Annie Schlechter
It’s no secret thatthe housing markethas experienced unprecedented highs and lows since the pandemic.
“In this article, well examine the emerging trends experts anticipate will affect homebuyers in 2025.
Thepost-pandemic marketfavored buyers who could easily givecash offersor offers well over theasking pricein the immediate days after listing.
Credit:Annie Schlechter
Over the past couple of years, inventory has been extremely tight, driving rapid sales.
However, as the market adjusts, inventory is expected to rise slightly in 2025, Howard says.
Still, homes that are considered highly desirable will always sell more quickly.
As more homes come into the market, sellers will need to be smart about pricing and presentation.
These days, the trend is shifting.
Multifamily homes will garner appeal given theyre more affordable and offer the option ofmultigenerational living.
Theyre also ideal as income properties, which could appeal to some buyers.
The overarching theme is affordability and convenience, he explains.
He says that many buyers want houses that already havehome officesset up.
Buyers may take longer to make decisions, leading to longer sale cycles.
Yet even with uncertainty on the horizon, some buyers might feel spurred into action.
As a result, the Realtor.com forecast expects homeownership to drop slightly in 2025.
She says that buyers shouldnt let market conditions dictate when or whether they decide to buy.
Buying a house depends on your financial situation and your wants and needs.
Timing in any market is difficult, and real estate is not easily replaced.
Arora A. Todays Mismatched Market: Real Estate Perceptions vs. May 10, 2023.
Housing Market Mood: Buyers and Sellers Feel Hopeful for 2025.
October 31, 2024.
