While no housing forecast is 100% accurate, they do provide a useful perspective on what the 2025 market might look like. Below are some key points from Lawrence Yun, the Nat’l Assoc. of Realtors (NAR) Chief Economist, and Realtor.com.

• Mortgage rates are expected to fluctuate but be closer to 6.3%.
• Home values could see a modest increase. Yun predicts a 2.6% increase in the median home price and Realtor.com predicts 3.7%. The avg. of 19 forecast models shows a 3.1% increase.
• More homes are projected to be on the market – Realtor.com predicts an 11.7% increase in inventory. With an uptick in inventory, NAR feels existing homes sales would be up 9%.

NAR unveiled the top 10 housing spots for 2025. These picks were based on economic, demographic and housing factors predicted to significantly impact local markets. Among those were Boston-Cambridge-Newton, MA and New Hampshire! Bottom line, it will still be a seller’s market since home supply remains low. For buyers, the market isn’t as hot as it has been in the past few years so there should be more options and maybe less competition.

Contact me to find out how the market impacts your buying or selling goals.

Donna Forest M: 603-731-5151 donna@donnaforest.com Follow her on Facebook