Redfin Reports Spring Brings Record-High Monthly Housing Costs, Keeping Pending Home Sales at Bay
The U.S. housing market is experiencing record-high monthly housing costs, with the typical homebuyer's monthly payment reaching $2,802 during the four weeks ending March 30. Despite mortgage rates averaging 6.65%, near their lowest level since December, pending home sales declined 2.3% year over year.
However, there are signs of increasing market activity: new listings rose 12.7% year over year, the biggest increase in 11 months, and mortgage-purchase applications reached their highest level in over two months. The median sale price increased 3.4% year over year to $386,019, while the median asking price rose 6.7% to $424,975.
Market indicators show mixed signals with active listings up 11.7%, and the months of supply at 4.1. The share of homes sold above list price decreased to 24.6% from 28% last year, with properties spending a median of 45 days on market.
Il mercato immobiliare statunitense sta vivendo costi mensili per l'abitazione ai massimi storici, con il pagamento mensile tipico per un acquirente di una casa che ha raggiunto $2,802 durante le quattro settimane terminate il 30 marzo. Nonostante i tassi ipotecari medi di 6.65%, vicini al loro livello più basso da dicembre, le vendite di case in attesa sono diminuite del 2.3% rispetto all'anno precedente.
Tuttavia, ci sono segnali di un'attività di mercato crescente: le nuove inserzioni sono aumentate del 12.7% rispetto all'anno scorso, il maggiore incremento in 11 mesi, e le domande per mutui per l'acquisto hanno raggiunto il loro livello più alto in oltre due mesi. Il prezzo di vendita mediano è aumentato del 3.4% rispetto all'anno precedente, arrivando a $386,019, mentre il prezzo medio richiesto è salito del 6.7% a $424,975.
Gli indicatori di mercato mostrano segnali misti, con le inserzioni attive in aumento del 11.7% e i mesi di offerta a 4.1. La quota di case vendute sopra il prezzo di listino è diminuita al 24.6% rispetto al 28% dell'anno scorso, con le proprietà che trascorrono in media 45 giorni sul mercato.
El mercado de la vivienda en EE. UU. está experimentando costos mensuales de vivienda récord, con el pago mensual típico de un comprador de vivienda alcanzando $2,802 durante las cuatro semanas que terminaron el 30 de marzo. A pesar de que las tasas hipotecarias promediaron 6.65%, cerca de su nivel más bajo desde diciembre, las ventas de casas pendientes cayeron un 2.3% interanual.
No obstante, hay signos de un aumento en la actividad del mercado: las nuevas listas aumentaron un 12.7% interanual, el mayor incremento en 11 meses, y las solicitudes de hipoteca para compra alcanzaron su nivel más alto en más de dos meses. El precio de venta mediano aumentó un 3.4% interanual a $386,019, mientras que el precio medio de solicitud subió un 6.7% a $424,975.
Los indicadores del mercado muestran señales mixtas, con las listas activas en aumento del 11.7%, y los meses de suministro en 4.1. La proporción de casas vendidas por encima del precio de lista disminuyó al 24.6% desde el 28% del año pasado, con las propiedades pasando un promedio de 45 días en el mercado.
미국 주택 시장은 기록적인 월 주택 비용을 경험하고 있으며, 전형적인 주택 구매자의 월별 지불액이 3월 30일로 끝나는 4주 동안 $2,802에 도달했습니다. 모기지 금리가 평균 6.65%로, 12월 이후 가장 낮은 수준에 근접했음에도 불구하고, 대기 중인 주택 판매는 전년 대비 2.3% 감소했습니다.
그러나 시장 활동 증가의 징후가 있습니다: 신규 매물은 전년 대비 12.7% 증가하여 11개월 만에 가장 큰 증가를 기록했으며, 주택 구매를 위한 모기지 신청은 2개월 이상 만에 최고 수준에 도달했습니다. 중간 판매 가격은 전년 대비 3.4% 증가하여 $386,019에 이르렀고, 중간 요청 가격은 6.7% 상승하여 $424,975에 도달했습니다.
시장 지표는 혼합 신호를 보여주며, 활성 매물은 11.7% 증가하고 공급 월 수는 4.1입니다. 목록 가격 이상으로 판매된 주택의 비율은 작년 28%에서 24.6%로 감소했으며, 부동산은 평균 45일 동안 시장에 머물렀습니다.
Le marché immobilier américain connaît des coûts mensuels de logement records, avec le paiement mensuel typique d'un acheteur de maison atteignant $2,802 durant les quatre semaines se terminant le 30 mars. Bien que les taux hypothécaires aient atteint en moyenne 6.65%, proche de leur plus bas niveau depuis décembre, les ventes de maisons en attente ont diminué de 2.3% par rapport à l'année précédente.
Cependant, il y a des signes d'une activité de marché croissante : les nouvelles annonces ont augmenté de 12.7% par rapport à l'année précédente, le plus grand accroissement en 11 mois, et les demandes de prêts hypothécaires pour achat ont atteint leur plus haut niveau en plus de deux mois. Le prix de vente médian a augmenté de 3.4% par rapport à l'année précédente, atteignant $386,019, tandis que le prix moyen demandé a augmenté de 6.7% à $424,975.
Les indicateurs du marché montrent des signaux mixtes, avec des annonces actives en hausse de 11.7%, et les mois d'offre à 4.1. La part des maisons vendues au-dessus du prix de liste a diminué à 24.6% contre 28% l'année dernière, les propriétés passant en moyenne 45 jours sur le marché.
