Business
RE/MAX NATIONAL HOUSING REPORT FOR FEBRUARY 2025
February 2025 home sales increased 8.4% over January – about half of the month-to-month average sales increases seen in the previous two Februarys, and down 2.6% from sales one year ago. Despite the smaller month-to-month increase, February's growth in home sales could still indicate momentum for March home sales that typically post the highest monthly sales jump – averaging 31% the last three years.
About this update from Re/max Holdings, Inc.
[{"type":"text","content":"February Increase in Home Sales Sets Stage for Spring Market; Median Price Inches Up","length":84,"tagName":"p","attribs":{}},{"type":"text","content":"DENVER, March 18, 2025 /PRNewswire/ -- February 2025 home sales increased 8.4% over January – about half of the month-to-month average sales increases seen in the previous two Februarys, and down 2.6% from sales one year ago. Despite the smaller month-to-month increase, February's growth in home sales could still indicate momentum for March home sales that typically post the highest monthly sales jump – averaging 31% the last three years.","length":446,"tagName":"p"},{"type":"image","alt":"www.remax.com (PRNewsfoto/RE/MAX, LLC)","displaySize":"","headline":null,"caption":"www.remax.com (PRNewsfoto/RE/MAX, LLC)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":275,"url":"https://media.zenfs.com/en/prnewswire.com/6b0724a54169670fd6b6c36b56c90e4f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/VIcgkX2FGYIqdvvXVr07qg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ4NTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/6b0724a54169670fd6b6c36b56c90e4f","width":400,"height":275}},"href":"https://mma.prnewswire.com/media/432004/RE_MAX_LLC_2025_Logo_v2.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"February's Median Sales Price across the 52 metro areas surveyed was $423,000. That was just $3,000 (0.6%) higher than January and nearly $13,000 (3.1%) more than a year ago.","length":178,"tagName":"p"},{"type":"text","content":"Inventory increased 2.9% in February, compared to January. It has grown month-over-month 10 out of the last 12 months and is 33.9% higher than a year ago. New listings dropped 3.0% from January – a stark contrast to last month's big climb of 53.7% – and were 0.1% higher year over year.","length":290,"tagName":"p"},{"type":"text","content":""As is typical heading into the spring market, home sales rose in February, and the market appears to be on the right trajectory to grow as we enter the spring selling season," said RE/MAX Holdings, Inc. CEO Erik Carlson. "It's crucial to have abundant inventory for buyers, and we are seeing inventory trend in the right direction."","length":357,"tagName":"p"},{"type":"text","content":"San Diego, California witnessed the biggest year-over-year ...