Home prices just did it again. For the 33rd consecutive month, the median price of an existing home climbed—this time to $408,800 in March, a record high for the month, according to the National Association of Realtors’ existing-home sales report. Politicians from President Donald Trump to New York City Mayor Zohran Mamdani have campaigned on bringing housing costs down. So far, the market isn’t cooperating.
The 1.4% year-over-year price increase came even as sales of existing homes fell 3.6% from February, a notable stumble heading into what is typically the market’s busiest season.
