Early Spring 2025 Housing Market Update

by The Zack Grimmer Group, Powered by Real

Early Spring 2025 Housing Market Update

As we move into early spring, the housing market is already showing some notable shifts. Here is a quick overview of the latest national trends based on recent data from Realtor.com:

● Housing inventory is up by 28.5% compared to this time last year, offering home buyers more options than they have seen in recent seasons.

● Home buyer demand has softened slightly, largely due to higher mortgage rates, leading some buyers to pause or adjust their home search criteria.

● Home prices are holding steady overall, but a growing number of home sellers are making price adjustments to remain competitive in the local real estate market.

What does this mean for buyers and sellers?

For home buyers, increased housing inventory and cooling demand could provide more negotiating power and a wider range of choices in their house hunting. It could provide an opportunity to house hunt thoughtfully and potentially find more favorable terms when making an offer on a property.

For home sellers, strategic pricing is more critical than ever. Homes that are priced appropriately and presented well continue to attract strong interest, even in a slightly cooler market.

While these are national trends, real estate remains highly local. Market conditions can vary significantly from neighborhood to neighborhood.

If you would like a more detailed update on what is happening in your local area, click HERE. We would be happy to provide insights specific to your local community and neighborhood.

The Zack Grimmer Group, Powered by Real, is a Residential & Commercial Real Estate and Mortgage Team that was founded in 2021 by Zachary ‘Zack’ Grimmer. We assist our clients who are looking to BUY, RENT, SELL or INVEST in real estate throughout Pennsylvania, New Jersey, Florida and Maryland! We are tech-enabled and data-driven, giving our team the necessary tools to successfully broker real estate in any market. Our mission is to provide white-glove service to our clients and investors. Browse our website at www.ZackGrimmerGroup.com to learn more about all the real estate services we offer to our community.

Please feel free to contact us at admin@ZackGrimmerGroup.com or 215-279-8519 or follow us on Facebook & Instagram, to learn more.