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2025 Housing Market: High Prices, Low Sales, Future Hope

1/3/2026

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Summary

Story summary

In 2025, the U.S. housing market faced high prices, elevated mortgage rates, and economic uncertainty, resulting in low home sales.
In Wichita, Kansas, the median sale price was $244,858, with 756 total home sales and 90 new construction sales monthly.
Inventory stood at 1,816 homes, with a 2.5-month supply and 26.3 days on the market.
Redfin anticipates gradual affordability improvement for 2026 as the market recovers.

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Story summary

In 2025, the U.S. housing market faced high prices, elevated mortgage rates, and economic uncertainty, resulting in low home sales.
In Wichita, Kansas, the median sale price was $244,858, with 756 total home sales and 90 new construction sales monthly.
Inventory stood at 1,816 homes, with a 2.5-month supply and 26.3 days on the market.
Redfin anticipates gradual affordability improvement for 2026 as the market recovers.