G+ January 2025 Market Update
Advice for Buyers
Act Early: Consider entering the market early in the year to take advantage of relatively lower prices before potential increases later in 2025.
Be Strategic: Focus on neighborhoods with strong growth potential to maximize long-term value appreciation.
Secure Financing in Advance: Pre-approval for financing will strengthen your negotiating position and enable you to act quickly when the right property becomes available.
Advice for Sellers
Timing Matters: The first half of 2025 may offer the best opportunity to list your property, as heightened demand is expected to peak before market conditions stabilize later in the year.
Prepare Your Home: Small upgrades and professional staging can make your property stand out in the competitive luxury market.
Set a Realistic Price: Collaborate with an experienced agent to price your property competitively, avoiding extended listing periods and diminished buyer interest.
What to Expect in 2025
Will the Market Favor Buyers or Sellers?The 2025 housing market presents a mixed landscape. On the one hand, stabilizing mortgage rates and slower home price growth could encourage more homeowners to list their properties, easing inventory shortages. On the other hand, improved inventory may lead to increased competition among sellers, potentially giving buyers more negotiating power. Sellers should remain flexible, as buyers may seek price adjustments or concessions.
Home Price TrendsHome prices are expected to rise modestly in 2025, with a projected year-over-year increase of 2%, bringing the median home price to $410,700. While this represents a slower pace compared to 2024’s 4.5% growth, it underscores the importance of realistic pricing in attracting buyers in a high-interest-rate environment.
Is 2025 a Good Time to Sell? For many, 2025 could be an opportune time to sell. According to Fannie Mae’s November 2024 Home Purchase Sentiment Index, 64% of respondents believe it’s a good time to sell. However, local market conditions will play a significant role. Sellers in areas with climbing prices may benefit from listing now, while others may consider waiting for more favorable interest rates. Personal circumstances—such as relocation needs or downsizing—can also outweigh market dynamics.
Key Takeaway: Stay informed about market trends, prepare your home for sale, and work closely with trusted professionals to navigate the evolving real estate landscape in 2025. Whether buying or selling, strategic planning and flexibility will be critical to success.
