What’s Up with Real Estate?
National news and local views for the week ending Friday, May 9, 2025
Lisa Joy Rupinski
What’s Up with Local Real Estate? We are still a strong market with home sale growth in the Northeast this Spring. Yet, we Need Listings. Buying or Selling Let it be a JOY! Call us Today!
National Real Estate News
A weak “jobs week”
Job openings fell 4% month-over-month and ADP said that private employers added just 62,000 jobs in April. The big BLS jobs report looked pretty strong on the surface (+177K jobs including gov’t posts) but there were big downward revisions to the prior months’ figures. Overall, this was a pretty underwhelming “jobs week”. [Source: BLS, ADP]
Homes for sale up big
In April 2025, total active inventory (excludes homes already under contract) rose 7.5% month-over-month (pretty normal for this time of year) and 30.6% year-over-year (!!!) to 959,251 units. That’s the highest inventory level since December 2019, but: 1) it’s still 16% below pre-pandemic levels, and 2) 32% of the listings are in Florida, Texas and California (despite only having 15% of the US population). [Source: Realtor.com]
Fed’s “pause” continues
For the third meeting in a row, the Federal Reserve voted to keep the Fed Funds Rate in the target range of 4.25%-4.50%. The last time the Fed cut rates was December 18, 2024. With the impact of Trump’s tariffs highly uncertain, the Fed is clearly more worried about a resurgence in inflation than economic growth (despite 1Q 2024 GDP of -0.3%). [Source: Federal Reserve]
Local Market Trends
As of Friday, May 9, 2025
Lisa Joy Rupinski
Bicentennial Realty is here for you. Let me know if you need assistance with NEW PROPERTY ASSESSMENT VALUES on your homes or business. We are looking for Listings! Buying or Selling Let it be a JOY!
| Area | Median Price | Active Listings | New Listings – 5 days | Median Days on Market |
|---|---|---|---|---|
| 12054 |
$540,000
0.4%
|
1
-0.8%
|
– |
23
-0.4%
|
/
) from Mar. to May. 2025.
