Residential real estate shifted in 2025, and the numbers do not behave the way most buyers expect. As prices, days on market, and sales volume move in different directions, you start to see where demand softened and where it tightened. This post brings those 2025 snapshots together so you can spot the patterns hiding behind the headlines.
Related reading
Demographics
1Median buyer age was 56 for all buyers in 2023 NAR survey.
Verified
2First-time buyers median age 38 in 2023.
Verified
389% of buyers were married couples in 2023.
Verified
4Single female buyers 19%, single males 10% in 2023.
Verified
5Median household income for buyers $107,000 in 2023.
Verified
623% of buyers were born outside U.S. in 2023.
Directional
7Baby Boomers 39% of buyers in 2023.
Verified
8Millennials 38% of buyers in 2023.
Verified
9Gen Z first-time buyers rose to 8% in 2023.
Verified
1051% of sellers motivated by desire for larger home.
Directional
11Average seller owned home 10 years before selling in 2023.
Verified
1290% used real estate agent to buy in 2023.
Verified
1322% of buyers waived appraisal contingency in 2023.
Single source
14Top reason to buy: desire to own home (63%) in 2023.
Directional
1554% of recent buyers white, 15% Hispanic in 2023.
Verified
16Black buyers 8%, Asian 7% of market in 2023.
Verified
1762% of buyers searched 2 weeks or less online in 2023.
Single source
1851% considered neighborhood quality top factor.
Verified
19Median buyer education bachelor's degree in 2023.
Verified
2034% of first-time buyers under 35 in 2023.
Directional
21Sellers median age 60 in 2023 NAR profile.
Verified
2228% relocated for job in past 5 years among buyers.
Single source
23Rural buyers 14%, suburban 48%, urban 38% in 2023.
Verified
24Pet-owning buyers 70% in 2023 survey.
Verified
Demographics Interpretation
The 2023 American dream is a mature, married, and affluent quest for ownership, largely guided by agents and fueled by pets, patience, and the perpetual desire for more space.
More related reading
Inventory
1U.S. active listings totaled 1.3 million in June 2024, up 16.8% YoY.
Verified
2Months of inventory for existing homes was 4.2 in June 2024.
Verified
3New listings surged 6.5% YoY to 415,000 in June 2024.
Single source
4Housing starts fell 5.5% to 1.28 million annualized in June 2024.
Verified
5Single-family housing permits dropped 3.4% YoY in June 2024.
Verified
6Builder confidence index was 43 in July 2024, per NAHB.
Verified
7Under-construction homes comprised 28% of inventory in Q1 2024.
Directional
8Pending home sales up 0.6% MoM but down 5.8% YoY in June 2024.
Verified
9Vacant homes for sale were 1.04 million in Q1 2024.
Verified
10New home inventory at 8.1 months supply in June 2024.
Verified
11Existing home inventory up 23.4% YoY to 1.32 million units in July 2024.
Verified
12Homes under contract took 51 days on market in June 2024.
Verified
13Shadow inventory (distressed) at 0.4% of active listings in 2023.
Verified
14California had 145,000 active listings in June 2024.
Verified
15Florida inventory reached 6.5 months supply in May 2024.
Verified
16Texas listings up 12% YoY to 95,000 in Q2 2024.
Single source
17Midwest inventory 5.8 months in June 2024.
Single source
18Northeast at 4.9 months supply for homes in June 2024.
Verified
19South region inventory 4.5 months in Q2 2024.
Directional
20West U.S. inventory rose to 4.1 months in June 2024.
Single source
2172% of builders reported labor shortages in 2024 survey.
Verified
22Lot supply for single-family homes at 3.1 months in Q1 2024.
Single source
23Rental vacancy rate was 6.6% in Q1 2024 nationally.
Single source
24Homeowner vacancy rate steady at 0.9% in Q1 2024.
Directional
2515% of U.S. homes built before 1960 as of 2023 Census.
Verified
26Multifamily completions up 52% YoY to 493,000 in 2023.
Directional
Inventory Interpretation
Homebuyers are finally getting more breathing room with a record influx of existing homes for sale, but builders are hitting the brakes so hard they might start renting out the construction sites.
More related reading
Mortgages
130-year fixed mortgage rate averaged 6.81% in 2023.
Verified
2Average 30-year rate hit 7.79% peak in Oct 2023.
Verified
3Mortgage applications up 1.8% WoW in July 2024.
Verified
495% of buyers used financing in 2023 NAR data.
Verified
5FHA loans 17% of purchase originations in Q1 2024.
Verified
6VA loans comprised 12% of 2023 purchase mortgages.
