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January 30 2025
Reef Daily
Reef Daily | January 30 2025
Housing Market Update
Latest Market Data (January 30, 2025)
- Active listings increased 24.6% year-over-year, marking the 15th consecutive month of inventory growth
- Total unsold homes, including pending listings, rose 17.1% compared to last year
- New listings surged 10.8% above last year's levels, reaching the highest January level since 2021
- Median list price decreased 2.2% to $400,500, though price per square foot grew 1.2%
- Homes spent 73 days on market, five days longer than last year
- Price reduction share increased to 15.6% of listings, up from 14.7% last January
Regional Activity The West led new listing growth with a 21.7% increase, followed by:
- Midwest: 10.7% increase
- South: 10.6% increase
- Northeast: 4.5% increase
Mortgage Rates
Current rates as of January 30, 2025:
Type | Today's Rate | Last Week's Rate |
---|---|---|
30-year fixed | 6.99% | 7.05% |
15-year fixed | 6.26% | 6.36% |
5/1 ARM | 6.30% | 6.29% |
Future Forecasts Rates are expected to remain in the 6% range throughout 2025, with occasional spikes above 7%
Notable Transactions
Commercial Highlights
- Sherman Residential acquired 237-unit Axis Camelback apartment complex in Phoenix for $72.05 million
- Rancho Encanto Plaza in Phoenix sold for $10.55 million
- AEW Capital Management secured $68 million in construction financing for NextWave Tempe industrial project
Market Indicators
Pending Home Sales
- Pending sales fell 5.5% in December after four consecutive months of increases
- All four U.S. regions experienced month-over-month losses in transactions
- The West recorded the largest decline in pending sales
Regional Developments
Active Listing Growth by Region:
- West: 31.0% increase
- South: 27.2% increase
- Midwest: 16.8% increase
- Northeast: 7.8% increase
Sources
- realtor.com
- nar.realtor
- mpamag.com
- noradarealestate.com
- bizjournals.com
- realtor.com
- redfin.com
- finance.yahoo.com
- investopedia.com
- calculatedriskblog.com
- realtor.com
- southsideweekly.com
- noradarealestate.com
- cnet.com
- calculatedrisk.substack.com
- investopedia.com
- realtor.com
- businessinsider.com
- muddyrivernews.com
- today.com
- nar.realtor
- rismedia.com
- morningstar.com
- abcnews.go.com
- africacenter.org
- noradarealestate.com
- libn.com
- thecurrencyanalytics.com
- houstonchronicle.com
- reuters.com
This newsletter is for informational purposes only and should not be considered as financial advice.
© 2025 Reef Insights. All rights reserved.
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