Now that we are a few months into the year, what are the experts predicting for the Spring housing forecast across the U.S.?
Hi, I’m Terry Tucker with eXp Realty, a 27 year veteran of real estate.d
Spring is right around the corner, and if you’re thinking about buying or selling, you’re probably wondering what the housing market is going to look like this year? Let’s dive into the forecast and what it means for you!
First, interest rates may stabilize. Over the past couple of years, we’ve seen a lot of ups and downs with interest rates. The good news? Experts predict that mortgage rates will likely stabilize and even dip a little bit heading into spring 2025.
Second, Lower rates mean more affordability for buyers and more demand for sellers! We are also seeing that inventory is slowly increasing. We’re expecting a slight increase in available homes compared to last year. While we’re still in an all time low-inventory market, more homes on the market give buyers more options and sellers more competition.
If you’re selling, pricing your home correctly and marketing it strategically will be key to get top dollar. Home prices will remain strong. While price growth is slowing down compared to previous years, home values are still holding steady. Sellers, this means you can still get great value for your home. Buyers, acting sooner rather than later can help you lock in a better deal before prices potentially rise again. This Spring we should also see buyers gaining some negotiation power. With more homes hitting the market, buyers are regaining some leverage. We’re seeing more price negotiations, seller concessions, and and even a little bit of closing cost assistance. This is great news if you’ve been waiting for a little more flexibility in the market!
Finally, experts are anticipating demand will surge. Spring is always a hot season for real estate. With better weather, more listings, and buyers eager to make a move before summer, competition is expected to pick up. If you’re a buyer, getting pre-approved early and making strong offers will be crucial. If you’re a seller, now’s the time to prep your home to stand out. If you’re thinking about buying or selling this spring, let’s chat! My team and I are here to help you navigate the market and make the best move for you.
And if you need to sell a home… ask me about my home-selling plans. I took the pain out of negotiating with a Realtor and made it SUPER simple. Really! Choose Silver, Gold, or Platinum – Pick your Plan and Pick your Price. Terms do apply. I’m Terry and I sell homes. Let’s get started! Call me today!
