Redfin: Value of Homes on the Market Hits Record
Housing Market Faces Supply-Demand Shift In April 2025, U.S. home prices climbed 1.3% year over year. However, the American housing market is undergoing a seismic shift as inventory reaches five-year highs while buyer demand collapses. Housing inventory increased by 16.7% year over year, marking the most dramatic supply surge since 2020. New listings rose by 8.6% during the same period, flooding the market with properties. As the market transforms, diversification strategies become vital for investors managing real estate assets. Simultaneously, buyer activity is plummeting nationwide. Sales of existing homes fell 1.1% year over year in April. Overall homebuying demand has significantly dropped compared to recent years. Extended transaction timelines are evident, with home sales now taking 40 days to complete—five days longer than the previous year. Cancellation rates hover near record levels as buyers back away from commitments. Despite persistent price growth since 2012, with only a...