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US Spring Homebuying Season Has Its Weakest Start in Five Years
- Redfin Corp reported that U.S. Spring homebuying in April 2025 saw the lowest number of signed contracts since the 2020 Covid lockdown.
- This weak start follows last April's low sales and results from high mortgage rates, economic turmoil, and reduced buyer confidence.
- Active listings expanded to levels not seen since before 2019, while certain markets such as Miami saw signed contracts decline by 23% compared to the previous year.
- Redfin senior economist Sheharyar Bokhari said, "This spring is sort of a whimper," and activity will stay low until economic or rate changes occur.
- The subdued spring suggests continued market sluggishness, with affordability pressures keeping buyers sidelined and sellers reluctant to reduce prices.
27 Articles
27 Articles
Hanford Sentinel
US spring homebuying season has its weakest start in five years
US Pending Home Sales Dip By 3.4 Percent to ‘Lowest Level on Record’: Report
Pending home sales in the United States declined by 3.4 percent year over year during the four weeks ending May 11, real estate brokerage Redfin said in a May 15 statement. Spring home buying has been sluggish this year due to economic uncertainties. A total of 89,132 pending sales were recorded for the period, which is the “lowest level on record for this time of year aside from 2020,” the company said. Pending home sales refer to sales contrac…
Why Homebuyers Are Hesitating While Sellers Surge Ahead in a Shifting Market
SEATTLE, WA — The housing market’s spring thaw has been tempered by continued economic uncertainty, with Zillow’s latest market report revealing a nuanced landscape for buyers and sellers. While inventory has reached its highest levels in nearly five years, home sales dropped slightly compared to the same period last year, reflecting a market caught between improved affordability and cautious consumer sentiment. According to Zillow, newly pendin…
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