Looking at last month’s real estate stats, things are moving in the right direction. March kicks off the spring market, but April is when we really see activity ramp up. Inventory has been steadily increasing since the historic lows of the COVID years, and the average days on market indicate that we’re moving toward a balanced market. After experiencing one of the strongest seller’s markets in recent history, we’re now at a point where buyers have more opportunities and negotiating power.
Home values continue to rise, a trend that doesn’t appear to be slowing in our area. However, one surprising stat is the number of homes sold last month. Year-over-year, this number has decreased despite growing inventory. Previously, the shortage of available homes was the main culprit, followed by high interest rates. Now, we have the highest inventory levels since 2020, and interest rates have remained steady in the mid-6% range—still below the 30-year average.
So, what’s ahead for the rest of 2025? Expect inventory to keep climbing. Just in the past few days, we’ve seen a surge of new listings, and many of my colleagues are preparing to bring more homes to market. Job growth remains strong, with industries continuing to recruit professionals to meet the needs of our expanding community. Meanwhile, interest rates are expected to hold steady.
All of this points to a positive outlook for the rest of the year. More homes on the market mean increased opportunities for buyers, while home prices should continue their gradual rise, benefiting sellers. With interest rates no longer the primary hurdle for buyers and sellers, we’re on track for a more balanced and sustainable marketplace.