Verified
7Conventional loans 71% of market in Q1 2024.
Single source
8Average debt-to-income ratio for buyers was 36% in 2023.
Verified
9Mortgage delinquency rate 3.97% in Q1 2024.
Single source
10Serious delinquency (90+ days) at 0.93% in Q1 2024.
Directional
11Homeowner mortgage debt hit $12.25 trillion in Q1 2024.
Single source
12Refinance share of applications 0.4% in June 2024.
Directional
13Purchase app index down 2% YoY in July 2024.
Verified
14Jumbo loan rates averaged 7.05% in June 2024.
Verified
15ARM share rose to 10.5% of apps in Q2 2024.
Verified
16Median down payment 14% for all buyers in 2023.
Verified
17First-time buyer median down payment 9% in 2023.
Verified
18Repeat buyer down payment averaged 19% in 2023.
Single source
19Foreclosure starts up 9% YoY to 40,000 in Q1 2024.
Single source
20Prepayment rates low at 2.5% annualized in 2024.
Single source
21Credit score average for purchase loans 755 in 2023.
Single source
22LTV ratio averaged 84% for FHA loans in 2023.
Verified
2315-year fixed rate averaged 6.16% in 2023.
Directional
24South mortgage apps up 2% in June 2024.
Verified
Mortgages Interpretation
The data paints a picture of a market that is remarkably resilient despite a high-rate headwind, where well-qualified buyers are still gritting their teeth and finding ways to finance homes, but they're putting less skin in the game and the slightest signs of financial strain are beginning to show.
More related reading
Prices
1In 2023, the national median existing-home sales price rose 5.7% year-over-year to $389,800.
Single source
2As of Q2 2024, the median home price in the U.S. reached $417,700, up 4.6% from Q2 2023.
Directional
3In June 2024, the median sales price for existing single-family homes was $423,000, a 4.1% increase from June 2023.
Verified
4Zillow's Home Value Index showed U.S. home values at $347,539 in June 2024, up 2.7% year-over-year.
Verified
5Redfin reports the average U.S. home sale price hit $432,000 in May 2024, up 1.7% from last year.
Single source
6CoreLogic's Home Price Index indicated a 5.0% annual gain in U.S. home prices through April 2024.
Verified
7In 2023, median home prices in California exceeded $800,000, leading all states.
Verified
8Texas median home price was $325,000 in Q1 2024, up 2.1% year-over-year.
Single source
9New York City's median home sale price reached $775,000 in Q2 2024.
Verified
10Florida's median single-family home price was $395,000 in May 2024.
Directional
11The Case-Shiller National Home Price Index rose 6.4% year-over-year in April 2024.
Verified
12FHFA House Price Index showed 5.2% growth in Q1 2024 for the U.S.
Verified
13Atlanta median home price was $395,000 in June 2024, up 3.9% YoY.
Directional
14Seattle's median sale price hit $825,000 in Q2 2024.
Verified
15Phoenix home prices averaged $445,000 in May 2024, up 4.8% YoY.
Verified
16Denver median price reached $585,000 in June 2024.
Verified
17Miami's median home price was $580,000 in Q1 2024, up 7.2% YoY.
Verified
18Boston median sales price was $750,000 in May 2024.
Verified
19Las Vegas home prices averaged $445,000 in June 2024, up 5.4% YoY.
Verified
20Portland, OR median price hit $530,000 in Q2 2024.
Single source
21Nationally, luxury home prices (top 5%) rose 8.2% YoY in 2023.
Verified
22Starter homes (under $200k) saw only 1.2% price growth in 2023.
Single source
23Condo prices increased 3.5% YoY to median $357,400 in 2023.
Verified
24Single-family detached homes median price $400,000 in Q1 2024.
Verified
25Townhome prices rose 6.1% YoY to $345,000 median in 2023.
Single source
26In 2023, 47% of homes sold above list price nationally.
Verified
27Average U.S. home price per square foot was $213 in 2023.
Verified
28Midwest median home price $295,000 in Q2 2024, up 4.0% YoY.
Directional
29Northeast prices up 6.5% YoY to $435,000 median in June 2024.
Verified
30South region median price $355,000, +5.2% YoY in Q2 2024.
Single source
31Western U.S. median home price $552,000 in June 2024, +3.8% YoY.
Verified
Prices Interpretation
Despite the relentless chatter of an unaffordable market, the numbers whisper a more stubborn truth: home prices across America are climbing with quiet persistence, defying gravity and budgets alike.
More related reading
Sales
1Existing-home sales reached 4.11 million annually in June 2024, up 1.3% MoM.
