realestate

Western US Real Estate Outlook: 15 Key Markets for 2025

Mortgage rates and housing concerns may be easing soon.

C
oncerned about high mortgage rates or housing availability? You may soon have reasons to breathe a sigh of relief. Realtor.com's national housing forecast predicts a 2025 market with improved inventory, lower mortgage rates, and increased home production to close the housing deficit.

    The top 10 markets of 2025 are expected to be in the Sun Belt, with Colorado Springs, Colorado, leading the pack at No. 1. Many cities on this list fall within the American West. GOBankingRates has compiled a list of the 15 top Western US markets based on Realtor.com's forecast.

    Here are some key statistics for these markets:

    * Roseville, Arden-Arcade: 5.2% increase in existing home sales year over year, 8.9% increase in median sale price year over year, and a combined growth of 14.1%.

    * Henderson: 2.0% increase in existing home sales year over year, 12.3% increase in median sale price year over year, and a combined growth of 14.3%.

    * Boise City: 9.9% increase in existing home sales year over year, 6.0% increase in median sale price year over year, and a combined growth of 15.9%.

    * Lodi: 6.2% increase in existing home sales year over year, 9.8% increase in median sale price year over year, and a combined growth of 16.0%.

    * Thousand Oaks, Ventura: 8.2% increase in existing home sales year over year, 8.0% increase in median sale price year over year, and a combined growth of 16.2%.

    * Fresno: 6.7% increase in existing home sales year over year, 10.0% increase in median sale price year over year, and a combined growth of 16.7%.

Western US real estate market forecast with 15 key cities highlighted.