Existing-home sales fell 5.9% from February to March to a seasonally adjusted annual rate of 4.02 million, according to the National Association of Realtors.
National sales decreased 2.4%, or 4.12 million, from March 2024 to March 2025.
“Home buying and selling remained sluggish in March due to the affordability challenges associated with high mortgage rates,” NAR Chief Economist Lawrence Yun said in a statement. “Residential housing mobility, currently at historical lows, signals the troublesome possibility of less economic mobility for society.”
The total housing inventory at the end of March was 1.33 million units, up 8.1% from February and up 19.8% from March 2024.
There was a 4.0-month supply of unsold inventory at the current sales pace in March, up from 3.5 months in February and 3.2 months from March 2024.
Read the full report here.
