The national median list price of homes for sale in March was $424,900, unchanged from a year ago (+0.0%). However, when accounting for the shift toward smaller homes on the market, prices are still edging up. Since March 2019, the typical list price has climbed nearly 39%, while price per square foot is up nearly 55%.
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- Californian metros are the surprising outliers of this general trend– with San Jose (+6.4%), Sacramento (+4.6%), San Francisco (+2.6%), and Los Angeles (+1.2%) all seeing pending listings increase over the previous year.
- Once the election was decided, consumer and business sentiment shot higher, and hiring activity increased, according to an array of surveys and economic data.
- This marks the 12th consecutive month where homes have taken longer to sell compared to the year before.
- The interests of Lunar Capital’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
According to Fannie Mae’s National Housing Survey, more people expressed concerns about rising mortgage rates and their personal finances in February. Ongoing uncertainty about the broader economy- amid numerous discussions of possible policy changes- could also be giving some buyers pause as they weigh their options. “The previous 19 times it had happened,” Detrick notes, a history that goes back to World War II, “that had a year of data after the signal showed higher prices every single time.” Stocks were up early to open the new week after posting wins during the last four trading sessions through Friday. Investors, traders and speculators took the opportunity to sell into a rally that took on historic proportions – and may still take prices higher from here. Economists initially chalked this up to election-year uncertainty, ongoing adjustments to over-hiring, the cumulative effect of fast-rising prices and the sheer weight of interest rates being at a 23-year high.
White-collar jobs have been harder to come by in recent years, and that’s largely due to the pandemic. The recent stretch of labor market data is showing “two separate worlds,” RSM US economist Joe Brusuelas told CNN on Wednesday. There were an estimated 224,000 initial claims for jobless benefits for the week ended March 22, a decline of 1,000 from the prior week’s upwardly revised tally. They’re entering a labor market that’s “a little bit frozen,” but stable for now, noted Allison Shrivastava, an economist at the Indeed Hiring Lab. Those job hunts are coming at a time when rising uncertainty around President Donald Trump’s economic agenda is clouding businesses’ decision-making and further slowing hiring — especially for specialized and white-collar roles. In March, 17.5% of homes had price reductions—2.5 percentage points higher than last year and the highest share for any March in Realtor.com’s data since at least 2016.
Where Housing Inventory Is Growing the Fastest
Additionally, affordability concerns persist as the metro areas which have seen affordability erode most compared to pre-pandemic levels are generally also seeing pending home sales decline most this spring. During that time, hiring soared in sectors such as technology, financial services and consulting as the global health crisis and low interest rates fueled remote work and altered consumer spending patterns. Buyers had more homes to choose from this March, with the number of homes actively for sale up 28.5% compared to the same time last year. That marks the 17th month in a row of year-over-year inventory growth and a slight improvement over February’s gain of 27.5%. Still, even with this progress, housing inventory remains 20.2% below typical levels seen between 2017 and 2019, showing that the market still has catching up to do. Californian metros are the surprising outliers of this general trend– with San Jose (+6.4%), Sacramento (+4.6%), San Francisco (+2.6%), and Los Angeles (+1.2%) all seeing pending listings increase over the previous year.
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This trend suggests that sellers are becoming more responsive to shifting demand and affordability limits. When compared to pre-pandemic norms, the South is the closest to recovery—down just 3.2%. In contrast, the Northeast lags furthest behind, with new listings still down 30.2% from typical March levels, consistent with supply gap research showing the biggest construction shortfall and no progress toward closing it in the Northeast.
Once the election was decided, consumer and business sentiment shot higher, and hiring activity increased, according to an array of surveys and economic data. A handful of markets, including Portland, Denver and Nashville, are seeing home listings spend more time on the market than their pre-pandemic norms. This softening was seen in many major metro areas as well, with 36 of 44 analyzed metros recording a year-over-year drop in pending home sales. Jacksonville (-15.1%), Virginia Beach (-14.2%), Miami (-13.7%), and Memphis (-13.0%) were among those seeing the most notable slowdowns compared with last year. Jacksonville, Miami, and other Florida metro areas are reflecting a cooling in the Florida market, and Memphis and Virginia Beach topped the list of metros which saw affordability erode most since 2019.
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However, this is a small dip from the previous month’s 18.2% gain, due to a slowdown in pending home listings. Larkin notes that high-profile economic data and earnings releases are likely to generate volatility this week. “But as we saw last week,” he adds, “big price swings are easier to digest when they’re to the upside.” With markets poised for a big week for both earnings and economic data as well as more presidential posts about tariffs and trade, a generally cautious https://lunarcapital.net/ as opposed to a broadly manic Monday is its own kind of relief.
