Spring 2025 National Real Estate Market Update

Spring Has Sprung—And So Has the Real Estate Market

Spring is traditionally the busiest time of year in real estate, and 2025 is shaping up to follow that trend. Whether you’re thinking of buying, selling, or just keeping an eye on the market, here’s a quick update on what’s happening nationwide—and what it could mean for us right here in the Mid-South.

Mortgage Rates Are on Everyone’s Mind

Buyers are watching interest rates closely, hoping for the “perfect” drop. But waiting too long can backfire. While rates may fluctuate, they’re still historically reasonable—and refinancing later is always an option. The bigger risk? Missing out on the right home.

Sellers: Buyers Are Active but Cautious

Yes, people are still buying—but they’re laser-focused on affordability. That means pricing your home correctly from the start is more important than ever. The right price attracts strong offers. The wrong one leads to long days on market.

Inventory: Slightly Up, Still Tight

We’re seeing more homes listed this spring, but it’s still considered a seller’s market overall. Buyers have more options than they did a year ago, but competition remains high—especially in desirable areas like Germantown and Collierville.

Home Prices: Steady Growth

We’re not seeing prices skyrocket, but they’re not falling either. Experts are forecasting a 3-5% price appreciation in 2025. Homes that are well-priced and well-presented are moving quickly. Those that aren’t? They’re sitting. Buyers hoping for a price crash may be waiting a long time.

The Economy’s Role

The current job market and increasing wages are helping more buyers stay in the game, even with higher costs. Inflation still looms, especially in high-cost-of-living states like California and New York, which are seeing slower real estate growth. But here in the South, we’re continuing to see strong demand as affordability drives relocation.

Bottom Line

Whether you’re looking to buy or sell, the key is to have a strategy that works with current trends—not against them. If you want a personalized breakdown of what this market means for your home, reach out. I’m Kelly Day with simpliHŌM—where we make buying and selling a home simple.