{"id":79505,"date":"2025-03-27T05:00:38","date_gmt":"2025-03-27T12:00:38","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=79505"},"modified":"2025-03-27T08:25:17","modified_gmt":"2025-03-27T15:25:17","slug":"housing-market-update-monthly-housing-payment-record-high-2025","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/housing-market-update-monthly-housing-payment-record-high-2025\/","title":{"rendered":"Monthly Housing Payments Hit All-Time High"},"content":{"rendered":"<p><i><span style=\"font-weight: 400;\">The median monthly mortgage payment reached a record high this week, putting a lid on pending home sales. New listings, on the other hand, are improving.\u00a0<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The typical U.S. homebuyer\u2019s monthly housing payment hit an all-time high of $2,807 during the four weeks ending March 23, up 5.3% from a year earlier.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Housing costs are soaring for two reasons. One, sale prices keep rising; the median home-sale price is up 3% year over year. Two, the <\/span><a href=\"https:\/\/www.freddiemac.com\/pmms\"><span style=\"font-weight: 400;\">average weekly<\/span><\/a><span style=\"font-weight: 400;\"> mortgage rate is 6.67%\u2014more than double pandemic-era lows. But rates have dropped from an eight-month high of 7.04% in January; monthly payments would be even higher if not for the recent decline in rates.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">High costs are putting a lid on home sales. Pending home sales are down 4.6% year over year, in line with the declines we\u2019ve seen over the last few months. But as we enter spring, some house hunters are stepping off the sidelines, touring homes and applying for mortgages. Mortgage-purchase applications are at their <\/span><a href=\"https:\/\/www.investing.com\/economic-calendar\/mba-purchase-index-1494\"><span style=\"font-weight: 400;\">highest level<\/span><\/a><span style=\"font-weight: 400;\"> since the start of February on a seasonally adjusted basis, <\/span><a href=\"https:\/\/showingtimeplus.com\/daily-showing-activity\"><span style=\"font-weight: 400;\">ShowingTime<\/span><\/a><span style=\"font-weight: 400;\"> data signals that home tours are rising faster than they were last year, and Google searches of \u201chomes for sale\u201d are at their highest level since August.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sellers are entering the market faster than buyers. New listings of homes for sale are up 7.5% year over year, the biggest increase so far in 2025. If new listings continue to rise and mortgage rates continue to decline, we may see pending sales improve in the coming months.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Redfin agents in many parts of the country say that even though costs are high, some buyers are able to negotiate in their favor.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cBuyers are cautious because they\u2019re worried about the economy and potential layoffs, and they&#8217;re wondering if mortgage rates will come down later this year. But because other buyers are cautious too, some house hunters are getting homes for under asking price,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/kimberly-freutel\"><span style=\"font-weight: 400;\">Kimberly Freutel<\/span><\/a><span style=\"font-weight: 400;\">, a Redfin Premier agent in <\/span><a href=\"https:\/\/www.redfin.com\/city\/15735\/WA\/Sammamish\"><span style=\"font-weight: 400;\">Sammamish, WA<\/span><\/a><span style=\"font-weight: 400;\">. \u201cIf you love a home and you see yourself living there for at least four or five years, make an offer you\u2019re comfortable with, even if it\u2019s a little below list. Don\u2019t assume it will escalate out of your price range, because the seller might actually take it. I\u2019m asking my clients, \u2018Would you be sad if this home ends up selling for less than asking price to someone else?\u2019\u201d<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">For Redfin economists\u2019 takes on the housing market, please visit Redfin\u2019s \u201c<\/span><\/i><a href=\"https:\/\/www.redfin.com\/news\/from-our-economists\/\"><i><span style=\"font-weight: 400;\">From Our Economists<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">\u201d page.<\/span><\/i><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3>Leading indicators<\/h3>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"5\"><b>Indicators of homebuying demand and activity<\/b><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><b>Value (if applicable)<\/b><\/td>\n<td><b>Recent change<\/b><\/td>\n<td><b>Year-over-year change<\/b><\/td>\n<td><b>Source<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Daily average 30-year fixed mortgage rate<\/b><\/td>\n<td><span style=\"font-weight: 400;\">6.8% (March 26)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Near lowest level since December<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 6.92%<\/span><\/td>\n<td><a href=\"https:\/\/www.mortgagenewsdaily.com\/mortgage-rates\/30-year-fixed\"><span style=\"font-weight: 400;\">Mortgage News Daily\u00a0<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><b>Weekly average 30-year fixed mortgage rate<\/b><\/td>\n<td><span style=\"font-weight: 400;\">6.67% (week ending March 20)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Up marginally from the week before, but near lowest level since mid-December<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 6.87%<\/span><\/td>\n<td><a href=\"https:\/\/www.freddiemac.com\/pmms\"><span style=\"font-weight: 400;\">Freddie Mac<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><b>Mortgage-purchase applications (seasonally adjusted)<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Up 1% from a week earlier (as of week ending March 21)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Up 7%<\/span><\/td>\n<td><a href=\"https:\/\/www.mba.org\/news-and-research\/newsroom\/news\/2025\/03\/26\/mortgage-applications-decrease-in-latest-mba-weekly-survey\"><span style=\"font-weight: 400;\">Mortgage Bankers Association<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Touring activity<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Up 37% from the start of the year (as of March 24)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">At this time last year, it was up 29% from the start of 2024<\/span><\/td>\n<td><a href=\"https:\/\/showingtimeplus.com\/daily-showing-activity\"><span style=\"font-weight: 400;\">ShowingTime<\/span><\/a><span style=\"font-weight: 400;\">, a home touring technology company<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Google searches for \u201chome for sale\u201d<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Up 12% from a month earlier (as of March 24)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Up 14%<\/span><\/td>\n<td><a href=\"https:\/\/trends.google.com\/trends\/explore?date=today%205-y&amp;geo=US&amp;q=homes%20for%20sale#cmpt=q\"><span style=\"font-weight: 400;\">Google Trends\u00a0<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\"><i><span style=\"font-weight: 400;\">We excluded the Redfin Homebuyer Demand Index this week to ensure data accuracy.