United States Housing Market

Home prices nationwide were up 2.5% year-over-year in March. At the same time, the number of homes sold fell 2.9% and the number of homes for sale rose 15.0%.

Overview
Supply
Demand
Migration
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U.S. Housing Supply

Are there enough homes for sale to meet buyer demand?

In March 2025, there were 1,810,627 homes for sale in the United States, up 15.0% yearover year. The number of newly listed homes was 610,508 and up 8.2% year over year.The median days on the market was 47 days, up 6 year over year.The average months of supply is 3 months, up 0 year over year. …

The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. Theycan also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. There are currently 1,810,627 residential homes for sale in the United States.…

# of Homes for Sale

(All Home Types)

1,810,627

+15.0% YoY | Mar 2025

Based on Redfin calculations of home data from MLS and/or public records.

What does this mean?

The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. They can also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. There are currently 1,810,627 residential homes for sale in the United States.

Location

Data

Mar 2025

Growth

% YoY

1,810,627

+15.0%

U.S. Migration Trends

Where are people moving to and from?

Nationwide, 28% of homebuyers searched to move to a different metro area between Jan '25 - Mar '25. The top 5 states homebuyers searched to move to were Florida, Arizona, North Carolina, South Carolina, and Tennessee while California, New York, Illinois, Washington, and Maryland were the top 5 states homebuyers searched to move from.

Of all the major U.S. metros, Sacramento was the most searched for destination among homebuyers looking to relocate between Jan '25 - Mar '25. Next came Phoenix, Cape Coral, Sarasota, and Orlando. Los Angeles was the most searched for destination among homebuyers looking to leave, followed by New York, Seattle, San Francisco and Washington.

Moving to

Moving from

Data Unavailable

Top 10 areas people are moving to

Inbound		Net inflow
Metros		Jan '25 - Mar '25
1	Sacramento, CA	8,300
2	Phoenix, AZ	6,800
3	Cape Coral, FL	5,900
4	Sarasota, FL	4,900
5	Orlando, FL	4,800
6	Las Vegas, NV	4,500
7	Myrtle Beach, SC	4,400
8	Salisbury, MD	4,100
9	Hilo, HI	3,500
10	Jacksonville, FL	3,400

Top 10 areas people are moving from

Outbound		Net outflow
Metros		Jan '25 - Mar '25
1	Los Angeles, CA	35,300
2	New York, NY	28,600
3	Seattle, WA	22,900
4	San Francisco, CA	22,200
5	Washington, DC	19,300
6	Chicago, IL	9,800
7	Boston, MA	4,600
8	Denver, CO	3,700
9	Philadelphia, PA	3,600
10	Hartford, CT	2,200

Methodology

This data does not reflect actual moves. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.

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United States Housing Market

U.S. Housing Supply

U.S. Migration Trends

Housing Market News

Florida and Texas Are Gaining Residents at a Much Slower Rate Than They Used To, Eating Into Homebuyer Demand

Thousands More People Are Moving In Than Out of Fire- and Flood-Prone America, Fueled by Migration to Texas and Florida

San Francisco Is Coming Back: Homebuyers are Leaving the Bay Area at Half the Pandemic-Era Rate

U.S. Home Prices Ticked Up 0.2% in March, the Slowest Pace Since 2022

44% of Home Sellers Are Giving Concessions to Buyers—Just Shy of the Highest Level on Record

Home-Price Growth Is Losing Steam As Buyers Back Off Amid Economic Instability and High Costs

Redfin’s 2025 Predictions: Pent-Up Demand Will Lead to More Home Sales, But Many Would-Be Buyers Will Opt to Rent

Housing Market Predictions 2023: A Post-Pandemic Sales Slump Will Push Home Prices Down For the First Time in a Decade

Redfin Predicts a More Balanced Housing Market in 2022

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