BiggerPockets Daily Home Price Record? A Stunning Stat Despite a Slow Market
Jun 21, 2025
Home sale prices have surged to a record high of $396,500, yet the market is slowing down. Despite this, inventory is up 14.5% year-over-year, giving buyers more leverage. With sellers increasingly willing to negotiate and a rise in FHA and VA loans, the landscape is shifting. Down payments are shrinking, and more homes are sitting unsold. This contradictory situation raises questions about the future of buyer behavior and market dynamics.
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Record High Home Prices Despite Slow Market
- U.S. median home sale prices hit a record $396,500, showing slow but steady appreciation.
- Despite sluggish sales and rising inventory, home values remain sticky due to prior rapid growth.
Increased Inventory Meets Falling Demand
- Inventory rose 14.5% year over year, and new listings increased 4.4%.
- Pending sales and mortgage applications decreased, showing lagging demand despite more supply.
Slow Growth After Rapid Appreciation
- The national market shows slow appreciation after a huge surge over prior years.
- This leads to record home prices even in a cooler, less competitive market environment.