If you’ve been wondering what’s really going on in the housing market lately, you’re not alone. While headlines often focus on interest rates or buyer hesitation, fresh insights from Compass Chief Economist Mike Simonsen shed light on some surprising national trends—based on real-time data.
In his latest episode of Compass Intelligence Weekly, Mike shares timely updates that go beyond the noise. Here are a few key takeaways that may impact your buying or selling plans in 2025:
🔹 Pending Sales Are on the Rise
After a slow start to the year, home sales are gaining momentum. In fact, pending sales have increased for eight consecutive weeks—a trend that’s flown under the radar for many buyers and sellers. This uptick signals growing buyer confidence and pent-up demand starting to unlock.
🔹 Inventory Is Up, But Listings Remain Scarce
Nationally, the number of homes on the market has jumped 28% year-over-year. However, new listings still lag behind historical norms, which means competition remains high for move-in-ready homes in desirable areas.
🔹 Pricing is Leveling Out
Home prices across the U.S. are up just 1% compared to this time last year, and a striking 41% of current listings have already seen price reductions. Buyers are paying close attention to value—and waiting for homes that are well-priced from the start.
What Does This Mean for You?
Every market is local, and what’s true nationally may not reflect what’s happening in your neighborhood. If you’re curious how these trends affect your current property or future plans, we are happy to break down the numbers for your area.
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Contact Marks Realty Group if you have any questions, we are here to help you.
Source: Compass.com
