Sky-high housing costs continue to challenge U.S. homebuyers, with the typical monthly payment reaching $2,793, just $6 below last year’s all-time high, according to Redfin (redfin.com). The median home-sale price rose 3.3% year-over-year to $383,475 during the four weeks ending March 16, 2025.
Despite high costs, some areas show positive trends. Sacramento, CA, saw a 3.3% increase in pending sales, while Anaheim, CA, recorded a 9.9% rise in median sale prices. New listings surged in San Jose, CA (29.5%), Phoenix (26%), and Sacramento (24.1%).
“Some buyers are jumping back in because it’s clear the market isn’t going back to where it was in 2020,” said Heather Mahmood-Corley, a Redfin Premier agent in Phoenix.…