2024 Housing Market Reflections and What to Expect in 2025

By Jeff Burke

We bring professionalism, a high level of communication, negotiation, and execution to all our clients. We serve the greater Lansing and Grand Rapids- West MI area, where we are committed to protecting our client’s best interest and giving that 5-star experience!

Are you prepared to enter the 2025 housing market? As we approach the end of 2024, it’s a great time to reflect on the real estate market and consider what 2025 might bring for buyers and sellers. Whether you’re planning to move or stay put, understanding market trends can make a big difference.

This past year, we saw the real estate market landscape shift. Interest rates fluctuated, inventory challenges remained, and competition among buyers remained high in some areas. Sellers had to adjust their strategies, and buyers faced some tough choices.

So what can we expect in 2025? Here’s a quick look at what might be ahead for buyers and sellers and how you can set yourself up for success.

Tips for buyers. It’s crucial to be ready. Interest rates might keep changing, so staying informed and getting pre-approved for a mortgage will give you a competitive edge. Understand your budget and be prepared to act fast when you find the right property.

“The market may change, but the opportunities will always be there for those who are prepared.”

Tips for sellers. Pricing and presentation will be more important than ever. Buyers are more selective, so make your home stand out with professional photos, staging, and virtual tours. Accurate pricing will also help attract serious buyers right from the start.

Looking ahead, we’re expecting some areas to see new growth as more people continue to prioritize space, community, and work-from-home flexibility. At the end of the day, staying ahead all boils down to understanding local market trends, whether buying or selling.

It’s important to start planning for 2025, whether you’re buying your first home, moving up, or selling to downsize. Next year will bring plenty of opportunities. Speak with a real estate professional, explore your options, and prepare to make informed decisions.

The market may change, but opportunities will always be available for those who are prepared. If and when you’re ready to make the real estate move, I’m here to help every step of the way. You can reach me at (512) 204-3311 or jeff@jeffburkeassociates.com. I wish you a successful, prosperous 2025.