Uncategorized December 19, 2024

Want to Sell in 2025? Don’t Wait Until Spring

A new year often brings new goals. If selling your home is on your 2025 to-do list, you might be tempted to wait until spring when the weather improves. But don’t wait too long! There are several reasons why listing your home in the early winter months of a new year can be a savvy move.

Buyer Demand Remains Strong

Even as inventory slowly increases, demand still outpaces supply in many markets. “Homes are spending fewer days on the market,” says Carol D. Calamari, Sales Associate at ERA Justin Realty, “Motivated buyers are eager to secure properties before interest rates or prices increase. Listing now means less competition compared to the typically busy spring market.”

Mortgage Rates Are Still Historically Favorable

“Mortgage rates have seen fluctuations in recent years,” says Jennifer Darby Metzger, Broker/Owner of ERA Justin Realty, “but they’re still well below the highs of the 1980s when rates were over 12 percent!” While rates are currently hovering between 6 and 7% at the end of 2024, mortgage bankers predict rates will either stay stable or decrease, creating a favorable borrowing environment for buyers. A robust buyer pool means more competition for your property.

Home Equity Is at a Peak

Nearly half of U.S. homeowners are mortgage-free, and those with mortgages have seen significant equity growth. If you’re among the many Americans sitting on increased home equity, this could be the perfect time to capitalize on your investment. Use that equity to upgrade to a home that better fits your lifestyle or to downsize if your needs have changed.

Home Prices Are Still Appreciating

While the market is cooling compared to the record-setting years of 2021-2022, home prices continue to rise steadily. Experts forecast moderate appreciation throughout 2025. “Listing early allows you to benefit from today’s home prices while buyers are tempted to act before prices climb even higher,” says Calamari.

Bottom Line

2025 is shaping up to be another strong year for real estate. If you’re ready to sell, don’t wait. Carol D. Calamari or any of our experienced agents at ERA Justin are ready to help you navigate the process with ease. Give us a call at (201) 939-7500.