According to market analysis from mid-2025, the U.S. housing market is on track to be the slowest in more than 25 years. A combination of high mortgage rates, persistent home prices, and resulting affordability challenges has created a standstill where both buyers and sellers are hesitant to make a move.
The year isn’t over yet. Here in St. Paul, the median number of days on the market for a house in August was 16 days. Homes are still selling for more than the asking price. Homeowners are slow to list their houses, but this is nothing new.
