U.S. households earning $75,000 a year can afford only 21.2% of home listings as of March 2025âup from 20.8% in March 2024 and the largest gain of any income group, according to the National Association of Realtors.
For-sale housing inventory increased nearly 20% nationwide year-over-year.
"The housing market is at a turning point," NAR Senior Economist Nadia Evangelou. "More homes are hitting the market, and it's encouraging to see the greatest housing-supply gains among middle-income home buyers."
A household earning $50,000 annually can afford only 8.7% of home listings, while households earning $250,000 or more can afford at least 80%.
Montana, Idaho, California, Massachusetts and Hawaii have the largest shortfalls in affordable housing.
Read the full report here.
