The Housing Market Is off to a Strong Start This Year, With Home Prices Holding Steady and Demand Remaining High

March 9, 2025

Good morning,

The housing market is off to a strong start this year, with home prices holding steady and demand remaining high. Here’s what’s happening right now:

Inventory is Tight – The number of homes for sale is still below historical averages, keeping competition strong in many areas. Well-priced properties are moving fast, often receiving multiple offers.

Prices Are Holding Firm – Our desirable location and strong job market continues to support home values. Median home prices remain stable, with slight increases.

Buyers Are Getting Creative – With mortgage rates fluctuating, buyers are exploring options like rate buydowns and adjustable-rate mortgages to make homeownership more affordable.

Sellers Still Have the Upper Hand – But Pricing Matters – While demand is strong, overpricing can lead to longer days on the market. Homes priced right are selling quickly, especially those that are updated and move-in ready.

Looking Ahead – As we head into spring, we anticipate more inventory hitting the market, giving buyers more choices. However, demand is expected to remain strong.

For personalized insights or assistance with your real estate needs, please don't hesitate to reach out.

Information + Updates

Did You Know?

Around 75% of residential land in the U.S. is zoned exclusively for single-family homes, the most costly and least dense type of housing.

Did You Know?

California has a population around 39.5 million with GDP over $4 trillion.

Texas has a population of almost 32 million people and GDP of around $2.6 trillion, New York has $2.3 trillion GDP with almost 20 million people collectively their GDP is larger than Russia's GDP of $8.3 trillion with only 63% of Russia's 145 million population. The UK's 69 million people has a GDP of around $4.15 trillion. Maybe another reminder of the spectacularly impressive economic stats of the US!

Did You Know?

The Justice Department has opened an investigation into the cause of soaring egg prices, including whether large producers have conspired to raise prices or hold back supply.....maybe GREED-flation is a thing after all? Perfectly timed as Easter egg season approaches! (WSJ)

Did You Know?

Blackstone closed $8 billion commercial real-estate debt fund, matching the record for this type of investment vehicle, another sign of a property-market rebound. Are they betting on a rebound or that rates remain high forcing those who've held onto real estate to get to 'the other side' to sell discounts? (WSJ)

Did You Know?

Electrical Supply in the US is growing: the total number of electric power plants increased by 2,187 between 2020 and 2023. Canada's retaliatory tariffs on electricity could affect 1.5 million homes in Minnesota, Michigan and New York. (WSJ)

Did You Know?

Natural Gas prices are up almost 19% YTD mostly due to a colder winter and increasing demand for electricity (43% of electricity is derived from gas). The oil price is down around 6%. 51% of homes are heated with natural gas and just 4% with oil. More evidence of the impact supply-demand has on pricing. (CNBC)