As we step into 2025, investors are eagerly examining the real estate market for opportunities. While some are waiting for prices to drop, recent data reveals interesting shifts across various markets in the U.S.
Key Takeaways
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Days on Market and Listings on the Rise
- Between December 2023 and December 2024, 202 out of 204 markets experienced an increase in days on market.
- Despite higher inventory levels, the median sales price continued to rise in many markets.
- Potential investment opportunities can be found in growing markets like Raleigh, Tulsa, and Huntsville, where a slight drop in median sales prices is currently observed.
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Decline in Median Closing Price
- 59 out of 204 major markets recorded a decrease in median closing price, indicating potential value for out-of-state investors.
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Market Highlights
- North Carolina: Considered a promising state for real estate growth, particularly in the Raleigh-Durham-Chapel Hill Research Triangle metro area.
- Raleigh: Noteworthy for its significant decline in median sales price (-12.1%), indicating the potential for future price appreciation due to thriving job growth and strong market fundamentals.
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Price Dynamics and Inventory
- Despite overall market fluctuations, some markets have sustained price increases despite higher inventory levels.
- An increase in Total Listings and Days on Market (DOM) may not necessarily result in price declines, as evidenced by several markets where prices still appreciated despite inventory growth.
While some markets exhibit signs of cooling off, others demonstrate resilience in the face of changing inventory levels. Continued analysis and monitoring are essential to capitalize on emerging trends and investment opportunities.
Stay informed and watch this space for forthcoming updates!
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