- Home sales surged 23% from February to March 2025, a robust increase marking the largest month-over-month rise since March 2023.
- Median Sales Price rose by 3.5% year-over-year to $435,000, indicating continued price appreciation in the housing market.
- Inventory levels grew significantly by 35.5% compared to March 2024, with new listings increasing by 29.8% from February 2025.
In March 2025, RE/MAX experienced a significant surge in home sales, with a 23.0% increase from February. This marks the largest month-over-month sales growth since March 2023. However, when compared year-over-year, home sales showed a slight decline of 1.4%.
The housing market saw a substantial increase in inventory, with a 35.5% rise in available homes over the previous year, and a month-over-month increase in new listings by 29.8%. This influx of inventory is providing a healthier market balance as the median sales price reached $435,000, reflecting a 3.5% year-over-year rise and a 1.8% increase from February.
Market efficiency remains stable, with homes selling at 99% of the asking price on average. The average days on market fell to 44 days from February's 51, yet it was five days longer compared to March 2024. The months' supply of inventory has improved, standing at 2.3 months—up from 1.7 months a year ago, but down from 2.7 months in February.
Regionally, Burlington, VT led in price gains with a notable 22.4% year-over-year increase. Meanwhile, San Francisco reported the highest close-to-list price ratio of 104.8%. Washington D.C. experienced a significant monthly inventory increase of 25.3%, highlighting dynamic shifts in local market activities.
