What is the housing market like right now? In May 2025, U.S. home prices were up 1.0% compared to last year, selling for a median price of $441,738. On average, the number of homes sold was down 5.9% year over year and there were 474,365 homes sold in May this year, down 504,043 homes sold in May last year., Nobody Is Buying Homes Right Now February 14, 2025 — 09:43 am EST Written by Adam Hardy for Money.com ->, Pending home sales in January hit the lowest level on record at the real estate firm Redfin, aside from a one-month dip in April 2020 when pandemic-era lockdowns ground the economy to a halt., , , .