The spring real estate market is waking up, and the data backs it up. Existing-home sales rose 1.7% in February, mortgage rates are down nearly a full point from a year ago, and 5.5 million more households now qualify for a mortgage than just twelve months ago. Here’s what the numbers mean for your business and how to use them at your next listing appointment.
Despite economic fluctuations, the housing market remains resilient as we enter the summer selling season. Current conditions present unique opportunities for sellers, with persistently low inventory creating a supply-demand imbalance that often results in competitive offers. Life milestones continue driving housing demand across generations – from career relocations and educational pursuits to retirement transitions and family changes. For those considering a real estate move in 2025, the guidance of a knowledgeable local agent remains invaluable in navigating today’s nuanced market conditions.
