Reflecting on March ’25 numbers and comparing that to March ’24 numbers helps to look at possible trends in the market and remove some of the seasonality. Additionally with the first quarter completed for 2025, we can dive into those as well. In review of these numbers here are the top 3 trends of notes:
- New listings are up over 15%
- Days on market are slightly longer at 6 days more than last year (28%) (March ’24 vs March ’25)
- Off it’s peak of about 38 days last fall
- Average sales price ’24 vs ’25 is almost flat at -1.13% (single family stats)
Even with these stats, the underlying trend is that there remains MORE buyers than sellers, and with that means:
- Houses that list on the market remain in demand
- Sellers REALLY need to be watchful of property attributes (positive and negative)
- Buyers are more selective than they were a few years ago
- Buyers have more choices than they did last year
- Interest rates have come off their peak
- Overall market trends have created strong equity for many home owners
Here are links to the full reports: