Home listings surge as buyers move carefully in spring market
According to Zillow's latest market report, the housing market shows mixed signals as newly pending sales fell 2.5% year-over-year in April 2025, despite lower mortgage rates. However, new listings surged 7.6% compared to last year, with 44 of 50 largest metros seeing increases. Inventory levels rose nearly 20% year-over-year, reaching levels not seen since August 2020.
Economic uncertainty has caused buyer hesitation, though mortgage payments are 1.3% lower than last year. 25% of Zillow listings saw price cuts in April - the highest share since 2018. Homes now take a median of 16 days to sell, three days slower than last year. Regional variations show stronger seller markets in the Northeast, particularly in Buffalo, Hartford, and Boston, while buyers have more leverage in Southern markets like Tampa, Jacksonville, and Miami.
Secondo l'ultimo rapporto di mercato di Zillow, il mercato immobiliare presenta segnali contrastanti: ad aprile 2025 le nuove vendite in sospeso sono diminuite del 2,5% su base annua, nonostante i tassi ipotecari più bassi. Tuttavia, le nuove inserzioni sono aumentate del 7,6% rispetto all'anno precedente, con 44 delle 50 principali aree metropolitane in crescita. I livelli di inventario sono saliti di quasi il 20% su base annua, raggiungendo valori che non si vedevano da agosto 2020.
L'incertezza economica ha causato esitazioni tra gli acquirenti, anche se i pagamenti ipotecari sono inferiori dell'1,3% rispetto all'anno scorso. Ad aprile, il 25% delle inserzioni su Zillow ha subito riduzioni di prezzo - la quota più alta dal 2018. Le case ora impiegano una mediana di 16 giorni per essere vendute, tre giorni in più rispetto all'anno precedente. Le variazioni regionali mostrano mercati più favorevoli ai venditori nel Nord-Est, in particolare a Buffalo, Hartford e Boston, mentre gli acquirenti hanno maggior potere di negoziazione in mercati del Sud come Tampa, Jacksonville e Miami.
Según el último informe de mercado de Zillow, el mercado inmobiliario muestra señales mixtas: en abril de 2025, las nuevas ventas pendientes cayeron un 2,5% interanual, a pesar de las tasas hipotecarias más bajas. Sin embargo, los nuevos listados aumentaron un 7,6% en comparación con el año pasado, con incrementos en 44 de las 50 principales áreas metropolitanas. Los niveles de inventario aumentaron casi un 20% interanual, alcanzando niveles no vistos desde agosto de 2020.
La incertidumbre económica ha provocado dudas en los compradores, aunque los pagos hipotecarios son un 1,3% más bajos que el año pasado. En abril, el 25% de los listados en Zillow tuvieron recortes de precio, la proporción más alta desde 2018. Las viviendas ahora tardan una mediana de 16 días en venderse, tres días más que el año anterior. Las variaciones regionales muestran mercados más fuertes para los vendedores en el noreste, especialmente en Buffalo, Hartford y Boston, mientras que los compradores tienen más poder en mercados del sur como Tampa, Jacksonville y Miami.
Zillow의 최신 시장 보고서에 따르면, 2025년 4월 신규 계약 대기 매매가 전년 대비 2.5% 감소해 주택 시장이 혼조세를 보이고 있습니다. 그럼에도 불구하고, 신규 매물은 전년 대비 7.6% 급증했으며, 50대 대도시 중 44곳에서 증가세를 나타냈습니다. 재고 수준은 전년 대비 거의 20% 상승해 2020년 8월 이후 최고 수준에 도달했습니다.
경제적 불확실성으로 인해 구매자들이 주저하고 있으나, 모기지 상환액은 전년 대비 1.3% 낮아져 부담이 줄었습니다. 4월에는 Zillow 매물의 25%가 가격 인하를 경험했으며, 이는 2018년 이후 가장 높은 비율입니다. 주택 판매까지 걸리는 중간 기간은 16일로, 전년보다 3일 더 길어졌습니다. 지역별로는 북동부, 특히 버팔로, 하트포드, 보스턴에서 판매자 시장이 강한 반면, 남부의 탬파, 잭슨빌, 마이애미 등에서는 구매자가 더 유리한 위치에 있습니다.
Selon le dernier rapport de marché de Zillow, le marché immobilier affiche des signaux mitigés : en avril 2025, les nouvelles ventes en attente ont chuté de 2,5% en glissement annuel, malgré des taux hypothécaires plus bas. Cependant, les nouvelles annonces ont augmenté de 7,6% par rapport à l'année précédente, avec une hausse dans 44 des 50 plus grandes métropoles. Les niveaux d'inventaire ont augmenté de près de 20% en un an, atteignant des niveaux jamais vus depuis août 2020.
L'incertitude économique a provoqué une hésitation chez les acheteurs, bien que les paiements hypothécaires soient inférieurs de 1,3% par rapport à l'an dernier. En avril, 25% des annonces Zillow ont subi des baisses de prix – la part la plus élevée depuis 2018. Les maisons se vendent désormais en 16 jours en moyenne, soit trois jours de plus que l'an dernier. Les variations régionales montrent des marchés plus favorables aux vendeurs dans le Nord-Est, notamment à Buffalo, Hartford et Boston, tandis que les acheteurs disposent de plus de pouvoir dans les marchés du Sud comme Tampa, Jacksonville et Miami.
Laut Zillows aktuellem Marktbericht zeigt der Wohnungsmarkt gemischte Signale: Im April 2025 sanken die neu anstehenden Verkäufe im Jahresvergleich um 2,5%, trotz niedrigerer Hypothekenzinsen. Allerdings stiegen die neuen Angebote im Vergleich zum Vorjahr um 7,6%, wobei 44 der 50 größten Metropolregionen Zuwächse verzeichneten. Die Bestandsmengen stiegen im Jahresvergleich um fast 20% und erreichten damit ein Niveau, das seit August 2020 nicht mehr gesehen wurde.
Wirtschaftliche Unsicherheit führt zu Zurückhaltung bei Käufern, obwohl die Hypothekenzahlungen 1,3% niedriger als im Vorjahr sind. Im April wurden bei 25% der Zillow-Angebote Preisnachlässe verzeichnet – der höchste Anteil seit 2018. Häuser benötigen nun eine mittlere Verkaufsdauer von 16 Tagen, drei Tage länger als im Vorjahr. Regionale Unterschiede zeigen stärkere Verkäufermärkte im Nordosten, insbesondere in Buffalo, Hartford und Boston, während Käufer in südlichen Märkten wie Tampa, Jacksonville und Miami mehr Verhandlungsmacht haben.
- None.
- Newly pending sales declined 2.5% YoY
- 25% of listings required price cuts - highest since 2018
- Homes taking longer to sell (16 days vs 13 days last year)
- Economic uncertainty causing buyer hesitation
Insights
Housing market shows signs of cooling despite lower mortgage rates, with inventory up 20% and pending sales down 2.5% year-over-year.
The latest Zillow data reveals a significant divergence between buyer and seller activity in the housing market. Despite mortgage payments being
This imbalance has forced sellers to become more accommodative, with almost
Regional disparities are stark. Sellers in Northeastern cities like Buffalo, Hartford, and Boston maintain strong bargaining positions, while Southern markets including Tampa, Jacksonville, New Orleans, and Miami have shifted to buyer-friendly conditions, partly due to increased construction activity and rising insurance costs.
The data shows troubling trends in several major markets: Miami experienced a
Economic uncertainty appears to be the primary factor suppressing buyer activity, particularly affecting first-time buyers who lack existing home equity. The report also highlights the growing affordability crisis in the rental market, with median income requirements for typical rentals reaching
Sales still lag behind new listings, despite lower mortgage costs
- Newly pending sales in April fell
2.5% compared to a year ago, despite lower average mortgage rates. - Sellers are more enthusiastic than buyers; new listings rose
7.6% over last year. - Mortgage payments are
1.3% smaller than last year due to lower rates and moderating home value growth. - Competition among buyers is fierce in the Northeast and more relaxed in the South.
"Economic anxieties disrupted the start of the home shopping season. In April, many households didn't know what was next for their jobs, investment portfolios or budgets. This kept some buyers on the sidelines, waiting for clearer economic signals before making major purchases like a home," said Zillow senior economist Kara Ng. "As uncertainty has since eased, improved availability and affordability in homes could lead to a rebound in the coming months."
Buyer and seller activity is picking up heading into the traditional peak for home shopping. Newly pending sales rose
Lower mortgage rates have brought some relief, reducing monthly payments by about
Sellers, meanwhile, are more active. New listings climbed
To close the gap with cautious buyers, nearly
Buyers have a wealth of options to choose from. Inventory nationwide is up nearly
Homes are going under contract in a median of 16 days, three days slower than last year and six days slower than in 2023. That's giving buyers more time to find the right fit, often with safeguards such as inspection and financing contingencies.
Zillow's market heat index indicates sellers still have a slight upper hand in negotiations nationwide. But competition has finally cooled back down to 2018 and 2019 averages, after being heavily tilted in sellers' favor in more recent springs.
Buyers hold the reins in the South —
Zillow's Rental Market Report shows renters now need to make
Metro Area* | Zillow Home | ZHVI | ZHVI | Inventory | New | Newly | Median |
0.7 % | 0.7 % | 19.6 % | 7.6 % | -2.5 % | 16 | ||
4.4 % | 0.9 % | -2.7 % | -1.4 % | -7.8 % | 22 | ||
1.2 % | 0.5 % | 39.1 % | 9.1 % | -2.3 % | 18 | ||
3.4 % | 1.1 % | 1.5 % | -2.7 % | -0.3 % | 8 | ||
-3.0 % | 0.3 % | 29.2 % | 10.5 % | -6.8 % | 21 | ||
-1.4 % | 0.4 % | 28.9 % | 13.4 % | -1.1 % | 25 | ||
2.1 % | 0.8 % | 36.8 % | 19.4 % | 2.0 % | 7 | ||
3.1 % | 1.1 % | 9.8 % | 6.2 % | 1.8 % | 8 | ||
-2.3 % | -0.1 % | 24.8 % | -2.0 % | -17.8 % | 54 | ||
-2.3 % | 0.4 % | 31.4 % | 8.2 % | -14.6 % | 27 | ||
2.2 % | 1.1 % | 21.2 % | 18.9 % | 5.7 % | 7 | ||
-2.8 % | 0.3 % | 37.5 % | 15.9 % | -4.9 % | 28 | ||
-1.2 % | 0.7 % | 30.4 % | 7.6 % | -2.0 % | 15 | ||
0.1 % | 0.3 % | 36.1 % | 12.2 % | -2.4 % | 24 | ||
2.8 % | 1.3 % | 7.5 % | 1.0 % | -3.5 % | 8 | ||
1.1 % | 0.7 % | 26.9 % | 10.6 % | -4.5 % | 7 | ||
1.2 % | 1.0 % | 8.4 % | 4.4 % | 2.3 % | 14 | ||
-0.9 % | 0.3 % | 42.9 % | 13.0 % | 0.3 % | 16 | ||
-5.0 % | 0.0 % | 20.9 % | 9.5 % | -7.8 % | 29 | ||
-1.8 % | 0.6 % | 44.8 % | 18.4 % | -0.2 % | 12 | ||
1.9 % | 0.9 % | 20.3 % | 11.7 % | 4.0 % | 7 | ||
2.4 % | 1.0 % | 9.6 % | 1.6 % | -0.8 % | 6 | ||
-2.7 % | 0.1 % | 32.8 % | 8.5 % | -5.8 % | 33 | ||
-0.6 % | 0.5 % | 33.0 % | 16.5 % | -3.5 % | 17 | ||
-3.2 % | 0.4 % | 18.1 % | 6.8 % | -5.1 % | 36 | ||
-0.1 % | 0.7 % | 21.8 % | 13.0 % | -1.6 % | 9 | ||
-0.6 % | 0.5 % | 32.7 % | 13.4 % | -0.4 % | 12 | ||
1.3 % | 1.3 % | 11.7 % | 3.0 % | -2.1 % | 8 | ||
3.1 % | 1.1 % | 13.9 % | 5.6 % | 5.8 % | 5 | ||
-5.1 % | 0.5 % | 15.0 % | 11.0 % | -9.7 % | 34 | ||
2.5 % | 0.4 % | 48.7 % | 19.7 % | -4.9 % | 24 | ||
1.9 % | 1.0 % | 11.5 % | 5.0 % | 0.0 % | 5 | ||
1.7 % | 0.9 % | 22.4 % | 8.1 % | 1.2 % | 5 | ||
1.7 % | 0.8 % | 17.4 % | 11.1 % | 7.3 % | 8 | ||
4.7 % | 1.3 % | 14.6 % | 7.4 % | 2.2 % | 6 | ||
3.4 % | 0.9 % | 34.4 % | 4.7 % | -10.9 % | 13 | ||
0.4 % | 0.7 % | 23.8 % | 4.6 % | -10.4 % | 20 | ||
2.1 % | 0.6 % | 19.2 % | 8.1 % | 4.1 % | 22 | ||
4.3 % | 0.9 % | 24.5 % | 14.7 % | 8.2 % | 9 | ||
-2.7 % | 0.3 % | 24.9 % | 4.7 % | -7.1 % | 46 | ||
3.2 % | 1.7 % | 3.1 % | -2.0 % | -11.7 % | 16 | ||
1.0 % | 0.7 % | 10.7 % | 0.9 % | -3.7 % | 19 | ||
-1.4 % | 0.5 % | 43.4 % | 18.2 % | -4.1 % | 12 | ||
-0.7 % | 0.6 % | 0.9 % | -0.5 % | 36.3 % | 20 | ||
1.8 % | 0.7 % | 21.7 % | 20.0 % | 7.0 % | 6 | ||
4.4 % | 1.2 % | 15.2 % | 7.0 % | -16.4 % | 7 | ||
-2.4 % | 0.5 % | 11.3 % | 2.7 % | 9.1 % | 34 | ||
1.7 % | 0.9 % | 30.3 % | 15.9 % | 3.7 % | 13 | ||
4.4 % | 1.3 % | 1.8 % | -4.7 % | -1.3 % | 6 | ||
3.2 % | 1.2 % | 2.0 % | 4.8 % | 6.7 % | 9 | ||
-0.3 % | 0.7 % | 11.2 % | 3.2 % | -0.5 % | 14 |
*Table ordered by market size |
1 The Zillow market report is a monthly overview of the national and local real estate markets. The report is compiled by Zillow Research. For more information, visit zillow.com/research.
2 Monthly mortgage payment for a home purchased at the Zillow Home Value Index, using average mortgage rates for that month and a
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