2025 Housing Market Outlook: What Buyers and Sellers Should Know

We’re officially halfway through 2025, and the latest real estate data is giving us a clear picture of where the market is headed, and how you can make the most of it. Whether you're planning to buy, sell, or just keeping an eye on trends, here’s what you need to know.

📊 Market Overview: A Rebalancing Is Underway

After years of rapid changes, we’re starting to see the market settle into a new rhythm:

✅ Inventory is rising-for the first time since 2019, the number of homes for sale has topped 1 million nationwide. That means more choices for buyers.
✅ Sellers are adjusting expectations- over 1 in 3 home sellers have had to reduce their price, and about 44% of homes recently sold for less than asking price.
✅ Mortgage rates remain elevated, but many experts predict gradual declines throughout the rest of the year.
✅ Homes are sitting longer - with days on market now averaging 51 days, up significantly from recent years.

🏡 What This Means for Buyers

If you’ve been waiting for the market to shift, this is it.

• More inventory = more options. Buyers are no longer facing the fierce competition of 2021 and early 2022.
• Negotiation is back. Many sellers are offering price reductions and even concessions.
• Now is a strategic time to buy. While rates are still higher than pre-pandemic levels, waiting may cost more if prices continue to rise slowly over time.

💰 What This Means for Sellers

While it's still a good time to sell, strategy matters more than ever.

• Pricing realistically is key. Many sellers are overpricing based on outdated comps, and it’s leading to longer days on market and missed opportunities.
• Well-prepped, well-marketed homes still sell fast, but today’s buyers are savvy and expect value.
• If your home didn’t sell the first time, you’re not alone. Expired listings are up 17.6% compared to this time last year, but here’s the good news: over 70% of those who relisted successfully sold (often with a new plan in place).

🔑 The Takeaway

The market is normalizing, and that’s good news for everyone.

📈 Buyers finally have more leverage and less competition.
💼 Sellers can still make a strong return, but need the right pricing and guidance.
🏠 Those who stay informed and strategic will win in today’s market.

At Sanders Real Estate, we’re here to help you navigate every twist and turn with confidence. Whether you're buying your first home, selling your current one, or both, we’ll walk you through every step of the journey with expert advice and local insight.

📞 Ready to chat? Let’s connect and talk about your 2025 real estate goals.