4 Things to Expect from the Spring Housing Market
Spring is in full swing, and with it comes an uptick in the housing market. If you’ve been debating whether now is the right time to buy or sell, here’s why this season could be the perfect opportunity to make your move.
1. More Homes on the Market
After a prolonged period of limited inventory, the number of homes available for sale is finally on the rise. According to recent data from Realtor.com, active listings have increased by 27.5% compared to this time last year.
For Buyers: This means a wider selection of homes and the ability to be more selective in your search.
For Sellers: More available homes mean you’ll likely have an easier time finding your next property. Plus, since inventory remains below pre-pandemic levels, demand for your home should still be strong when you list it.
2. Home Price Growth Is Slowing
As the housing supply increases, home price growth is starting to moderate. This is a natural response to shifting supply and demand—more homes mean buyers have more choices, which eases competition. While home prices are still expected to rise, the pace of appreciation is slowing. As Freddie Mac puts it: “In 2025, we expect the pace of house price appreciation to moderate from the levels seen in 2024, while still maintaining a positive trajectory.”
For Buyers: Slower price growth means home values aren’t skyrocketing as quickly, making it a more manageable time to buy and build equity over time.
For Sellers: While prices are still rising, setting a competitive price is key in a more balanced market. Overpricing could lead to longer selling times.
3. Mortgage Rates Are Stabilizing
Mortgage rates have been a significant challenge for buyers over the past few years, but there’s good news—rates have recently stabilized and even declined slightly since the start of the year. While fluctuations are still possible, this stability is making the homebuying process more predictable. Selma Hepp, Chief Economist at CoreLogic, explains: “With the spring homebuying season upon us, the recent improvements in mortgage rates may help invite homebuyers back into the market.”
For Buyers: With mortgage rates more stable, you can plan ahead with greater confidence. Staying informed on rate trends with your lender and real estate agent is essential.
For Sellers: Lower, steadier rates mean more buyers are gaining confidence, which can help increase demand for your home.
4. Buyer Activity Is Increasing
Thanks to the combination of rising inventory, stabilizing mortgage rates, and more moderate price growth, buyers are feeling more confident. The Mortgage Bankers Association (MBA) has reported an increase in mortgage applications, signaling a rise in buyer activity.
For Buyers: Acting sooner rather than later could be advantageous before competition increases.
For Sellers: More active buyers mean better chances of selling your home quickly and for a competitive price.
The Bottom Line
This spring presents promising opportunities for both buyers and sellers. If you’re considering a move, now is the time to connect with a local real estate expert to develop a strategy that aligns with your goals. Whether you’re looking to find your dream home or get top dollar for your property, the right guidance can make all the difference.