U.S. Home Resales Surge to Highest Level Since Early 2023 Amid Housing Market Rebound

Home resales in the United States rose to a seasonally adjusted annual rate of 4.85 million units in December 2025, the highest level since February 2023. This marks a 12.7% increase from November’s revised figure of 4.30 million units and a 21.5% year-over-year gain from December 2024’s 4.00 million units. The data reflects a broad-based uptick, with gains seen across all four major U.S. regions—Northeast, Midwest, South, and West—though the South led with a 14.3% month-over-month rise. The resurgence in resales comes after a prolonged period of stagnation, driven by mortgage rates that hovered above 7% through much of 2024 and a persistent shortage of homes for sale. However, inventory levels rose to 1.87 million homes in December, a 6.5% increase from the prior month and the highest since July 2023. The median sales price stood at $418,500, up 3.4% from a year earlier, signaling sustained demand despite higher borrowing costs. Market participants are interpreting the data as an indication that the housing market may be stabilizing. The National Association of Realtors reported that the number of homes on the market has now increased for three consecutive months, suggesting a potential shift in supply dynamics. Analysts note that improved affordability, with mortgage rates moderating to around 6.7% for 30-year fixed loans in late December, has likely played a role in boosting buyer confidence. The uptick in resales is expected to support broader economic momentum, particularly in construction, real estate services, and home improvement sectors. Lenders and real estate agencies reported increased transaction volumes, with major firms such as Redfin and Keller Williams noting a 15–20% rise in new listings and showings during the final quarter of 2025.