2025 is just around the corner, and we can’t wait for another year of doing what we love—selling real estate!
The California Association of REALTORS® (CAR) predicts that 2025 “A more favorable interest rate environment that will loosen up the “lock-in” effect and improve housing inventory will encourage buyers and sellers to return to the market to boost both home sales and prices.”
Specifically, CAR is forecasting the following:
Existing, single-family home sales are projected to total 304,400 units in 2025, a 10.5% increase from the projected 2024 pace of 275,400.
California’s median home price is expected to rise by 4.6%, reaching $909,400 in 2025, following a projected 6.8% increase to $869,500 in 2024, up from $814,000 in 2023.
Every year, millions of Americans set New Year’s resolutions. Whether it’s to lose weight, eat healthier, travel more, or save money, most of us write down goals at the end of the year.
But what’s the difference between simply writing a goal and actually achieving it? Action.
That’s why we’re encouraging you to take action if buying or selling a home is on your 2025 New Year’s resolution list.
- If your goal is to BUY A HOME, contact us today.
- If you’re downsizing or NEED TO SELL, contact us today.
Together, we can take the steps necessary to achieve those big goals!
Happy New Year!
Source: https://www.car.org/aboutus/mediacenter/newsreleases/2024-News-Releases/2025forecast
