If you’ve been tuning in to mass media, you might think the housing market is on the verge of collapse. Diana Olick of CNBC, a long-time bear on real estate, recently highlighted a dip in existing home sales for March 2025, suggesting a growing “chill” in the market.
But let’s zoom out — because the full picture tells a very different story.
Insight #1: Prices Are Rising — Not Falling
Despite fewer homes sold, the median home price rose 1.7% in March, reaching $404,000 — the highest ever for March.
This is one of the strongest monthly gains in recent years — a clear sign of ongoing demand and stability.
Insight #2: Inventory Is Still Tight
Yes, inventory increased year-over-year, but it’s still 3 million homes fewer than during the 2008 housing bubble.
This isn’t oversupply — it’s a market trying to normalize after years of extreme shortage.
Insight #3: Homes Are Selling Fast and Over Asking
Homes spent 36 days on the market, down from 42 in February — and 21% of them sold above asking.
First-time buyers made up 32% of sales, showing continued market strength from new entrants.
So while the headlines might lead with fear, the fundamentals point toward resilience.
Homeownership remains one of the most stable, appreciating assets available — especially in uncertain times.
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