San Diego Real Estate National Housing Forecast by Tanya Williams

🏡 January 2025 Housing Market Update | Trends, Prices & Predictions 📉 Hello everyone! The real estate market is shifting, and staying informed is key! I’m Tanya Williams with Berkshire Hathaway HomeServices, California Properties, bringing you the latest national housing statistics for January 2025. 📉 Existing Home Sales Sales decreased by 4.9% from December, reaching a seasonally adjusted annual rate of 4.08 million units. However, year-over-year sales increased by 2.0%, marking four consecutive months of annual growth. 🏠 Home Prices & Inventory The median existing-home price rose 4.8% from January 2024 to $396,900, continuing a 19-month streak of price increases. Inventory is up by 27.5% compared to last year, marking 16 consecutive months of growth, giving buyers more options in the market. Mortgage rates have declined to a three-month low, leading to an increase in refinancing activity. 📍 Regional Housing Market Breakdown 🔹 Northeast: Sales down 5.7% MoM, but up 4.2% YoY | Median price: $475,400 (+9.5% YoY) 🔹 Midwest: Sales steady MoM, up 5.3% YoY | Median price: $290,400 (+7.2% YoY) 🔹 South: Sales down 6.2% MoM, unchanged YoY | Median price: $356,300 (+3.5% YoY) 🔹 West: Sales down 7.4% MoM, up 1.4% YoY | Median price: $614,200 (+7.4% YoY) 📅 Looking Ahead Experts predict Spring 2025 will be a prime opportunity for sellers, as inventory rises and mortgage rates remain favorable. If you're thinking about buying or selling, now is the time to strategize! 📩 Want insights on your local market? I’m here to help you make the most informed decisions in this evolving market. Reach out today! 🔔 Don't forget to like, comment, and subscribe for more real estate updates! #HousingMarket #RealEstateUpdate #HomePrices #MortgageRates #MarketTrends #TanyaWilliamsRealtor