From GlobeNewswire: 2025-05-08 10:00:00

In the first quarter of 2025, single-family existing-home sales prices increased in 83% of metro areas, with the national median price rising to $402,300. The monthly mortgage payment on a typical home with a 20% down payment was $2,120, up 4.1% from a year ago. The South led in existing-home sales, while the Northeast saw the highest price gains. Eight of the top 10 most expensive markets were in California. Housing affordability improved slightly, with first-time buyers experiencing marginally better circumstances. Nearly 17% of markets posted home price declines, with some areas rebounding from previous declines. The National Association of Realtors (NAR) tracks median home prices in metropolitan areas, with data dating back to 1979 for single-family homes and 1989 for condos. Regional median home prices may include rural areas and smaller metros not covered in the report. Quarterly comparisons are best made year-over-year due to seasonal buying patterns. Changes in distressed sales levels can impact price measurements. The seasonally adjusted annual rate reflects what a year’s total sales would be if the current pace is maintained. Total home sales data includes single-family homes, townhomes, condos, and co-ops.



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