissance des annonces en attente.
Der US-Immobilienmarkt zeigt im März 2025 gemischte Signale, mit neuen Angeboten, die jährlich um 10,2% steigen und den höchsten März-Wert seit drei Jahren erreichen. Dennoch bleibt die Vorsicht der Käufer angesichts wirtschaftlicher Unsicherheiten bestehen, was sich in einem Rückgang der ausstehenden Hausverkäufe um 5,2% im Jahresvergleich in großen Metropolregionen zeigt.
Der nationale Medianpreis für Angebote blieb stabil bei $424.900, obwohl 17,5% der aktiven Angebote Preisreduzierungen erlebten - der höchste Anteil für einen März seit 2016. Der gesamte Bestand stieg um 28,5% im Jahresvergleich, wobei alle 50 größten Metropolregionen Zuwächse verzeichneten. Bedeutende Zuwächse wurden in San Jose (+67,9%), Las Vegas (+67,8%) und Denver (+67,3%) verzeichnet.
Trotz der Verbesserungen liegt der gesamte US-Immobilienbestand 20,2% unter dem Niveau vor der Pandemie. Märkte mit signifikanten Rückgängen bei den ausstehenden Verkäufen sind Jacksonville (-15,1%), Miami (-13,7%) und Virginia Beach (-14,2%), während San Jose (+6,4%), Grand Rapids (+6,1%) und Sacramento (+4,6%) ein Wachstum bei den ausstehenden Angeboten zeigten.
- New listings increased 10.2% YoY, highest March level in 3 years
- Total inventory grew 28.5% YoY across all 50 largest metro areas
- 18 metros now exceed pre-pandemic inventory levels
- Pending home sales declined 5.2% YoY in major metro areas
- 17.5% of listings had price reductions, highest March level since 2016
- Total U.S. housing inventory still 20.2% below pre-pandemic levels
- 36 out of 44 analyzed metros posted declines in pending sales
- New listings hit highest March level in three years, rising
10.2% annually - Pending home sales drop
5.2% YoY in larger metro areas as buyers hesitate - Price drops hit their highest share for any March since 2016
"The spring housing season is beginning with more sellers and a growing number of homes for sale," said Danielle Hale, Chief Economist at Realtor.com®. "But the high cost of buying coupled with growing economic concerns suggest a sluggish response from buyers in early spring. We're seeing a market that's rebalancing, offering more choices for shoppers. Data also suggest that pricing competitively is key for sellers in today's environment. This is likely to be even more true after the mid-April Best Time to Sell, when the number of sellers grows even more swiftly. Recent improvements in mortgage rates bode well for the later spring and early-summer housing season, as long as economic concerns settle and don't knock buyers off course."
March 2025 Housing Metrics – National
Metric | Change over Mar. 2024 | Change over Mar. 2019 |
Median listing price | + | +38.9 % |
Active listings | +28.5 % | -20.0 % |
New listings | +10.2 % | -8.8 % |
Median days on market | +3 days (to 53 days) | -12 days |
Share of active listings with price reductions | +2.5 percentage points (to | +2.5 percentage points |
Median List Price Per Sq.Ft. | +1.3 % | +54.7 % |
Pending Home Sales Slide as Buyers Tread Carefully
According to pending home listings data from Realtor.com®, buyer momentum took a step back in March as the number of homes under contract, pending listings, fell
At the same time, a few markets bucked the trend including
Price Cuts Hit a March Record as Sellers Adjust to Budget-Conscious Buyers
List prices remained relatively stable, with the national median list price at
Markets with the highest share of price reductions included
Inventory Grows in the West and South, but the Pre-Pandemic Supply Gap Remains
In March, the total number of homes actively for sale jumped
For more information, visit www.realtor.com/research/data where monthly housing data sets, including historical figures, are available for download.
