What the Spring National Housing Report Means For You 

Summer is almost here! Flowers are in full bloom, the grass is green, and the U.S. housing market has seen some “encouraging growth,” according to REMAX Holdings CEO Erik Carlson, as noted in the National Housing Report for April 2025. The market experienced ups and downs, and a few factors have brought about some unpredictability. If you’re planning to buy or sell a home, being informed is a great first step, so read on, and connect with an experienced REMAX ® agent. 

Breaking down the numbers based on a survey of 51 metro areas in the United States, home sales have picked up steam, there’s a positive trend in houses “for sale” on the market, and prices have been slowly rising. Here are some key insights from the report.

The Market at a Glance: What’s Happening Now? 

Home Sales Picked Up Steam in April  

In the 51 metro areas surveyed, home sales grew 1.3 percent from March 2025 to April 2025. This is continuing a steady upward trajectory since January. Meanwhile, sales declined 1.4 percent on a year-over-year basis. 

The housing report highlights that new listings coming on the market are up 6.2 percent month-over-month and up 7.5 percent year-over-year. The markets with the most inventory added were Las Vegas, NV at +27.7 percent, Burlington, VT at +24.8 percent, and Fayetteville, AR at +22.5 percent. 

If you’re in the market to buy a home, it’s possible that you may have more options to choose from. This can be seen as news for buyers, especially after years of tight inventory. Generally speaking, when markets experience an influx of inventory, competition between buyers may decrease giving them greater leverage when negotiating an offer. This is called a buyer’s market. On the other hand, when inventory levels decrease, competition between buyers increases for that limited number of listings, shifting favorability toward sellers. This is known as a seller’s market. 

What Homes Are Selling For

Selling price varies wildly depending on the local real estate market. Across the 51 metros surveyed, the average home cost $440,000 in April 2025. This number is up 1.2 percent, or $5,000, from just last month. Year-over-year, average price rose 2.3 percent, or $10,000. 

The markets with the biggest year-over-year average price increases were Cleveland, OH at +10.9 percent, Hartford, CT at +10.3 percent, and Birmingham, AL at +9.0 percent. A home’s selling price depends on many different factors. This includes the condition of the home, where it’s located, and whether the local market is experiencing a buyer’s market or seller’s market. It also depends on broader economic conditions and how eager–or hesitant–people are to buy. 

Are Sellers Getting Their Asking Price?  

Even with a boost in listings on the market, buyers still typically paid 99 percent of the asking price in April, according to the REMAX report. That held steady from March 2025, but crept down from 100 percent in April 2024. This number is calculated by dividing the average value of the sales price by the asking price of each transaction. When the number is below 100 percent, that means the buyer paid slightly below the asking price, and vice versa. 

A close asking price and selling price may indicate alignment between sellers and buyers, with seller expectations reflecting what buyers are willing to pay. Of course, there could always be other market factors at play, so it’s prudent to work with an experienced professional real estate agent. 

How Long Things Are Taking 

Overall, homes sold faster in April than they did in March. The average time on the market in April was 40 days, which is down from 44 days in March. This is a big difference when compared to the market last year, when the average days on market in April 2024 was 34 days. 

“Days on market” refers to how long a home stays listed before it is purchased. When days on market are higher, this means buyers have a little more time to make decisions. On the flip side, fewer days on market means homes are selling in a shorter time, so buyers may have to take quick and decisive action when they find a home they want to purchase. 

The metro areas with the highest days on market were Fayetteville, AR at 79 days, Miami, FL at 78 days and Orlando, FL at 70 days. The lowest days on market were experienced in Washington, D.C. at 13 days, Baltimore, MD at 14 days, and Manchester, NH at 16 days.  

Market Highlights from the National Housing Report, April 2025 

Where Listings Are Surging  

• Las Vegas saw 27.7 percent more homes listed than last year
• Burlington, VT and Fayetteville, AR are also seeing big increases

Where Buyers Are Most Active  

• Anchorage, AK saw nearly 30 percent more sales than last year 
• Dover, DE also saw strong buying activity

Price Changes  

• Cleveland, OH, Hartford, CT and Birmingham, AL all experienced the strongest price increases 
• Some markets such as Bozeman, MT and Honolulu, HI saw slight price decreases 

Supply and Demand: The Inventory Situation 

April recorded 2.3 months of inventory on the market. This means that it would take 2.3 months to sell all the homes that are currently listed for sale, at the current rate of sales. This is up from last year, when there were only 1.7 months of inventory on the market. There are a few markets with notably higher inventory levels, including Miami, FL, with nearly 7 months of inventory. Honolulu, HI and Tampa, FL were considered balanced markets in April. 

There are also some low-inventory markets out there, with tight supply levels. Milwaukee, WI, Hartford, CT, St. Louis, MO and Manchester, NH are all competitive, with less than 1 month of inventory. This means if a buyer is looking for a less competitive market where they may have more negotiating power, they might consider heading where inventory is greater. On the other hand, if a buyer is more concerned with location than price, they may have to pay a premium for certain areas where inventory is lower and competition is higher. 

Florida: An Outlier Market 

Miami, Florida is facing a unique situation, according to the report. Of all the markets analyzed, Miami has the highest inventory levels, it experienced the largest decrease in sales overall (down 14.1 percent) and homes are taking longer to sell (78 days on average). 

Some REMAX agents credit this trend to the condo market, where challenges include new regulations concerning condo building integrity for hurricane preparedness. For buyers who have been waiting for the right time to enter this once-hot market, now might be their chance. 

What This All Means for You 

Only time will tell where the housing market is headed. If you’re planning to buy or sell a home, be prepared. Do your due diligence, work with an experienced real estate professional, and make informed decisions based on your specific situation, not just the numbers you read in market reports. When you decide you’re ready, connect with a REMAX agent to guide you through the process.