The median existing-home price was also on the upswing last month, providing homeowners a bit of refuge as the stock market undergoes a correction, Chief Economist Lawrence Yun said in the monthly report. 

The pace of new-home construction was higher than economists expected, even as homebuilders expressed concern about the impact of tariffs and supply-side challenges. 

While January saw a surge in new listings, February’s listing activity was hampered by snow storms and freezing temperatures. 

If you have a would-be seller close to getting ready to put their home on the market, now’s the time to prepare. 

Falling consumer sentiment suggests potential homebuyers are wary of the short-term economic outlook and future inflation, CoreLogic Chief Economist Selma Hepp said. 

Furthermore, 13% of homeowners said they’d take their home off the market if they learned their ex was considering buying it.

It also made the list of top 25 U.S. suburbs Americans are planning to move to in 2025.

The higher down payment amount compared to last year is due to higher home prices, resulting in larger deposits for buyers.

Meanwhile, days on market fell last month as did housing starts.

At the same time, the median sales price for a new home hit its highest level since 2022, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.   

In Boston, home prices rose 6.35% year over year and 0.42% month over month in December. Beantown’s annual increase was the third highest in the U.S. after New York and Chicago.

At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985. 

January’s median single-family home price reached a new all-time high for the month, according to the Warren Group’s January market report.

Greater Boston has 1,167 office-to-apartment conversions on tap for 2025, No. 19 among U.S. metro areas.

Meanwhile, pending home sales and builder confidence were up nationally in January.

On a city basis, Chicago posted the highest annual increase among the country’s 20 largest metros, followed by Miami, Las Vegas and Washington, D.C.