After a slow winter, mortgage rates have dropped to their lowest levels since December, offering a fresh opportunity for homebuyers and sellers. With more homes on the market, slower home price growth, and longer listing times, the housing market is starting to shift in favor of buyers—but seller-friendly cities still exist.
So, what does this mean for you? Whether you’re looking to buy your first home, move up, or sell, here’s what you need to know about the changing real estate landscape.
More Homes for Sale – In February, 1.04 million homes were listed for sale, marking the highest inventory for this time of year since 2020. More choices mean less competition for buyers.
Home Prices Are Stabilizing – After years of sharp increases, home value growth has slowed to 2.1% year-over-year, the weakest price appreciation in 18 months.
Homes Are Sitting on the Market Longer – Listings now take an average of 23 days to go pending, the longest timeline seen since before the pandemic. This means buyers have more negotiating power than in previous years.
Nationally, the market is becoming more balanced, but location matters. Some cities still heavily favor sellers, while others offer buyers more flexibility and bargaining power.
For Buyers:
For Sellers:
With mortgage rates dropping and inventory rising, we may see a busier spring housing market than expected. If you’ve been waiting to buy, sell, or refinance, now is the time to explore your options.
Thinking about making a move? Let’s chat about how the current market conditions can work in your favor.
Disclaimer: Always consult with a qualified real estate or mortgage professional before making any financial decisions.
#HousingMarket2025 #MortgageRates #HomeBuying #SellingYourHome #MarketUpdate #RealEstateTrends
Source: National Mortgage Professional
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Brett Dorworth
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