\u00a0<\/span><\/i><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Key housing-market data<\/h3>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"4\"><b>U.S. highlights: Four weeks ending March 23, 2025<\/b><\/p>\n<p><i><span style=\"font-weight: 400;\">Redfin\u2019s national metrics include data from 400+ U.S. metro areas, and are based on homes listed and\/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision.\u00a0<\/span><\/i><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><b>Four weeks ending March 23, 2025<\/b><\/td>\n<td><b>Year-over-year change<\/b><\/td>\n<td><b>Notes<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Median sale price<\/b><\/td>\n<td><span style=\"font-weight: 400;\">$383,750<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Median asking price<\/b><\/td>\n<td><span style=\"font-weight: 400;\">$424,985<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.3%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Median monthly mortgage payment<\/b><\/td>\n<td><span style=\"font-weight: 400;\">$2,807at a 6.67% mortgage rate<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Record high\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Pending sales<\/b><\/td>\n<td><span style=\"font-weight: 400;\">83,161<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-4.6%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>New listings<\/b><\/td>\n<td><span style=\"font-weight: 400;\">99,152<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Biggest increase of 2025<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Active listings<\/b><\/td>\n<td><span style=\"font-weight: 400;\">970,228<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Smallest increase in a year<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Months of supply\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">3.9<\/span><\/td>\n<td><span style=\"font-weight: 400;\">+0.6 pts.\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4 to 5 <\/span><a href=\"https:\/\/www.redfin.com\/definition\/monthsof-supply\"><span style=\"font-weight: 400;\">months of supply<\/span><\/a><span style=\"font-weight: 400;\"> is considered balanced, with a lower number indicating seller\u2019s market conditions\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Share of homes off market in two weeks\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">37.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 41%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Median days on market<\/b><\/td>\n<td><span style=\"font-weight: 400;\">48<\/span><\/td>\n<td><span style=\"font-weight: 400;\">+7 days<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Share of homes sold above list price<\/b><\/td>\n<td><span style=\"font-weight: 400;\">24.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 26%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Average sale-to-list price ratio\u00a0<\/b><\/td>\n<td>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">98.5%<\/span><\/p>\n<\/td>\n<td style=\"text-align: left;\"><span style=\"font-weight: 400;\">Down from 98.8%<\/span><\/td>\n<td style=\"text-align: left;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<thead>\n<tr>\n<th colspan=\"4\">\n<p style=\"text-align: left;\"><b>Metro-level highlights: Four weeks ending March 23, 2025<\/b><\/p>\n<p style=\"text-align: left;\"><i><span style=\"font-weight: 400;\">Redfin\u2019s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.\u00a0<\/span><\/i><\/p>\n<\/th>\n<\/tr>\n<tr>\n<th style=\"text-align: left;\"><\/th>\n<th style=\"text-align: left;\"><b>Metros with biggest year-over-year increases<\/b><\/th>\n<th style=\"text-align: left;\"><b>Metros with biggest year-over-year decreases<\/b><\/th>\n<th>\n<p style=\"text-align: left;\"><b>Notes<\/b><\/p>\n<\/th>\n<\/tr>\n<tr>\n<th style=\"text-align: left;\"><b>Median sale price<\/b><\/th>\n<th style=\"text-align: left;\"><span style=\"font-weight: 400;\">Cleveland (11.3%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nassau County, NY (10.1%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Newark, NJ (9.4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Milwaukee (8.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Anaheim, CA (7.8%)<\/span><\/th>\n<th style=\"text-align: left;\"><span style=\"font-weight: 400;\">Jacksonville, FL (-3.7%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tampa, FL (-2.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Austin, TX (-1.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Baltimore (-0.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Atlanta (-0.8%)<\/span><\/th>\n<th>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Declined in 9 metros<\/span><\/p>\n<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><b>Pending sales<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Montgomery County, PA (5.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sacramento, CA (2.8%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Denver (2.4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pittsburgh (1.3%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Columbus, OH (1.1%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Fort Lauderdale, FL (-19.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Detroit (-17%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Warren, MI (-15.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Houston (-13.7%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Miami (-13.4%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Increased in 6 metros<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>New listings<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Phoenix (23.6%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Denver (22.