The homes sales forecast for 2025 is expected to continue to be a bit volatile but will not be the wild ride of mortgage rates of 2024. They’re predicting that mortgage rates will slowly drop this year, which should help boost both home sales and prices a bit.
Last summer’s dip in rates gave a nice push to home sales in the second half of the year. With sales around 4.06 million for 2024, Zillow predicts the number will go up slightly to 4.16 million in 2025. Home values are also expected to rise by about 2.2% to 3% over the year, which is pretty close to the 2.3% increase last year. After some crazy fluctuations in home prices over the past five years, things are finally starting to level out. Other parts of the market are also getting back to normal.
New listings are still about 14% lower than they were before the pandemic, but that’s a big improvement from the 25% drop we saw in March 2024. The total number of homes for sale is also climbing out of the pandemic slump, now only 26% below the 2018-2019 average, the smallest gap since September 2020. These numbers should keep getting better, but it all depends on what happens with mortgage rates.
With more people retiring and looking to downsize, there could be more homes hitting the market. Retirees often sell their larger homes to move into something smaller and more manageable, which can increase the number of available properties. This trend might help balance the market even further, giving buyers more options to choose from or possibly make the smaller-sized homes more difficult to find.
Positive Sales Forecast with Homes at Cobble Creek in Colorado
Moving to a location like Montrose, Colorado has many advantages for those retiring. At Spruce Point Patio Homes, you will enjoy a more rural area with a mild climate and welcoming community. There are a multitude of outdoor activities available. The cost of living is less than the national average and income tax is reasonable. Getting around town is easy and the local airport can get you to any major destination when needed, High quality healthcare is available. With 300or more days of sunshine, planning where to retire became easy.
Cobble Creek is a resort-style golf course community located in Montrose, features new patio homes. Premium living and active lifestyle conveniences in a beautiful Colorado mountain setting. Our carefully planned neighborhood with resort-style amenities offer a variety of recreational activities. The community offers pickleball and tennis courts and an 18-hole golf course. You can fish in the ponds or fly fish the river running through town. There are trails for walking, hiking or biking. Winter activities vary greatly with several types of skiing, ice skating or snow shoeing. Visit Spruce Point Patio Homes today to learn more about the homes we have available. Call Madison Freismuth at 970-275-0662.
