Market on Pause: Home Turnover Hits a 30-Year Low
- Neil Caron
- 6 hours ago
- 2 min read
November 7, 2025 | Housing Market Trends | Presented by ReadySetLoan™️
The housing market is slowing down in ways we haven’t seen in decades. Homes are changing hands far less frequently, as both buyers and sellers sit on the sidelines. Higher borrowing costs, economic caution, and locked-in interest rates are creating a market where movement is rare — and opportunities look different for today’s buyers.
📉 Sales Have Slowed to a Crawl
In the first nine months of 2025, only 28 out of every 1,000 homes were sold — that’s a turnover rate of about 2.8%, the lowest level in at least 30 years. This marks a notable drop from the pandemic peak, when turnover reached as high as 44 homes per 1,000.Inventory is moving, but list rates are still historically low — this year saw only 39 new listings per 1,000 homes, one of the slowest rates on record.
💡 Why the Freeze?
Rate lock-in effect: More than 70% of homeowners are holding fixed-rate mortgages under 5%. Many are hesitant to move because current rates are well above 6%.
Affordability barrier: Rising mortgage rates combined with elevated home prices make moving less affordable for prospective buyers.
Economic and job market uncertainty: Many homeowners and buyers are taking a wait-and-see approach. Moves that once were driven by job changes or family transitions are being delayed.
Limited supply plus lower demand: Even as some homes are listed, there’s a mismatch between sellers and buyers.
🐷 RSL Piggy Points
Home turnover is at a decades-long low, with just ~2.8% of homes changing owners this year.
Many homeowners are reluctant to sell due to low locked-in rates.
New listings remain scarce despite slight improvement.
Buyers face double pressure from high prices and rising rates.
Understanding the freeze helps buyers plan strategically rather than reactively.
Neil’s Take 🎤
“When the market slows this way, it doesn’t mean opportunity disappears — it means timing and strategy matter even more. Sellers locked in low rates won’t move unless conditions are compelling, and buyers need to position themselves carefully to take advantage of subtle shifts. Preparation and education are your competitive edge.”— Neil Caron, Area Sales Manager, CMG Mortgage
🐽 Snout-Out: The RSL Perspective
For Connecticut buyers, this “pause” in the market can be a moment to catch your breath. At ReadySetLoan™️, we help you interpret the patterns behind the slowdown, so you know when it makes sense to move or wait. Whether you’re thinking of buying or selling, having a clear game plan today means you’ll be ready when the market turns again. Let’s plan your next move and cross that finish line together. 🏁
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