In April 2025, U.S. existing-home sales fell 0.5% month-over-month to an annualized pace of 4 million units—the slowest April since 2009. Elevated mortgage rates, averaging 6.86%, and record-high median home prices at $414,000 continue to challenge affordability. Inventory rose 20.8% year-over-year, giving buyers more leverage, but demand remains soft amid economic uncertainty.
April Homes Sales Dropped to the Slowest Pace for that Month Since 2009
