Hi All,

NAR report on March 2025 Existing-Home Sales, announced today (24 April 2025)

• Existing-Home Sales: Fell 5.9% from February to a seasonally adjusted annual rate of 4.02 million in March.
• Year-over-Year Decline: Sales were down 2.4% compared to March 2024.
• Median Price: $393,500 — up 4.8% from one year ago.
• Inventory: Rose 4.7% from February to 1.11 million units, a 2.9-month supply at the current pace.
• First-Time Buyers: Represented 32% of sales in March, up from 28% in February.
• Days on Market: Homes typically remained on the market for 33 days in March, up from 38 days in February.
• Cash Sales: Accounted for 28% of total sales in March.
• Distressed Sales: Foreclosures and short sales represented 2% of March transactions.

What are you experiencing in your market?

Best,

Dan