Der US-Immobilienmarkt verzeichnet rekordverdächtige monatliche Wohnkosten, wobei die monatliche Zahlung eines typischen Hauskäufers während der vier Wochen bis zum 30. März $2,802 erreichte. Trotz eines durchschnittlichen Hypothekenzinses von 6.65%, der sich nahe dem niedrigsten Stand seit Dezember befindet, sind die ausstehenden Hausverkäufe im Jahresvergleich um 2.3% zurückgegangen.
Es gibt jedoch Anzeichen für eine zunehmende Marktaktivität: Die neuen Angebote stiegen im Jahresvergleich um 12.7%, der größte Anstieg seit 11 Monaten, und die Anträge auf Hypothekenkäufe erreichten den höchsten Stand seit über zwei Monaten. Der mediane Verkaufspreis stieg im Jahresvergleich um 3.4% auf $386,019, während der mediane Angebotspreis um 6.7% auf $424,975 anstieg.
Die Marktindikatoren zeigen gemischte Signale, mit aktiven Angeboten, die um 11.7% gestiegen sind, und einem Angebotsmonat von 4.1. Der Anteil der über dem Listenpreis verkauften Häuser sank von 28% im letzten Jahr auf 24.6%, wobei die Immobilien im Durchschnitt 45 Tage auf dem Markt waren.
- New listings increased 12.7% YoY, highest in 11 months
- Mortgage-purchase applications at highest level in over 2 months
- Home touring activity up 37% from start of year
- Median sale price up 3.4% YoY to $386,019
- Monthly housing payments hit record high of $2,802
- Pending home sales declined 2.3% YoY
- Share of homes sold above list price decreased to 24.6% from 28% YoY
- Median days on market increased by 6 days YoY
Insights
Redfin's latest housing market report reveals a mixed landscape impacting their business model. The record-high typical monthly payment of
The divergent regional performance is particularly noteworthy. Markets like Cleveland (
The 11.7% increase in active listings creates more competition among sellers, which could pressure commission rates while simultaneously providing more transaction opportunities. Early spring indicators show buyer interest awakening despite affordability challenges - mortgage applications are at their highest in two months, and home tour activity is accelerating twice as fast as last year. This represents a market gradually adapting to higher rate environments rather than waiting for significant rate decreases.
For Redfin's business model, this report presents counterbalancing forces. The
The widening gap between median asking price (
Strategically, Redfin's technology platform offers competitive advantages in a challenging market. Their digital tools for virtual tours and online transactions position them well as homebuyers appear to be adjusting to higher rate environments rather than postponing purchases indefinitely. The reported increase in Google searches for "homes for sale" (up
Regional performance variations present optimization challenges for Redfin's resource allocation. The company must carefully balance investments between high-growth markets like Cleveland and challenged markets like Jacksonville, where transaction volumes are declining significantly (
Soaring housing payments are keeping many homebuyers on the sidelines, but new listings are ticking up and there are signs some house hunters are emerging as spring begins
Pending home sales are declining. High costs are keeping a lid on sales; pending home sales fell
But there are signs more house hunters are hitting the pavement. Mortgage-purchase applications are at their highest level in over two months. Home tours are rising twice as fast this year than they were at this time last year (though that’s partly because Easter fell into last year’s comparable period). Finally, Google searches of “homes for sale” are up to their highest level since August. Redfin agents report many prospective buyers have made peace with elevated rates and prices, and those who can afford to buy are moving forward before costs increase more.
New listings are rising. New listings of homes for sale rose
“Supply is picking up; a lot of people I’ve spoken to over the last year or two are calling, saying they’re ready to list their house,” said Matt Ferris, a Redfin Premier agent in northern
For Redfin economists’ takes on the housing market, please visit Redfin’s “From Our Economists” page.
Leading indicators |
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Indicators of homebuying demand and activity |
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Value (if applicable) |
Recent change |
Year-over-year change |
Source |
Daily average 30-year fixed mortgage rate |
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Down from |
Down from |
Mortgage News Daily |
Weekly average 30-year fixed mortgage rate |
|
Down marginally from the week before; near lowest level since mid-December |
Down from |
Freddie Mac |
Mortgage-purchase applications (seasonally adjusted) |
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Up |
Up |
Mortgage Bankers Association |
Touring activity |
|
Up |
At this time last year, it was up |
ShowingTime, a home touring technology company |
Google searches for “home for sale” |
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Up |
Up
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Google Trends |
The Redfin Homebuyer Demand Index has been excluded this week to ensure data accuracy. |
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Key housing-market data |
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Redfin’s national metrics include data from 400+ |
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Four weeks ending March 30, 2025 |
Year-over-year change |
Notes |
Median sale price |
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|
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Median asking price |
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|
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Median monthly mortgage payment |
|
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Record high |
Pending sales |
85,402 |
- |
Smallest decline since start of 2025 |
New listings |
100,366 |
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Biggest increase in 11 months |
Active listings |
981,872 |
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Months of supply |
4.1 |
+0.7 pts. |
4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions |
Share of homes off market in two weeks |
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Down from |
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Median days on market |
45 |
+6 days |
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Share of homes sold above list price |
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Down from |
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Average sale-to-list price ratio |
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Down from |
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Metro-level highlights: Four weeks ending March 30, 2025
Redfin’s metro-level data includes the 50 most populous |
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Metros with biggest year-over-year increases |
Metros with biggest year-over-year decreases |
Notes |
Median sale price |
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Declined in 6 metros |
Pending sales |
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Increased in 11 metros |
New listings |
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Declined in 2 metros
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To view the full report, including charts, please visit:
https://www.redfin.com/news/housing-market-update-costs-record-high-new-listings-increase.
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than
Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250403415242/en/
Contact Redfin
Redfin Journalist Services:
Tana Kelley
press@redfin.com
Source: Redfin
FAQ
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