The NATIONAL ASSOCIATION OF REALTORS® Profile of Home Buyers and Sellers is an annual survey of recent home buyers and sellers who recently completed a transaction between July 2024 and June 2025. This flagship report has been published since 1981. The annual report allows industry professionals to gain insight into detailed buying and selling behavior. Each iteration of the report is as unique as the economic, social, and demographic environment in which it is published.
Each year provides new opportunities and challenges for buyers and sellers. From the middle of 2024 through the middle of 2025, the market continued to show extremely limited housing inventory. The inventory entering the housing market was often at unaffordable price points for potential home buyers. During the data collection time period, mortgage interest rates averaged 6.69%. As a result of decreased housing affordability and limited housing inventory, potential first-time buyers retreated further from the housing market. Homeowners continued to watch their housing equity grow. The housing market remains divided between an all-time high of all-cash home buyers and an all-time low of first-time buyers.
