Market Update

The housing forecast 2025 predicts home sale prices will grow by 3.7%, mortgage rates will stay above 6% and rents will remain virtually unchanged. Inventory with single-family home starts is expected to grow 13.8%, and existing for-sale home inventory is expected to grow 11.7%, which will help bring the first balanced market in nine years.

The market update for September 2024 shows that inventory is increasing across the country. The number of homes actively for sale continues to be elevated compared with last year, growing by 34.0%, an 11th straight month of growth, and now sits at the highest level since April 2020. The total number of unsold homes, including homes that are under contract, increased by 22.9% compared with last year.

Mortgage rates are expected to change soon. Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, knowing what the experts are calling for can help you make the best possible decision for your homeownership plans.

Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025.

Is a balanced market coming soon? If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.

Home Sales Stats are a great way to track the changes in the real estate market. In March 2024, we saw the price of homes increase while inventory continued low. The limited inventory has contributed to a decrease in annual home sales. The bright spot however is that new home sales are increasing.