2025 Forecast: A Brighter Horizon for Home Sales
Elections often stir up uncertainty, leading to a temporary slowdown in the housing market. Buyers and sellers tend to hit the pause button as they wait to see how policies, interest rates, and economic conditions will evolve. But here’s the good news: historical data shows that any dip in activity is only temporary, with home sales typically bouncing back after the election! 📈✨
🔍 Key Insights:
1. Sales Aren’t Lost, Just Delayed
When elections bring uncertainty, buyers and sellers may postpone their decisions. However, Wisconsin’s real estate trends reflect that these "lost" sales often reappear after election season. In fact, market slowdowns are temporary, and the housing market frequently experiences a post-election surge.
- Wisconsin Market Trends:
- In September 2024, home sales were down 8.7% over the past 12 months, but this decline hasn’t erased demand—buyers and sellers are simply waiting for the right moment.
- The median price of homes increased by 6% over the same period, reaching $310,000, signaling sustained interest in real estate despite a cautious market.
2. 2025 Forecast: A Brighter Horizon for Home Sales
According to experts, home sales are expected to pick up in 2025, aligning with typical post-election rebounds. The early months of 2024 showed strength, with year-to-date sales up 3.8% through September compared to the first nine months of 2023. This sets the stage for a promising 2025, where pent-up demand could drive an active market.
3. Why Prepare Now? 🗝️
With the market likely to gain momentum in 2025, this fall and winter are the ideal times to get ready for your next real estate move. Whether you're thinking about buying or selling, you can take advantage of current trends, like:
-
Improving Affordability:
- Mortgage rates have declined, with the 30-year fixed rate dropping to 6.18%—more than a full percentage point lower than September 2023.
- Housing affordability improved by 5.7% over the past 12 months, making this a good window to explore financing options.
-
Inventory Challenges:
- While listings rose slightly in September 2024, supply remains tight, with just 3.8 months of inventory. If you’re a seller, listing your home early in the year could give you a competitive advantage before inventory increases in the spring.
💬 What Are Your Thoughts on the Market? Let’s Chat!
Are you planning to buy or sell soon? How do you think the election will impact the housing market in your area? Drop your thoughts in the comments—we’d love to hear from you!
John Reuter
Integrity Homes
Broker/Owner
608-669-4226
Real Broker, LLC
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