2025 Housing Market: Recovery and Opportunity Ahead

The 2025 real estate market is showing signs of recovery after a turbulent 2023 and 2024. Here’s what you need to know:

National Trends:
Home sales are projected to grow, with existing home sales up 9% and new home sales up 11%. Price growth is expected to slow, with appreciation between 2.6% and 3.5%, making homes more affordable. Inventory expansion is also on the horizon, giving buyers more options. Mortgage rates might decline slightly, but affordability remains a challenge for many.

Louisville Highlights:
Louisville’s housing market continues to thrive, with home prices increasing by 8.5% in 2024. Projections for 2025 range from 1.8% to 6.1% growth, and median prices hover between $255,000 and $299,753. Homes typically sell within 32 days, with hot properties going under contract in just 10 days.

Neighborhood Spotlight: Clifton
Clifton’s mix of historic charm and vibrant culture makes it a sought-after area for buyers, with average home prices around $280,000.

Did You Know?
Louisville has only 0.50 homes per person, creating a tight supply that drives up demand and prices.

Conclusion:
The 2025 market offers opportunities for buyers, sellers, and investors alike. Let’s connect to discuss how you can make the most of this year’s trends!