After a lukewarm spring student in the spring, housing market headwind continues to attack the demand for house couplings, but an improved offer for sale offers buyers more options and helps to retain the softer price pressure for those who want to buy. And although the annual house price growth has been considerably delayed, house prices have kept steadily this spring and the wins have largely reflected trends that were seen before the pandemic. However, this is a considerably different housing market on the way to the summer months.
With more visibility in rates, reduced concern about an economic recession and a
Moreover, the sensitivity of the consumer to mortgage interest rate remains high and consistently floats around 7%.
According to April numbers of the National Association of Realtors, existing home sales
Here is the good news: Given the cyclical character of the housing market, we are currently driving on the trough, with nowhere but up. Home buyers are indeed in a better position than in recent years more inventory and less competition from other home buyers. Again, pending the sale of houses is slowly coming up in 2025, with monthly pending sales for April, 9% has risen on an annual basis, which suggests that the demand for the buyer of the houses leads to a stronger activity than in 2023 and 2024.
Buyers have more negotiating power and achieve better deals than last year, with fewer houses selling above the asking price than in previous years – at 27% in April and compared to 31% in April, in particular in markets with higher stock levels. Sellers mention their properties at a higher rate than last year, which suggests that the improvements in inventories for sale will continue.
In addition, cotality data indicates that a seasonal rise in the buyer’s competition is going on is to sell Ireer Houses above the asking price than in the winter, an increase of 18% in January, and with shorter days on the market (23 days, decrease of 44 in February), both return to pre-landemic level.
But the heat wave of housing financing only blows through selected markets, in particular markets in California, with an increase in sales of 10%+ compared to 2024. Miami, Austin, Atlanta, on the other hand, remain 20-30% lower than 2024 and will remain weak.
Deeper digging, more home sales in the West are supported by an increase in inventories for sale, which have increased by 60-70% on the Western markets on an annual basis. The stocks in the northeast remain 60-80% below the level of 2019, which blocks the sales activity of the home holders, but also continues to put pressure on house prices.
Despite slow activity and in general more inventory, and given the overall sour sentiment of the consumer against the housing market, it is important to note that the number of markets where house prices are falling has not grown in particular. About 14 of the 100 largest markets reported annual falls, compared to 12 markets last month. In general, the housing market remains stable, but unfortunately this means that we are still a bumpy ride for a few months.
Snapshot for house price
- Hottest markets that buy to the spring house are Los Angeles, Orange County, Oxnard and San Jose, California; York, Montgomery County and Harrisburg, Pennsylvania; Durham and Winston, North Carolina, Boise City, Idaho.
- House prices were picked up in early spring, consistent with seasonal trends, but are muted compared to pre-pandemia
- House prices rose by 2% JoJ in April and continued the trend of slower house price growth.
- House prices are expected to increase by 4.3% in April 2026
- Expect the average house price growth in the coming years
- The prices remained just since July when the Spring Mortgage Rate Land -Purchased Housing Question
- Markets around New York City continue to see the highest rating rates (including Bridport, Newark, Lakewood, Hartford)
- Cape Coral and North Port in FL remain the slowest appreciative markets and a decrease of 4% -7% yoj
- Markets The furthest of the 2022 peaks of the house price are Austn, San Francisco Bay Area, Idaho Markets, while the markets in New York have been more than 20% since mid -2022
- The cooling of the house price will continue to exist in Florida, San Francisco Bay Area, Texas and areas in the midwest that are affected with insurance increases