February 2025 Housing Trends | Prices Up, Sales Down, Inventory Growing
Donald Horne, Broker / Owner, Team Success Listing LLC
The real estate market in February 2025 saw notable shifts, with more homes available but fewer buyers committing to purchases. Key statistics highlight both opportunities and challenges for buyers and sellers navigating today’s market.
Key Market Trends:
Homes on Market: Up 13.1% year-over-year, signaling a growing inventory.
Closed Sales: Down 9.0%, indicating fewer complete transactions.
Pending Sales: Dropped 14.7%, showing a decline in buyer activity.
Median Sale Price: Increased 6.3%, suggesting home values are still rising.
New Listings: Declined 12.8%, limiting fresh inventory entering the market.
Average Days on Market: Increased to 50 days, up by 6 days from last year.
What This Means for Buyers and Sellers
For buyers, the increase in available homes provides more options and potential negotiating power. However, with median prices up 6.3%, affordability remains a concern. Additionally, the slowdown in sales activity may indicate hesitancy among buyers waiting for better conditions.
For sellers, rising inventory and longer days on the market mean strategic pricing and strong marketing are crucial. With fewer new listings, well-prepared homes still stand a strong chance of selling, but patience and flexibility may be necessary.
Should You Buy or Sell Now?
With fewer buyers in the market, sellers must ensure their homes are competitively priced and well-presented. Buyers, on the other hand, may find increased inventory working in their favor, giving them more choices and negotiating leverage.
As the market continues to shift, staying informed is key. Whether buying or selling, working with us here at Team Success Listing, we can help you navigate these trends effectively.
Reach out to us today for all your real estate needs and move one step closer to your new home.
Donald Horne / Broker-Owner
Team Success Listing LLC
teamsuccesslisting@gmail.com / 1-810-338-0628
https://www.teamsuccesslisting.com
https://bit.ly/WhyClientsChooseUs
https://bit.ly/m/DonaldHorneTeamSuccessListing (Digital Business Card)
For best finance options contact:
Linda Sinacola, Mortgage Broker, PLB Lending
1-248-931-9600 / linda@plblending.com