March 2025 Housing Overview of the 50 Largest Metros
Metro Area | Pending Listing | Median Listing | Median Listing | Median Listing | Median Listing | Median Listing |
-9.7 % | -2.4 % | -1.4 % | 23.9 % | 54.2 % | ||
N/A | -7.2 % | -4.4 % | 42.2 % | 57.0 % | ||
-4.4 % | 11.9 % | 3.6 % | 19.9 % | 29.1 % | ||
-0.6 % | -1.7 % | 0.4 % | 16.7 % | 31.7 % | ||
N/A | -1.2 % | 2.0 % | 52.1 % | 75.3 % | ||
2.5 % | -3.7 % | 1.7 % | 32.9 % | 51.0 % | ||
-5.5 % | 3.4 % | 0.6 % | 24.5 % | 59.9 % | ||
-1.9 % | -4.0 % | -1.0 % | 9.9 % | 29.3 % | ||
-3.1 % | -4.5 % | 2.3 % | 25.0 % | 54.8 % | ||
-5.8 % | 8.7 % | 8.9 % | 30.1 % | 56.6 % | ||
N/A | -5.2 % | 1.1 % | 26.0 % | 59.0 % | ||
-5.1 % | -3.7 % | -0.6 % | 19.7 % | 42.9 % | ||
-1.5 % | -5.6 % | -2.4 % | 13.5 % | 43.7 % | ||
-7.3 % | 2.1 % | 2.8 % | 5.2 % | 25.0 % | ||
6.1 % | -7.2 % | -0.5 % | 36.1 % | 52.6 % | ||
-7.7 % | 9.9 % | 11.2 % | 51.6 % | 61.4 % | ||
-2.7 % | 1.2 % | -0.4 % | 15.3 % | 37.5 % | ||
-0.5 % | -4.5 % | 0.1 % | 17.0 % | 51.9 % | ||
-15.1 % | -3.9 % | -2.6 % | 30.8 % | 51.2 % | ||
3.4 % | -6.9 % | 0.6 % | 23.6 % | 45.6 % | ||
-5.6 % | 0.0 % | 2.2 % | 50.3 % | 57.5 % | ||
1.2 % | 2.5 % | 1.9 % | 53.0 % | 54.9 % | ||
-5.0 % | 1.6 % | 1.7 % | 18.6 % | 44.4 % | ||
-13.0 % | 2.5 % | 2.3 % | 56.8 % | 68.9 % | ||
-13.7 % | -6.7 % | -4.5 % | 30.0 % | 47.2 % | ||
-7.5 % | 2.8 % | 5.5 % | 38.4 % | 52.3 % | ||
-3.6 % | 0.2 % | -0.3 % | 16.5 % | 30.3 % | ||
N/A | -3.7 % | -0.9 % | 46.9 % | 63.4 % | ||
N/A | 1.3 % | -3.2 % | 38.7 % | 78.3 % | ||
-3.0 % | -1.2 % | 1.6 % | 30.1 % | 45.8 % | ||
-9.5 % | -4.4 % | -2.3 % | 36.5 % | 53.6 % | ||
-6.1 % | 2.6 % | 2.6 % | 36.2 % | 57.3 % | ||
N/A | -2.8 % | -1.3 % | 43.9 % | 57.0 % | ||
-6.4 % | 1.8 % | 3.7 % | 35.9 % | 40.2 % | ||
-6.1 % | -0.8 % | -0.5 % | 24.8 % | 39.4 % | ||
-10.3 % | 10.0 % | 6.1 % | 50.1 % | 50.5 % | ||
-9.3 % | -1.1 % | -0.1 % | 22.3 % | 54.1 % | ||
-1.2 % | -1.1 % | 2.6 % | 36.0 % | 60.2 % | ||
-2.1 % | 0.2 % | 1.0 % | 47.5 % | 60.5 % | ||
4.6 % | -1.6 % | -1.4 % | 31.2 % | 37.8 % | ||
-0.8 % | -1.4 % | -2.4 % | 14.9 % | 36.1 % | ||
-0.1 % | -4.8 % | -2.0 % | 38.7 % | 62.2 % | ||
2.6 % | -4.9 % | -6.9 % | 3.6 % | 21.2 % | ||
6.4 % | -6.2 % | -1.3 % | 26.0 % | 25.0 % | ||
-5.4 % | -2.3 % | 3.1 % | 23.3 % | 53.1 % | ||
0.2 % | -0.7 % | -2.2 % | 32.2 % | 32.1 % | ||
-11.6 % | -4.6 % | -3.0 % | 45.8 % | 63.4 % | ||
-4.4 % | -0.9 % | -1.3 % | 35.8 % | 54.1 % | ||
-14.2 % | 1.3 % | 5.0 % | 40.6 % | 53.9 % | ||
-7.9 % | -0.8 % | -2.1 % | 28.3 % | 56.1 % |
Metro Area | Active Listing | New Listing | Median Days | Median Days | Price–Reduced | Price-Reduced |
44.3 % | 19.8 % | 47 | 6 | 20.7 % | 5.0 pp | |
