If you’re considering a move in 2025, you’re not alone in wondering what the real estate market might look like. After years of rapid changes, from skyrocketing home prices to fluctuating mortgage rates, 2025 is expected to bring a shift that could benefit both buyers and sellers. Here’s what experts are predicting for mortgage rates, home sales, and prices—and how it could impact your next move.
1. Mortgage Rates Expected to Ease Slightly
Experts are projecting mortgage rates to decrease in 2025. This could result in one or a few rate drops throughout the year. For buyers, even a small dip in mortgage rates can make a difference in affordability. Sellers, too, will benefit, as more affordable rates can attract more buyers to the market.
2. Increased Home Sales
After several years of low inventory and fewer transactions, home sales are expected to increase in 2025. As rates become more favorable and market conditions stabilize, more homeowners will feel confident listing their properties.
3. Moderate Price Growth
2025 is expected to bring a moderate rate of price appreciation.
Keep in mind that forecasts like these are typically made on a national scale, and real estate markets can vary drastically locally. This means what we see here in the Lancaster, PA may vary slightly from these national predictions.
If you’re thinking of making a move and you’d like to discuss the 2025 market, we are always available to chat!