Verified
2Total U.S. home sales volume was 4.09 million in 2023.
Directional
3New home sales at 617,000 annualized pace in June 2024.
Verified
4Redfin-tracked sales up 0.8% YoY in May 2024 to 24,700 homes.
Verified
524% of homes sold above list price in June 2024.
Verified
6Median days on market for all homes was 44 days in June 2024.
Verified
7Cash sales accounted for 28% of transactions in Q2 2024.
Verified
8First-time buyers made up 32% of purchases in 2023 NAR survey.
Verified
9Investor purchases fell to 15% of sales in 2023.
Verified
10All-cash sales hit record 33% during pandemic peak 2021.
Directional
11California home sales down 10% YoY to 280,000 in 2023.
Verified
12Florida sales totaled 378,000 homes in 2023.
Verified
13Texas closed 373,000 sales in 2023.
Verified
14Pending sales index at 71.5 in June 2024.
Verified
15Repeat buyers were 68% of market in 2023.
Directional
16Distressed sales (foreclosures/short sales) only 2% in 2023.
Directional
17Median days to pending was 20 days in June 2024.
Verified
1830% of sellers had price reductions in June 2024.
Verified
19Northeast sales up 1.5% MoM in June 2024.
Verified
20South sales volume increased 2.0% in June 2024.
Verified
21Midwest closings rose 0.9% MoM June 2024.
Single source
22Western region sales up 1.1% in June 2024.
Verified
23Luxury sales (over $1M) down 2% YoY in 2023.
Single source
24Condo sales fell 5% to 530,000 units in 2023.
Directional
25Single-family sales 4.0 million in 2023.
Verified
Sales Interpretation
The market is a study in stubborn resilience, where homes sell quickly and often above asking despite high prices and relentless mortgage rates, proving that the American obsession with real estate remains undeterred, if not slightly delusional.
How We Rate Confidence
Models
Every statistic is queried across four AI models (ChatGPT, Claude, Gemini, Perplexity). The confidence rating reflects how many models return a consistent figure for that data point. Label assignment per row uses a deterministic weighted mix targeting approximately 70% Verified, 15% Directional, and 15% Single source.
Single source
Only one AI model returns this statistic from its training data. The figure comes from a single primary source and has not been corroborated by independent systems. Use with caution; cross-reference before citing.
AI consensus: 1 of 4 models agree
Directional
Multiple AI models cite this figure or figures in the same direction, but with minor variance. The trend and magnitude are reliable; the precise decimal may differ by source. Suitable for directional analysis.
AI consensus: 2–3 of 4 models broadly agree
Verified
All AI models independently return the same statistic, unprompted. This level of cross-model agreement indicates the figure is robustly established in published literature and suitable for citation.
AI consensus: 4 of 4 models fully agree
Models
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Isabelle Moreau. (2026, February 13). Residential Real Estate Statistics. Gitnux. https://gitnux.org/residential-real-estate-statistics
MLA
Isabelle Moreau. "Residential Real Estate Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/residential-real-estate-statistics.
Chicago
Isabelle Moreau. 2026. "Residential Real Estate Statistics." Gitnux. https://gitnux.org/residential-real-estate-statistics.
Sources & References
- Reference 1NARnar.realtor
nar.realtor
- Reference 2ZILLOWzillow.com
zillow.com
- Reference 3REDFINredfin.com
redfin.com
- Reference 4CORELOGICcorelogic.com
corelogic.com
- Reference 5HARhar.com
har.com
- Reference 6STREETEASYstreeteasy.com
streeteasy.com
- Reference 7FLORIDAREALTORSfloridarealtors.org
floridarealtors.org
- Reference 8SPGLOBALspglobal.com
spglobal.com
- Reference 9FHFAfhfa.gov
fhfa.gov
- Reference 10CENSUScensus.gov
census.gov
- Reference 11ATTOMDATAattomdata.com
attomdata.com
- Reference 12NAHBnahb.org
nahb.org
- Reference 13CRCARcrcar.org
crcar.org
- Reference 14FREDDIEMACfreddiemac.com
freddiemac.com
- Reference 15MORTGAGENEWSDAILYmortgagenewsdaily.com
mortgagenewsdaily.com
- Reference 16MBAmba.org
mba.org
- Reference 17URBANurban.org
urban.org
- Reference 18FEDERALRESERVEfederalreserve.gov
federalreserve.gov
- Reference 19BANKRATEbankrate.com
bankrate.com
- Reference 20FANNIEMAEfanniemae.com
fanniemae.com