The January 2025 Housing Market saw a decline in sales of existing homes, falling 5% from December. However, sales were still slightly higher than a year ago, indicating some resilience despite ongoing challenges in affordability and supply. The median existing-home price stood at $396,900, marking a 5% increase compared to the previous year and setting a record high for January. Inventory levels remained at historically low levels, with a 3.5-month supply nationally—still far below the six-month supply that characterizes a balanced market. However, there was a silver lining: inventory levels were 17% higher than a year ago, providing some relief for prospective buyers.

The December 2024 Housing Market experienced a modest but notable increase in sales of existing homes, reaching the highest level since February. Sales were 9% higher than a year ago, signaling some resilience despite ongoing challenges in affordability and inventory. The median existing-home price climbed to $404,400, reflecting a 6% increase compared to the previous year. While this uptick in sales is encouraging, the market remains constrained by historically low inventory levels, which stood at just a 3.3-month supply nationally—far below the six-month supply typical of a balanced market. However, there was a silver lining: inventory levels were 16% higher than a year ago, offering some hope for prospective buyers.

The October 2024 housing market demonstrated remarkable resilience, with home sales and prices exceeding expectations despite broader economic uncertainties.This month brought several notable developments, highlighting both opportunities and challenges for buyers, sellers, and industry professionals. Here's a comprehensive look at the latest trends shaping the housing market.

Tracking homebuilder sentiment is crucial for understanding the health of the housing market. One of the most reliable tools for this purpose is the NAHB/Wells Fargo Housing Market Index (HMI), which provides a detailed view of builder confidence and overall market conditions. The HMI captures the perceptions of single-family homebuilders and serves as a vital indicator for future housing trends. Plymouth Title Guaranty explains the HMI, how it’s measured, and the key factors influencing builder sentiment, offering a comprehensive look at the dynamics shaping the housing market.

The October 2023 Housing Market in the U.S. presented a complex landscape of high mortgage rates intertwined with a fluctuating economy, creating a scenario of contradictions. While there was a slight uptick in single-family housing starts and permits, indicating a possibility for future construction expansion, the overall market dynamics continued to exhibit inconsistency.