đ Existing-Home Sales Dip in March 2025âBut Prices Continue to Rise
The housing market took a step back in March 2025, according to the latest data from the National Association of REALTORSÂź. Existing-home sales fell by 5.9% compared to February, settling at a seasonally adjusted annual rate of 4.02 million homes sold. Compared to this time last year, sales were also down 2.4%.
However, this dip in sales doesnât tell the full story.
đ Prices Are Still Climbing
Despite the slowdown, home values continued to rise. The national median existing-home price hit $403,700 in March, a 2.7% increase from March 2024. Every region in the U.S. experienced price growthâsome more than others:
- Northeast: Up 7.7% (largest gain)
- Midwest: Up 3.5%
- West: Up 2.6%
- South: Up 0.6%
đŠ Inventory Is GrowingâBut Still Tight
The number of homes on the market rose to 1.33 million listingsâan 8.1% increase from February and up 19.8% compared to a year ago. Even with this boost, it would still take just 4 months to sell all the current inventory, a pace thatâs considered tight in the real estate world (a balanced market is about 6 months).
â±ïž Homes Are Selling Quickly
Homes spent an average of 36 days on the market, just a few days longer than the 33-day average a year ago. Well-priced, well-presented homes are still moving fastâespecially in popular areas like Ventura County.
đ Regional Sales Snapshot
Sales declined across the board compared to last month:
- West: Down 9.4%
- South: Down 5.7%
- Midwest: Down 5.0%
- Northeast: Down 2.0%
Compared to March 2024:
- West: Only region with growth (+1.3%)
- South: Down 4.2%
- Midwest: Down 3.1%
- Northeast: Flat (no gain)
The South continues to dominate national home sales, accounting for 45% of all transactions, while the Northeast made up just 12.2%.
đïž What About Home Types?
- Single-family homes: Sales fell 6.4% from February and 2.2% from a year ago. Median price: $408,000, up 2.9%.
- Condos/co-ops: Sales stayed flat month-over-month but dropped 5% year-over-year. Median price: $363,000, up 1.5%.
đĄ What This Means for Buyers & Sellers in Ventura County
If youâre thinking about buying, the increase in inventory may offer more options. If youâre selling, rising pricesâand Venturaâs ongoing appealâcontinue to work in your favor.
Looking to make a move in this shifting market?
Letâs talk strategy. Iâm here to guide you through every step.
đ Call me today at 805-850-5443 or send a message to get started!
