T
he housing market has experienced significant fluctuations since the pandemic, prompting real estate experts to predict emerging trends for homebuyers in 2025. According to Jon Howard, mortgage loan originator at Lucid Lending, buyers can capitalize on opportunities with a well-considered approach, leveraging slower market activity and increased inventory to find properties that align with their budgets and priorities.

    One anticipated trend is longer time on the market due to rising inventory levels. "As more homes come into the market, sellers will need to be smart about pricing and presentation," says Bryson Taggart, senior business development manager at Opendoor. "Homes that are priced right, well-maintained, and have features buyers are looking for will likely sell quickly."

    Home prices are also expected to decrease in 2025, with a moderation of the trend of homes selling above asking price. However, certain highly desirable properties will still attract offers above asking, particularly those that are move-in ready in prized neighborhoods.

    The demand for move-in ready homes is expected to surge in 2025, driven by affordability and convenience concerns. "Higher mortgage rates and ongoing inventory challenges make move-in ready homes the most appealing choice for a broad base," says Howard. Multifamily and affordable housing options will also gain traction, offering valuable alternatives for buyers.

    A desire for low-maintenance homes is another emerging trend, particularly among millennials who prioritize convenience and lifestyle. Nearly 70% of buyers want a turnkey home now, according to survey data cited by Taggart. This preference is strong among "anytime buyers" who aren't swayed by seasonality and are looking for homes that meet their needs year-round.

    Economic uncertainty will continue to impact the market in 2025, with concerns over inflation and economic stability making buyers more cautious. However, some experts believe that this uncertainty may spur buyers into action, particularly those expecting home prices to rise.

    Interest rates are also expected to trend lower in 2025, making buying a home potentially more affordable. Danielle Hale, chief economist at Realtor.com, notes that despite recent climbs, interest rates are expected to gradually decrease as inflation continues to wane.

    For buyers planning to enter the market in 2025, experts advise being prepared and flexible. "Spring is usually the sweet spot for sellers," says Hale, while fall offers buyers more market power. Buyers should make a list of must-haves and nice-to-haves to help narrow their search and be prepared to jump on the right home no matter the season.

    Ultimately, each buying situation is unique, and buyers should evaluate what makes sense financially before deciding whether to purchase a specific home or not. As Michael Gifford, CEO of Splitero, notes, "Timing in any market is difficult, and real estate is not easily replaced."