Home-Price Growth is Slowing As Buyers Back Off -- Market Talk

Dow Jones2025-04-17

1012 ET - Nationwide, the median home-sale price rose 2.6% year-over-year during the four weeks ending April 13, according to Redfin. That's down from 5% to 6% growth at the end of 2024 and the start of 2025. The median home-sale price is down from a year ago in 10 of the 50 most populous U.S. metro areas, mostly in Texas and Florida. Price growth is losing steam nationally because supply is rising while demand is slow. New listings of homes for sale are up 11.2% year-over-year, and the total number of homes for sale is up 12.3%. Meanwhile, pending home sales declined roughly 1% from a year ago, and mortgage-purchase applications are down 5% week-over-week. (chris.wack@wsj.com)

(END) Dow Jones Newswires

April 17, 2025 10:12 ET (14:12 GMT)

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New listings of homes for sale are up 11.2% year-over-year, and the total number of homes for sale is up 12.3%. Meanwhile, pending home sales declined roughly 1% from a year ago, and mortgage-purchase applications are down 5% week-over-week.  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