22.1 % | 10.6 % | 44 | 4 | 22.2 % | -0.1 pp | |
37.8 % | 16.1 % | 29 | -7 | 13.1 % | 1.7 pp | |
18.2 % | 3.4 % | 54 | 4 | 16.3 % | 3.1 pp | |
18.4 % | 6.4 % | 25 | 1 | 10.2 % | 0.5 pp | |
-2.1 % | -13.0 % | 49 | 11 | 5.4 % | 0.1 pp | |
47.4 % | 21.5 % | 43 | 5 | 21.2 % | 4.7 pp | |
10.6 % | 4.1 % | 36 | 2 | 10.7 % | 3.0 pp | |
27.5 % | 4.9 % | 37 | 1 | 13.3 % | 2.3 pp | |
11.6 % | 9.1 % | 45 | 3 | 13.0 % | 2.0 pp | |
38.8 % | 13.7 % | 37 | 8 | 18.0 % | 3.8 pp | |
38.4 % | 18.4 % | 45 | 5 | 23.4 % | 3.9 pp | |
67.3 % | 33.3 % | 35 | 5 | 24.4 % | 7.1 pp | |
9.5 % | 6.1 % | 42 | 0 | 11.5 % | 1.7 pp | |
27.4 % | 18.5 % | 38 | 1 | 10.8 % | 1.7 pp | |
11.2 % | 11.0 % | 30 | -8 | 5.5 % | 0.4 pp | |
30.5 % | 12.2 % | 45 | 2 | 18.1 % | 1.4 pp | |
24.7 % | 7.1 % | 44 | 2 | 19.0 % | 2.7 pp | |
35.6 % | 9.8 % | 57 | 10 | 27.7 % | 5.6 pp | |
11.5 % | 4.2 % | 51 | 0 | 11.1 % | -0.1 pp | |
67.8 % | 14.2 % | 44 | 6 | 21.7 % | 7.9 pp | |
51.8 % | 19.0 % | 42 | 0 | 13.3 % | 4.3 pp | |
21.4 % | 12.3 % | 41 | 0 | 15.7 % | 2.2 pp | |
28.1 % | -3.4 % | 58 | 7 | 20.4 % | 1.2 pp | |
39.8 % | 8.3 % | 67 | 9 | 21.3 % | 1.5 pp | |
7.7 % | -8.0 % | 31 | 2 | 9.0 % | 1.0 pp | |
10.1 % | 12.0 % | 33 | -1 | 10.2 % | 0.6 pp | |
31.2 % | 22.4 % | 47 | 15 | 16.8 % | -2.0 pp | |
3.3 % | 9.9 % | 48 | -2 | 7.0 % | 0.2 pp | |
34.2 % | 8.0 % | 47 | 2 | 18.2 % | 1.0 pp | |
45.8 % | 11.5 % | 60 | 6 | 24.7 % | 4.5 pp | |
18.0 % | 10.1 % | 39 | -4 | 11.7 % | 0.6 pp | |
39.3 % | 18.2 % | 51 | 2 | 32.6 % | 9.6 pp | |
10.8 % | 13.9 % | 62 | 6 | 13.8 % | 1.1 pp | |
29.6 % | 7.8 % | 51 | 6 | 22.7 % | 2.6 pp | |
25.9 % | 10.3 % | 36 | 1 | 8.9 % | 2.6 pp | |
47.4 % | 14.5 % | 44 | 3 | 19.7 % | 8.5 pp | |
22.0 % | 27.5 % | 44 | 0 | 10.1 % | 1.0 pp | |
50.2 % | 16.3 % | 51 | 4 | 17.8 % | 4.8 pp | |
52.1 % | 17.0 % | 36 | 0 | 16.6 % | 5.5 pp | |
17.7 % | 16.5 % | 60 | 3 | 25.1 % | 3.3 pp | |
66.6 % | 14.1 % | 36 | 4 | 16.3 % | 5.5 pp | |
43.2 % | 15.5 % | 31 | 4 | 11.6 % | 3.0 pp | |
67.9 % | 32.8 % | 22 | 0 | 8.9 % | 3.1 pp | |
40.3 % | 18.6 % | 31 | 2 | 11.2 % | 2.5 pp | |
18.4 % | 15.7 % | 39 | 0 | 12.5 % | 2.2 pp | |
28.5 % | 3.6 % | 57 | 6 | 28.9 % | 1.3 pp | |
50.8 % | 11.6 % | 50 | 6 | 24.2 % | 4.6 pp | |
26.0 % | 20.7 % | 38 | 4 | 15.1 % | 1.9 pp | |
64.0 % | 25.5 % | 24 | -7 | 12.4 % | 3.8 pp |
Methodology
Realtor.com housing data as of March 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: Asees Singh, press@realtor.com
View original content:https://www.prnewswire.com/news-releases/spring-inventory-blooms-but-buyers-remain-cautious-amid-economic-uncertainty-302418932.html
SOURCE Realtor.com
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