Thoughts on a Shifting Housing Market
After years of runaway growth, the housing market is cooling…like a pot taken off the flame.
Still warm. Still active. But no longer boiling over. And the numbers back it up.
Across the U.S., 117,000 new single-family homes are sitting on the market. That’s the highest level since July 2009 and a 31% jump from last year.1
Regionally, some places are feeling it more than others:
Texas: Active listings are 53% above normal2
Florida: Tampa and Jacksonville lead the country in price cuts3
California: Bay Area pending sales just saw their weakest March since 20124
Even luxury buyers are slowing down.
In April, sales of high-end homes dropped 10% year-over-year.5
That’s not about mortgage rates…many of these buyers pay cash.
It’s about confidence.
That said, prices haven’t plunged.
Home values in the 20 largest metro areas dipped just 0.12% in March.
That’s the first monthly decline after 15 straight gains.6
It’s a small move, but a clear signal that the heat is coming down.
So why does this matter?
Real estate isn’t just a reflection of the economy.
It’s often a preview.
Housing tends to be one of the earliest sectors to respond when things start to shift. That’s why many economists watch it closely. It affects jobs, consumer spending, and local tax revenues.
When people get cautious about housing, that caution can spread. We’re not sounding alarms, but we are paying attention.
So where do we go from here?
It’s tough to say.
There are many variables still in play. Interest rates. Inflation. Employment trends.
That’s why this is a good moment to pause, reassess, and make sure your financial strategy still fits the environment.
Thinking about buying or selling? Considering real estate as part of your portfolio? Just wondering how this fits into your bigger picture?
Let’s talk it through. Markets evolve. Plans adapt.
If you're curious how the current changes in real estate could affect your future plans or investment strategy, I’m here to help you think it through.
Sources:
Fast Company, 2025 [URL: https://www.fastcompany.com/91341501/housing-market-homebuilder-unsold-inventory-swells-to-2009-levels]
Newsweek, 2025 [URL: https://www.newsweek.com/texas-faces-major-housing-market-correction-prices-drop-across-state-2070190]
Realtor.com, 2025 [URL: https://www.realtor.com/research/april-2025-data/]
San Francisco Chronicle, 2025 [URL: https://web.archive.org/web/20250602214059/https://www.sfchronicle.com/realestate/article/home-sale-price-bay-area-20296381.php]
Redfin, 2025 [URL: https://www.redfin.com/news/luxury-homes-market-april-2025/]
Marketwatch, 2025 [URL: https://www.marketwatch.com/story/home-prices-in-the-biggest-20-markets-decline-for-the-first-time-in-over-two-years-heres-where-theyre-expected-to-fall-the-most-14cebe4f]