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2025 Sees Lowest U.S. Housing Turnover in 30 Years

10/31/2025

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Summary

Story summary

In 2025, the U.S. housing turnover rate was 28 per 1,000 homes, the lowest in nearly 30 years.
The decline stems from high home prices, elevated mortgage rates, and economic uncertainty that deter buyers and sellers.
Virginia Beach, VA, and West Palm Beach, FL, posted the highest turnover rates, while New York and Los Angeles had the lowest.
Overall turnover fell about 30% relative to the 2012–2022 average, signaling stagnation.

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Story summary

In 2025, the U.S. housing turnover rate was 28 per 1,000 homes, the lowest in nearly 30 years.
The decline stems from high home prices, elevated mortgage rates, and economic uncertainty that deter buyers and sellers.
Virginia Beach, VA, and West Palm Beach, FL, posted the highest turnover rates, while New York and Los Angeles had the lowest.
Overall turnover fell about 30% relative to the 2012–2022 average, signaling stagnation.