What to Expect from the Spring Housing Market in 2025
Spring is officially here, and with it comes a fresh wave of activity in the housing market. Whether you're thinking about buying or selling, now is the time to pay attention to the trends shaping this season. Here’s what you can expect from the spring housing market and how it might impact your next move.
1. More Homes on the Market
After years of tight inventory, more homes are becoming available. According to Realtor.com, active listings are up 27.5% compared to this time last year. While we haven’t fully returned to pre-pandemic inventory levels, buyers now have more options than in previous years.
What This Means for You:
Buyers: More choices mean less pressure and more negotiating power. You can afford to be a little pickier when selecting your dream home.
Sellers: While more homes on the market mean more competition, inventory is still relatively low. Pricing your home correctly and making it stand out with professional marketing will be key to attracting buyers.
2. Home Price Growth Is Slowing Down
With increased inventory, the rapid price increases we’ve seen in recent years are beginning to slow. However, prices are still expected to appreciate in most areas, just at a more moderate pace. Freddie Mac predicts that home prices will continue to rise but at a more manageable rate.
What This Means for You:
Buyers: This is great news! Prices aren’t skyrocketing like before, meaning homes are becoming slightly more affordable while still being a solid investment.
Sellers: While home values remain strong, overpricing your property could lead to longer days on the market. A competitive price is crucial to attracting serious buyers.
3. Mortgage Rates Are Stabilizing
Over the past couple of years, mortgage rates have been unpredictable, creating challenges for many buyers. The good news? Mortgage rates have stabilized and even decreased slightly since the start of the year. This consistency is helping buyers plan ahead with more confidence.
What This Means for You:
Buyers: With rates stabilizing, now may be a great time to lock in your financing and make a move before potential rate fluctuations.
Sellers: A more predictable mortgage environment means more buyers are ready to take action, which can increase demand for your home.
4. Buyer Activity Is Increasing
More homes, slowing price growth, and steadying mortgage rates are giving buyers the confidence to jump back into the market. The Mortgage Bankers Association (MBA) reports that mortgage applications are rising, signaling that more buyers are getting pre-approved and ready to make offers.
What This Means for You:
Buyers: If you’re on the fence about buying, now might be the right time before competition picks up even more.
Sellers: The return of more buyers means you have a better chance of selling quickly and for a strong price.
Ready to Make a Move?
If you’re thinking about buying or selling this spring, I’d love to help you navigate the market with confidence. Let’s discuss your goals, the latest market trends, and how to create a strategy that works for you.
Let’s connect! Schedule a free consultation with me through my Calendly link or a simple text, and together, we’ll create a personalized strategy to help you leverage your home’s equity to its fullest potential. Don't miss out on this opportunity—reach out today!