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US Housing Market Rebounds Modestly in February 2025 Amid Affordability Challenges
- 2025/04/10
- 再生時間： 3 分
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The US housing market has shown signs of improvement in recent days, with existing home sales rising by 4.2% to a seasonally adjusted annual rate of 4.26 million in February 2025. This rebound comes after a 4.7% drop in January and exceeds market expectations. The median price for existing home sales reached $398,400, marking a 3.8% increase from the previous year. Inventory levels have also risen, with unsold homes up 5.1% to 1.24 million, representing 3.5 months of supply at the current sales pace.
In the new home market, sales increased by 1.8% to a seasonally adjusted annual rate of 676,000 in February, partially recovering from a 6.9% decline in January. The median price for new homes stood at $414,500, with an average price of $487,100. Housing inventory remained elevated at 500,000 units, equivalent to 8.9 months of supply.
The market is experiencing a gradual return of buyers, with National Association of Realtors Chief Economist Lawrence Yun noting that more inventory and choices are releasing pent-up housing demand. This trend is occurring despite persistently high mortgage rates, which have been a significant factor in dampening demand over the past year.
Regionally, existing home sales showed mixed results. The South and Midwest saw increases of 6.6% and 20.6% respectively, while sales fell in the West by 13.6% and in the Northeast by 21.4%. For new homes, sales declined in the South, Midwest, and Northeast but rose in the West.
Looking ahead, the housing market is expected to face ongoing challenges, including economic uncertainty and affordability issues. However, the recent uptick in sales and inventory suggests a potential stabilization in the market. Industry leaders are adapting to these conditions by focusing on offering more affordable housing options and leveraging technology to streamline the buying process.
Compared to previous months, the current data indicates a modest improvement in market conditions, though sales figures remain below levels seen in early 2024. The housing industry continues to navigate a complex landscape of economic factors, with cautious optimism emerging as buyers slowly return to the market.
In the new home market, sales increased by 1.8% to a seasonally adjusted annual rate of 676,000 in February, partially recovering from a 6.9% decline in January. The median price for new homes stood at $414,500, with an average price of $487,100. Housing inventory remained elevated at 500,000 units, equivalent to 8.9 months of supply.
The market is experiencing a gradual return of buyers, with National Association of Realtors Chief Economist Lawrence Yun noting that more inventory and choices are releasing pent-up housing demand. This trend is occurring despite persistently high mortgage rates, which have been a significant factor in dampening demand over the past year.
Regionally, existing home sales showed mixed results. The South and Midwest saw increases of 6.6% and 20.6% respectively, while sales fell in the West by 13.6% and in the Northeast by 21.4%. For new homes, sales declined in the South, Midwest, and Northeast but rose in the West.
Looking ahead, the housing market is expected to face ongoing challenges, including economic uncertainty and affordability issues. However, the recent uptick in sales and inventory suggests a potential stabilization in the market. Industry leaders are adapting to these conditions by focusing on offering more affordable housing options and leveraging technology to streamline the buying process.
Compared to previous months, the current data indicates a modest improvement in market conditions, though sales figures remain below levels seen in early 2024. The housing industry continues to navigate a complex landscape of economic factors, with cautious optimism emerging as buyers slowly return to the market.