In March, the typical home for sale spent 53 days on the market—three days longer than the same time last year. This marks the 12th consecutive month where homes have taken longer to sell compared to the year before. However, homes are still moving faster than they did before the pandemic, with days on market nine days shorter than the March 2017–2019 average. Across the 50 largest metro areas, 47 saw an increase in new listings this March, up from 35 last month. But only 10 metros had more newly listed homes than they typically saw in March 2017–2019. Total home listing inventory- including both homes for sale and under contract- rose by 17.3% compared with last year, growing on an annual basis for the 16th month in a row.
For added convenience, you can enable the one-click trading option by tapping on the third icon from the right in the top toolbar. Using this panel you can instantly send buy or sell market orders with specified volumes. Lunar Capital LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA).
Detrick provides further technical validation for upside from this bottom, noting that the S&P 500 gained more than 1.5% three days in a row and that stocks were higher a year later every time this has happened in the past, “10 for 10.” Detrick explains that the Zweig Breadth Thrust Indicator – which measures how quickly market sentiment shifts – activated last Thursday. “The bottom line for readers,” Detrick writes, “is this happens when stocks go from very oversold to very overbought in a quick fashion.”
Weekly jobless claims and Institute for Supply Management Purchasing Managers Index data will come on Thursday. It all leads up to Jobs Friday, when the BLS updates the employment situation as of April. More than 70% of the stocks on the New York Stock Exchange (NYSE) were up during those three days, “another rare and potentially bullish clue” after which stocks were higher a year later 26 out of 27 times.
- Total home listing inventory- including both homes for sale and under contract- rose by 17.3% compared with last year, growing on an annual basis for the 16th month in a row.
- Lunar Capital LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA).
- White-collar jobs have been harder to come by in recent years, and that’s largely due to the pandemic.
- Compared to typical pre-pandemic March levels (2017–2019), inventory is nearly back to normal in the West and South, down just 2.1% and 3.2%, respectively.
- Compared to last March, pending home listings in large metropolitan areas are down 5.2%.
The 50 largest U.S. metropolitan areas as defined by the Office of Management and Budget (OMB ) and Claritas 2025 estimates of household counts. With the release of its January 2025 housing trends report, Realtor.com® has restated data points for some previous months. As a result of these changes, some of the data released since January 2025 will not be directly comparable with previous data releases (files downloaded before January 2025) and Realtor.com® economics research reports. The number of homes under contract but not yet sold (pending listings) dipped in March, reversing some momentum seen earlier in the year. Compared to last March, pending home listings in large metropolitan areas are down 5.2%. This softer activity may be linked to mortgage rates, which were higher in January and February than they were at the end of last year.
But Tuesday through Friday will provide plenty of information for investors, traders and speculators to digest ahead of the next Fed meeting. The Technology Select Sector SPDR Fund (XLK) was up more than 8% last week – a notable achievement for what had been the worst-performing sector group in the U.S. stock market so far in 2025. Solid first-quarter earnings suggest fundamentals remain solid, and recent price action is encouraging too.
The only other four metro areas seeing an increase were Grand Rapids (+6.1%), Kansas City (+3.4%), Buffalo (+2.5%), and St. Louis (+0.2%). Out of the largest 50 metro areas, San Francisco and San Jose were the only two that have had improvements in their affordability scores since 2019, as local incomes kept up with very modest price gains over the past several years. Lunar Capital is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of Lunar Capital’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. The number of federal workers who filed initial claims under the Unemployment Compensation for Federal Employees program totaled 821 for the week ended March 15, that’s down from 1,066 filings the week before, Thursday’s report showed.
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The closely watched Labor Department report also showed that more federal workers are filing for unemployment than in the past; however, they aren’t escalating on a weekly basis. Compared to typical pre-pandemic March levels (2017–2019), inventory is nearly back to normal in the West and South, down just 2.1% and 3.2%, respectively. But in the Midwest and Northeast, there’s still a long way to go—inventory is down 45.2% and 57.5%, respectively. After the registration of your trading account, you will see your login/password (they will be also sent to your email address). The login and password are to be entered to log into your account in the trading platform (MT4 или MT5). The interests of Lunar Capital’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
In addition to the dramatic reversal for tech stocks, multiple other technical signals triggered last week, including one of the most auspicious indicators known to investors, traders and speculators. The latest Labor Department data showed that continuing claims — those filed by people who have received at least a week or unemployment benefits — dropped slightly from the prior week but remain elevated over the past year. It’s common after presidential inaugurations for there to be an uptick in job applications filed by federal workers — but nothing ever to this scale, Shrivastava told CNN in an interview.
