April Market Report

U.S. existing-home sales decreased 5.9% month-over-month and 2.4% year-over-year to a

seasonally adjusted annual rate of 4.02 million units, according to the National Association of REALTORS® (NAR), as affordability challenges and economic uncertainty weigh on market activity. Sales were down month-over-month in all four regions, with the West experiencing the largest decline, at 9.4%.

New Listings increased 33.6 percent to 159. Pending Sales were up 13.2 percent to 103. Inventory levels grew 12.3 percent to 510 units.

Prices were a tad soft. The Median Sales Price decreased 3.5 percent to $226,750. Days on Market was down 2.8 percent to 104 days. Buyers felt empowered as Months Supply of Inventory was up 11.6 percent to 4.8 months.

Total housing inventory increased 8.1% month-over-month for a total of 1.33 million units heading into April, equivalent to a 4.0-month supply at the current sales pace, according to NAR. Although inventory is up nearly 20% from the same time last year, the additional supply has had little effect on home prices across much of the country, with the national median existing-home price climbing 2.7% year-over-year to $403,700 as of last measure.

Curious about the current value of your home? Don’t hesitate to reach out to a member of the Kira Witherwax Team at RE/MAX North Country.

To view the full Market Report for April download the link below.

ACVMLS-April 2025- MAY Release.pdf

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