Rocket Companies Inc. has released a new market analysis highlighting significant changes in the housing market as of August 2025. The report indicates a notable decline in active home listings, which dropped 1.4% month over month-the largest seasonally-adjusted decrease since June 2023. Despite a 9.7% increase from the previous year, this marks the smallest year-over-year rise since March 2024. New listings also saw a downturn, falling 1.1% month over month to the lowest level since January 2024, and a 2.6% decrease year over year. This slowdown is attributed to sluggish homebuyer demand, with sales remaining below pre-pandemic levels. Metro-level data reveal varied trends: median sale prices rose in Detroit, Cleveland, and New Brunswick, NJ, while they declined in Dallas, West Palm Beach, FL, and Phoenix. Pending home sales showed significant growth in Pittsburgh, Cleveland, and Phoenix but fell in Detroit, Miami, and Seattle. Meanwhile, closed home sales increased most in Indianapolis, Houston, and Phoenix, with notable declines in Las Vegas, Fort Lauderdale, FL, and Miami. The report also highlights the average days homes remained on the market, with Miami experiencing the most substantial increase. Sellers are reportedly adjusting pricing strategies to stay competitive amid high housing costs and economic uncertainties. For further details and comprehensive metro-level data, readers are encouraged to visit the full report on Redfin's website.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250922103097) on September 22, 2025, and is solely responsible for the information contained therein.
Comments