March Market Update 2025

Affordability continues to be an issue nationwide, making the dream of homeownership difficult to achieve for countless people around the country. Unfortunately, this issue looks like it will persist throughout 2025. Mortgage rates remain comparatively high, and home prices largely have not given back their pandemic-era gains. But fortunately for the market, there are plenty of new homes hitting the market. More and more people are giving up on the thought that we will see lower interest rates in the short term, causing them to list their homes. This has resulted in a 4.21% increase of inventory on a year-over-year basis and an 8.15% increase on a month-over-month basis. Although a turn-key property will still likely end up in a bidding war, no matter if it’s in Kansas City or Calabasas, this increase in inventory could mean that there are some deals to be had on listings that sit on the market for a few weeks.