Real Estate Market Update: What Buyers & Sellers Need to Know Now

The real estate market is constantly evolving, and staying informed can make all the difference in achieving your buying or selling goals. The latest housing data reveals key trends shaping today’s market. Whether you're looking to purchase your dream home or sell for top dollar, here’s what you need to know.

📈 Home Sales on the Rise Despite Higher Mortgage Rates

According to the National Association of Realtors (NAR), existing-home sales increased 2.2% month-over-month in December and surged 9.3% compared to last year. This growth indicates that buyer demand remains strong—even in the face of elevated mortgage rates.

💡 What This Means for Buyers:
With more homes selling quickly, competition is heating up. Getting pre-approved for a mortgage and working with a knowledgeable agent can help you act fast when the right home hits the market.

💡 What This Means for Sellers:
More home sales signal a market with serious buyers. If you're thinking about selling, now may be an excellent time to list and attract motivated buyers.

🏡 Housing Inventory is Tight—Creating More Competition

One of the biggest challenges in today’s market is low inventory. NAR reports that total housing inventory dropped 13.5% month-over-month, leaving just 3.3 months of supply at the current sales pace.

📌 Why This Matters:

• A low inventory market favors sellers, leading to multiple offers and potentially higher home prices.

• Buyers must be prepared to move quickly, as desirable properties are getting snapped up faster.

🛠 Buyer Tip: Consider expanding your search criteria or looking at new construction homes to increase your options.

🏠 Seller Tip: With limited competition, your home could stand out even more—especially if it’s well-priced and professionally marketed.

💼 Job Market Strength & Economic Stability

The U.S. Department of Labor reports that the national unemployment rate fell to 4.1% in December, reflecting a stronger economy and improved financial stability for many Americans. A healthier job market often translates to more confident homebuyers who are ready to invest in real estate.

📊 How This Impacts the Housing Market:
✔ More employment = More people qualifying for mortgages
✔ Stronger economy = Increased homebuying activity
✔ Stable incomes = Greater long-term housing affordability

🔥 Key Takeaways for Buyers & Sellers in 2025

✅ Buyers:

• Mortgage rates are still fluctuating, but demand remains strong. Get pre-approved and be ready to act fast.

• Inventory is tight, so be flexible with your search criteria.

• Work with an expert agent to negotiate the best deal.

✅ Sellers:

• With limited inventory, your home has a better chance of selling quickly and at a competitive price.

• Buyers are still active—now is a prime time to list.

• Consider staging and minor upgrades to make your home stand out.

📞 Ready to Make Your Move? Let’s Talk!

Whether you're buying, selling, or just curious about market trends, I'm here to help. Let’s discuss your real estate goals and create a strategy tailored to your needs.