As the calendar flips toward 2025, the real estate market is poised for potential shifts, with experts offering their predictions for what’s to come. Skylar Olsen, Zillow’s chief economist, suggests that “more inventory should shake loose in 2025, giving buyers a bit more room to breathe.”
This projection brings hope to many prospective homebuyers who have faced stiff competition and limited options in recent years. A rise in available inventory could create a more balanced market, giving buyers more opportunities to find the right home and negotiate favorable terms.
Will All Markets See the Same Shift?
While Zillow’s prediction paints a promising picture for buyers, it’s important to note that not all markets may follow the same pattern. Regions experiencing significant new construction may see more noticeable inventory increases.
However, areas with entrenched housing shortages may remain tight despite broader trends. Factors like regional demand, local construction activity, and migration patterns will play a significant role in shaping market conditions.
The Role of Mortgage Rates
Mortgage rates will also be a key variable to watch in 2025. If rates decline more than expected, it could reignite competition among buyers, particularly in popular areas. Conversely, steady or rising rates might cool demand, making it easier for buyers to navigate the market.
Tips for Navigating 2025
For buyers considering entering the market, preparation will be critical. Ensuring pre-qualification and staying informed about local trends can help buyers act quickly when opportunities arise. Sellers, on the other hand, may find success by focusing on making their homes stand out. Show-ready properties in good condition will likely attract the most attention in a competitive landscape.
Is Now the Right Time to Make a Move?
While 2025 holds promise for a shifting market, there are reasons buyers and sellers might consider acting sooner. Current conditions still present opportunities, and waiting for future predictions to play out carries its own uncertainties.
Whether the market eases or maintains its intensity, staying prepared and informed will help buyers and sellers navigate the road ahead with confidence. Keep an eye on local market conditions and broader trends to make the most of 2025’s real estate opportunities.
Curious if now’s the time to make your next move? Contact the team at Lindsey Harn Group today for a no obligation consultation.