2025 Housing Outlook: What Buyers and Sellers Need to Know

🏠 2025 Housing Outlook: What Buyers and Sellers Need to Know

If you’ve been holding out for a major real estate rebound in 2025, it might be time to reset expectations—but not give up hope. The latest update from Realtor.com® paints a mixed picture: slower sales, rising inventory, and persistent affordability challenges—but also opportunities for those who are prepared.

Here’s a quick breakdown of what’s happening and what it means for our local market:

📈 Inventory is Up, But Buyers Are Cautious
Inventory has grown nearly 17% nationwide, and we’re seeing that locally too. But despite more options, buyers are taking their time—making pricing, presentation, and strategy more critical than ever.

📉 Home Sales Hit a 30-Year Low
Sales are projected to dip to just 4.00 million nationwide—the slowest since 1996. Locally, it means every showing and offer counts. Sellers need to stand out and stay competitive.

💵 Prices Still Rising, Just Slower
Expect a 2.5% price bump this year—not as strong as 2024, but still positive. Overpricing can hurt more than ever, so smart pricing is key to attracting today’s budget-conscious buyers.

🏦 Mortgage Rates Remain Elevated
Rates are expected to hover around 6.7% for most of 2025. While that’s higher than hoped, it’s not a dealbreaker with the right lender and plan.

🔄 Price Drops & Delistings on the Rise
More than 1 in 5 listings saw a price cut in June, and delistings are up 47%. Sellers—be ready to adapt early or risk sitting too long without movement.

🏘 Renting Still Holds Appeal
Rents have softened, and many potential buyers are waiting for better conditions. First-time buyers may take longer to enter the market, but they’re watching closely.

🎯 Final Thought: Be Smart, Be Ready

In a shifting market, timing and guidance matter. Whether you’re buying, selling, or just weighing options, the best move is a well-informed one.

Let’s chat about what this means for your next step. I’m here to help when you’re ready.