The housing market is showing strong momentum as we move further into 2025! With existing-home sales climbing and median prices on the rise, buyers and sellers alike are finding opportunities in this dynamic market. Let's break down the latest data and what it means for you.
Home Sales on the Rise
Last month, 4.26 million existing homes were sold, marking a 4.2% increase from January 2025. This uptick signals growing confidence among buyers, possibly fueled by stabilizing mortgage rates and a strong labor market.
Inventory Levels: A Slight Increase
The available housing inventory stands at 3.5 months of supply, up from 3.0 months in February 2024. While still relatively low, this increase gives buyers slightly more options to consider. However, well-priced homes continue to move quickly, making it essential for buyers to act decisively.
Home Prices Continue to Appreciate
The median sales price for existing homes has reached $398,400, reflecting a 3.8% year-over-year increase. This growth suggests sustained demand, particularly in sought-after neighborhoods. For sellers, this is a positive sign that home values remain strong.
What This Means for Buyers & Sellers
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Buyers: While home prices are increasing, additional inventory means more choices. It’s crucial to get pre-approved and work with an experienced real estate agent to navigate the competitive market.
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Sellers: Rising prices and steady demand make this an opportune time to list your home. Proper pricing and strategic marketing can help attract serious buyers quickly.
Need Expert Guidance?
Navigating the housing market requires expert insight, whether you're buying or selling. Let Meridian Real Estate guide you through the process and help you achieve your real estate goals.
📞 Contact us today! 🔗 Learn more: meridiangrouprealestate.com
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