RE/MAX Holdings Inc. has released its National Housing Report for May 2025, highlighting a continued rise in home sales for the fourth consecutive month. Despite an 8.6% increase from April, sales remain 3.5% lower compared to the previous year. The report surveyed 52 metro areas and noted a significant 34.8% year-over-year increase in home inventory, marking the 17th consecutive month of growth. The Median Sales Price rose to $442,000, a 0.6% increase from May 2024. New listings increased by 7.9% year-over-year. Key metrics showed buyers paying 99% of asking prices on average, with a slight decrease in Days on Market to 39 days. The Months' Supply of Inventory rose to 2.5 months. Markets such as Washington, D.C., Fayetteville, AR, and Wichita, KS, saw notable increases in new listings, while Miami, FL, Honolulu, HI, and Tampa, FL, experienced significant decreases in closed transactions. The report suggests a positive outlook for the housing industry, with expectations of continued momentum into the summer.
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