INW Real Estate Market Moment, as of Q1 2025

INW Real Estate Market Moment, as of Q1 2025:

The current market is simmering just under the surface. Sellers are having to be patient in this mixed basket. Yes, we are still seeing prices continue to come down a little at a time. Many properties are sitting unshown, others are seeing steady, but decidedly small, numbers of lookers. Buyers seem to slowly be coming out of the closet and testing the waters again.

It’s a definite challenge to make a move in any direction, and many buyers and sellers are understanding we need to get comfortable, for the time being, with this slower, more cautious market.

The biggest hurdles I see continuing from the past 9-12 months? Buyers are still working to overcome the (still relatively) high prices with high rates, as well as the newer expectation that they pay for all or a portion of their agent’s services. The positive benefits I’m seeing? Folks are relearning the necessity to save and hold, and to plan for a longer term.

There is no question that the real estate market has seen some major changes the past two years. Now, it’s all about getting back to mapping out time and patience, being realistic, taking care of maintenance + updating, building a down payment, and getting qualified.

Of the multiple tools I use to market your property and/or find your next real estate purchase, what’s happening in your own backyard is still the most accurate predictor and gauge for directions. It takes team work, intuition, and active study to be successful in any endeavor. Together, we’ll use everything in reach to focus our marketing plans and searches to find satisfactory results for you.

All my best,
Becky