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January 30 2025

Reef Daily

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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

  1. realtor.com
  2. nar.realtor
  3. mpamag.com
  4. noradarealestate.com
  5. bizjournals.com
  6. realtor.com
  7. redfin.com
  8. finance.yahoo.com
  9. investopedia.com
  10. calculatedriskblog.com
  11. realtor.com
  12. southsideweekly.com
  13. noradarealestate.com
  14. cnet.com
  15. calculatedrisk.substack.com
  16. investopedia.com
  17. realtor.com
  18. businessinsider.com
  19. muddyrivernews.com
  20. today.com
  21. nar.realtor
  22. rismedia.com
  23. morningstar.com
  24. abcnews.go.com
  25. africacenter.org
  26. noradarealestate.com
  27. libn.com
  28. thecurrencyanalytics.com
  29. houstonchronicle.com
  30. 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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