U.S. Housing Market Report — Feb 2025

The national median listing price fell to $412K (-0.8% year over year) in Feb 2025. Active inventory rose to 847,825 listings (+27.5% YoY), with the typical home spending 66 days on market.

Sellers cut prices on 16.8% of listings (+15.3% vs last year). The typical U.S. asking rent stands at $1,914/mo (Zillow ZORI).

The hottest markets this month: Hartford-West Hartford-East Hartford, CT, Manchester-Nashua, NH, Rockford, IL, Kenosha, WI, Lancaster, PA.