Looking ahead to 2025, many buyers want to know what to expect from the real estate market.
Rates
Mortgage rates are expected to slowly come down, but not to the ultra-low levels of the pandemic years.
For example, if rates move from 7% to 6%, that does help reduce monthly payments but not enough to make homes suddenly “cheap.”
This means affordability will improve a bit, but buyers shouldn’t wait for a dramatic drop.
Inventory
The number of homes for sale is likely to remain low. Many homeowners refinanced into very low rates in the past and don’t want to give them up.
Because of this, buyers will still face limited options.
Low supply keeps competition strong, especially for move-in ready homes in good locations.
Prices
Home values are expected to stay steady or rise slightly in most markets.
A major decline isn’t likely because strong demand and limited inventory continue to support prices.
For buyers, this means waiting for a “market crash” probably won’t work. Prices may actually inch higher over time.
For buyers, the key is preparation. Get pre-approved, define your must-haves, and be ready to act quickly.
Every situation is unique, so before you take your next step, get the right local insight - reach out to me, Joseph Ranola, and let’s start your journey together.
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Joseph Ranola | Five-Star Staten Island & South Brooklyn Realtor® (80+ Google reviews)
Associate Broker · Real Broker LLC | Founder · Bridge and Boro Team
Serving 103xx and 11209 / 11214 / 11228 | $40M+ closed volume
📞 917-905-2541 | RanolaRealEstate.com
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