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sacramento, CA (18.7%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Washington, D.C. (18%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oakland, CA (17.7%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Detroit (-7%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">San Antonio (-5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nassau County, NY (-4.3%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Newark, NJ (-4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Warren, MI (-2.4%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Declined in 7 metros<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Refer to our <\/span><a href=\"https:\/\/www.redfin.com\/news\/data-center-metrics-definitions\/\"><span style=\"font-weight: 400;\">metrics definition page<\/span><\/a><span style=\"font-weight: 400;\"> for explanations of all the metrics used in this report.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-79507 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/sale-price-326.png\" alt=\"\" width=\"895\" height=\"672\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/sale-price-326.png 895w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/sale-price-326-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/sale-price-326-768x577.png 768w\" sizes=\"(max-width: 895px) 100vw, 895px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-79508 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/asking-price-326.png\" alt=\"\" width=\"898\" height=\"679\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/asking-price-326.png 898w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/asking-price-326-300x227.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/asking-price-326-768x581.png 768w\" sizes=\"(max-width: 898px) 100vw, 898px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-79509 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/housing-payments-326.png\" alt=\"\" width=\"895\" height=\"666\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/housing-payments-326.png 895w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/housing-payments-326-300x223.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/housing-payments-326-768x571.png 768w\" sizes=\"(max-width: 895px) 100vw, 895px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79510 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/pending-sales-326.png\" alt=\"\" width=\"898\" height=\"673\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/pending-sales-326.png 898w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/pending-sales-326-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/pending-sales-326-768x576.png 768w\" sizes=\"(max-width: 898px) 100vw, 898px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79511 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/new-listings-326.png\" alt=\"\" width=\"897\" height=\"667\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/new-listings-326.png 897w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/new-listings-326-300x223.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/new-listings-326-768x571.png 768w\" sizes=\"(max-width: 897px) 100vw, 897px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79512 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/active-listings-326.png\" alt=\"\" width=\"895\" height=\"667\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/active-listings-326.png 895w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/active-listings-326-300x224.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/active-listings-326-768x572.png 768w\" sizes=\"(max-width: 895px) 100vw, 895px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79513 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/mos-326.png\" alt=\"\" width=\"903\" height=\"673\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/mos-326.png 903w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/mos-326-300x224.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/mos-326-768x572.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79514 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/two-weeks-326.png\" alt=\"\" width=\"907\" height=\"673\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/two-weeks-326.png 907w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/two-weeks-326-300x223.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/two-weeks-326-768x570.png 768w\" sizes=\"(max-width: 907px) 100vw, 907px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79515 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/dom-326.png\" alt=\"\" width=\"903\" height=\"670\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/dom-326.png 903w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/dom-326-300x223.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/dom-326-768x570.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79516 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/sold-above-list-326.png\" alt=\"\" width=\"898\" height=\"673\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/sold-above-list-326.png 898w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/sold-above-list-326-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/sold-above-list-326-768x576.png 768w\" sizes=\"(max-width: 898px) 100vw, 898px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79517 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/sale-to-list-326.png\" alt=\"\" width=\"903\" height=\"673\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/sale-to-list-326.png 903w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/sale-to-list-326-300x224.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/03\/sale-to-list-326-768x572.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The median monthly mortgage payment reached a record high this week, putting a lid on pending home sales. New listings, on the other hand, are improving.\u00a0 The typical U.S. homebuyer\u2019s monthly housing payment hit an all-time high of $2,807 during the four weeks ending March 23, up 5.3% from a year earlier.\u00a0 Housing costs are [&hellip;]<\/p>\n","protected":false},"author":13153,"featured_media":79506,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,615],"tags":[623,655,654],"coauthors":[124],"class_list":["post-79505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","category-weekly-market-update","tag-national","tag-weekly-market-tracker","tag-weekly-market-update"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Monthly Housing Payments Hit All-Time High<\/title>\n<meta name=\"description\" content=\"The median monthly mortgage payment reached a record high this week, putting a lid on pending home sales. 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