2025 home sales stuck at 30-year low with prices high and mortgages onerous
AP News • • business
Key Points:
- The U.S. housing market slump extended into its fourth year in 2025, with existing home sales remaining near a 30-year low at 4.06 million units, slightly below 2024 levels and well below the historical norm of 5.2 million.
- The median home price rose 1.7% to $414,400 in 2025, marking the 30th consecutive month of annual price increases, while elevated mortgage rates, averaging around 6.15% by year-end, and limited inventory continue to limit affordability and sales.
- December 2025 saw a modest rebound with home sales increasing 5.1% from November to 4.35 million units, driven by a recent decline
