As we reach the halfway point of 2025, both home buyers and sellers are asking the same question: Where does the housing market stand right now? The answer? We're in the midst of a market that's steady but far from simple.

Housing Inventory Remains Tight—Locally and Nationwide

Here in our area, the 2025 housing market continues to feel tight. Limited housing inventory has kept competition high and options limited for many home buyers. And we’re not alone - this trend is playing out across the country. Many homeowners who locked in historically low mortgage rates in 2020 and 2021 are staying put, which means fewer homes for sale are hitting the market.

The result? Continued upward pressure on home prices and faster-than-average sales for well-presented listings in today’s real estate market.

Mortgage Rates in 2025: All Eyes on the Fed

One major factor to watch is mortgage rates. While we’ve seen modest fluctuations this year, there’s growing buzz that future rate cuts could be on the horizon. Currently, the 30-year mortgage rate is hovering around 7%. If rates drop, expect a surge in buyer activity which could tighten inventory even more.

Why? Because lower rates could unlock a new wave of first-time home buyers and encourage some current homeowners to finally make a move. That could lead to a very active and competitive fall home buying season.

Sellers Still Hold a Strong Position in 2025

Despite the cooled frenzy of recent years, home sellers are still in a strong position especially when they price strategically and market effectively. Homes for sale that are priced right, show well, and receive professional marketing continue to attract strong interest and sell quickly.

If you’re a homeowner considering a move, the second half of 2025 could offer a great window to get ahead of potential market shifts.

Home Buyers: Patience + Preparation = Power

For buyers, preparation is everything. Get pre-approved for a mortgage, know your must-haves, and be ready to act fast. With inventory this tight, the most desirable homes for sale continue to move quickly and having a trusted real estate agent on your side can make all the difference.

Local Insight Matters

Understanding home values in your specific neighborhood is essential. Every market is different, and having hyper-local insights can help you make more informed and confident decisions in today’s real estate market.

Want a deeper dive into the national trends shaping today’s housing market?
Check out this helpful overview from Keeping Current Matters.

Whether you're dreaming of buying a home, thinking about selling your house, or just trying to stay informed, our team is here to help you navigate the second half of 2025 with confidence.

Contact The Nathan Wenzel Team, your Dream Home Specialists and trusted real estate professionals.