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s we enter the new year, the real estate landscape is shifting. Before looking ahead, let's reflect on the past. We navigated an election, inflation concerns, high mortgage interest rates, and economic uncertainty. Now that the election is behind us, we have a degree of certainty, which breeds confidence and drives our economy.

    The recession debate has been ongoing for two years, but it seems less likely now. The Fed's focus on inflation has eased, and mortgage interest rates have decreased but remain above 6.5%. So, what does this mean for real estate? Is it a good time to sell or buy? How will the value of your home change in 2025?

    Each month, I'll share data, insights, and opinions to help answer these questions. Let's start with some key points:

    In the Scottsdale/Northeast Valley area, there are currently 1,089 homes for sale across five zip codes (85255, 85262, 85266, 85331, 85377). This number has been increasing since August and is expected to continue climbing as we enter our prime selling season from January to May.

    Demand will also rise during this period, especially if mortgage interest rates drop below 6.5%. Most cities in the Valley are currently balanced markets, favoring neither buyers nor sellers. However, some areas like Carefree and Cave Creek slightly favor sellers, while Scottsdale zipcodes (85255, 85262, and 85266) lean towards buyers.

    I analyze data from the Cromford Report to provide a deeper understanding of the local market. If you're interested in specific information about your area, feel free to reach out. This content is sponsored by Darrell Doepke, a realtor with Berkshire Hathaway HomeServices Arizona Properties.