January 2025 Housing Market Update:
What Buyers and Sellers Need to Know Right Now
The real estate market is kicking off 2025 with some interesting trends. While home prices remain strong, properties are taking longer to sell as buyers navigate uncertainty around interest rates and the broader political climate. Let’s break down the latest numbers and what they mean for you.
Key January 2025 Housing Market Statistics
- Median Sales Price: $289,900
- Days on Market: 40 days (a 42.9% increase from last year)
- Percent of Asking Price Received: 97.6% (slightly higher than last year)
- Housing Inventory: 2.7 months (up from 2.2 months last year)
What This Means for Sellers
If you’re planning to sell, expect your home to take a little longer to go under contract. While 40 days on the market is still relatively quick, it’s a notable jump from last year. Buyers are being more cautious, often due to rising interest rates and economic uncertainty. However, the good news is that sellers are still getting 97.6% of their asking price—meaning well-priced homes remain competitive.
With slightly higher inventory (2.7 months), buyers have more options than last year, but we’re still in a market that favors sellers. To stand out, pricing correctly and presenting your home well (through staging, professional photography, and strategic marketing) is more important than ever.
What This Means for Buyers
For buyers, this shift could be an opportunity. Homes staying on the market longer means you might have more negotiating power—especially if a seller is eager to move. While interest rates remain a concern, there are creative financing options and lender incentives that can help.
Higher inventory also means more choices, reducing the urgency of making snap decisions. However, with sellers still commanding nearly full asking price, lowball offers are unlikely to gain traction.
Final Thoughts
While homes are taking longer to sell, the market remains steady and resilient.
Whether you’re buying or selling, working with an experienced agent (like me! 😉) can help you navigate these changing conditions.
If you’re thinking about making a move, let’s chat!
Visit miriamodegardhomes.com for expert guidance and market insights.
With Gratitude,
Miriam
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