April marks the start of the busy season in real estate. If you’re considering buying or selling this year, here are four points to keep in mind about the 2025 spring market.

Continued Price Appreciation. Home prices are still on the rise, although the increases are less significant than in previous years. This moderate price appreciation may ease the concerns of potential buyers, and it suggests improvements in inventory and affordability.

Varying Mortgage Rates. With expected fluctuations in mortgage rates, it’s a good idea to consult a mortgage consultant sooner rather than later if you’re planning to buy in 2025. While 30-year rates have remained below 7% almost all year, locking in a rate now could be beneficial for your long-term plans.

Growing Inventory. Real estate conditions can vary by location, but we’re observing an increase in the number of homes for sale in parts of the Mid-Atlantic and Northeast. If you’re interested in a specific market, please reach out. Your local Long & Foster Real Estate agent can track inventory levels and keep you updated on any listed properties that meet your needs.

Balanced Market. For the first time in years, experts predict a balanced market in 2025. This shift could benefit both buyers and sellers, especially after a period when sellers dominated the market during and after the Covid-19 pandemic.

Real estate trends vary significantly from one area to another. If you’d like more details about our local community, feel free to contact your local Long & Foster Real Estate office. Long & Foster’s professional agents can provide a competitive market analysis for your home or share insights from the brokerage’s local market reports.

Plus, if you’re house-hunting, consider attending Long & Foster’s Open House Weekend on April 26 and 27. You can find open houses near you here.