These US Housing Markets Are on Fire

These US Housing Markets Are on Fire

The housing market has leveled off over the past year, showing only modest growth. There was only about a 0.8% rise in median home price when comparing May 2025 to May 2024. However, this is not the case for new home prices, which have fallen 7.5% year-over-year. They now sit at about $403,600. Notably, we have seen a steep rise in inventory, with roughly 34% more sellers than buyers, placing the power in the hands of the buyer. Despite this lar…