As we enter 2025, many homeowners are contemplating whether now is the right time to sell. Recent analyses suggest that while the housing market presents certain challenges, there are also promising opportunities for sellers.

Table of Contents

• Mortgage Rates

• Home Prices

• Buyer Demand

• Market Conditions

• Conclusion

• Deal of The Week

Mortgage Rates

Mortgage rates have seen a decline from their peak of nearly 8% in late 2023 to approximately 7.11% as of January 24th, 2025. This downward trend is expected to continue gradually throughout 2025, potentially increasing buyer activity as borrowing becomes more affordable.

Home Prices

Home prices projections vary depending on the institution and local market. Zillow, however projects an average of a 2.4% increase in home prices in the Utah County market through 2025. While this indicates a slight deceleration in price growth, it still reflects a healthy appreciation, suggesting that sellers can anticipate favorable returns on their properties. To review Zillow’s forecasts for all other major metropolitan markets across the country, view the interactive map below:

Buyer Demand

The combination of stabilizing mortgage rates and a growing inventory of homes is expected to invigorate buyer interest. As affordability improves, more potential buyers may enter the market, increasing competition and potentially leading to quicker sales for well-priced homes.

Market Conditions

The housing market is gradually shifting towards a more balanced state, with inventory levels improving but still below the threshold for a truly balanced market. This environment suggests that while sellers may face increased competition, well-maintained and appropriately priced homes are likely to attract serious buyers.

Conclusion

While 2025 presents a more favorable landscape for home sellers compared to recent years, it's essential to approach the market with modest expectations. 

If you have any questions about how this impacts your future real estate plans, don't hesitate to call.

Deal of The Week

VIP DISCOUNT ALERT: If your looking in Mapleton, we’ve teamed up with Edge Homes and they’re offering a $5,000 discount ON TOP of a 3% seller credit and 5.99% interest rate. The only catch is that the $5,000 discount is ONLY for people who attend the Mapleton community open house this weekend from 11am-6pm. If that’s of any interest to you, call me right away so I can get you on the schedule.

Here to serve,