Early Spring 2025 Housing Market Update!

As we move into early spring, the housing market is already showing some notable shifts. Here is a quick overview of the latest national trends based on recent data from Realtor.com:

Inventory is up by 28.5%

Compared to this time last year, offering buyers more options than they have seen in recent seasons.

Buyer demand has softened slightly

Largely due to higher mortgage rates, buyer demand has softened leading some buyers to pause or adjust their home search.

Home prices are holding steady overall

A growing number of sellers are making price adjustments to remain competitive in the market, however home prices are holding steady overall.

 

What does this mean for buyers and sellers?

For buyers, increased inventory and cooling demand could provide more negotiating power and a wider range of choices. It is an opportunity to shop thoughtfully and potentially find more favorable terms.

For sellers, strategic pricing is more critical than ever. Homes that are priced appropriately and presented well continue to attract strong interest, even in a slightly cooler market.

Bottom Line

While these are national trends, real estate remains highly local. Market conditions can vary significantly from neighborhood to neighborhood. If you would like a more detailed update on what is happening in your local area and neighborhood(s) of choice, contact us. We would be happy to provide insights specific to your area and/or neighborhood of choice.