If there’s one thing we know about real estate, it’s that the market never stays the same for long. Whether you're buying, selling, or just keeping an eye on home values, knowing what’s coming can help you make smart decisions. At the Brookings Home Team, we keep a close watch on trends so we can help our clients navigate the market with confidence. So, what’s in store for 2025 and beyond? Let’s break it down.
Home Prices: Will They Keep Climbing?
Over the last few years, we’ve seen steady appreciation in home values, and that trend isn’t slowing down just yet. Experts predict modest but continued growth in home prices, particularly in desirable areas like Brookings. Low housing inventory is still a challenge, meaning well-priced homes will continue to sell quickly. If you’re thinking about selling, this could be a great time to capitalize on your home’s value.
Mortgage Rates: Relief on the Horizon?
High mortgage rates have kept some buyers on the sidelines, but there’s hope that rates may start easing by late 2025. The Federal Reserve has hinted at possible rate cuts, which could make homeownership more affordable. If you’ve been waiting to buy, staying pre-approved and ready to act when rates dip is a smart move.
Buyer and Seller Trends: Who’s Making Moves?
Millennials and Gen Z are expected to drive the next wave of homebuying, with many looking for affordable starter homes or properties that offer remote-work flexibility. On the flip side, we’re also seeing more baby boomers choosing to downsize, creating opportunities for move-up buyers. If you're in either of these groups, strategic timing could make all the difference.
Brookings Market Outlook
Here in Brookings, we expect demand to remain strong, especially for well-maintained homes in great locations. The key for buyers? Be ready to act fast. And for sellers? Proper pricing and smart marketing—something we specialize in at Brookings Home Team—will be more important than ever.
What’s Next for You?
Whether you're planning to buy, sell, or invest in real estate, staying informed is the first step. At the Brookings Home Team, we’re here to help you make sense of the market and make the best move for your future. Thinking about making a change? Let’s talk!
Reach out today, and let’s plan your next steps together!
Posted by Shane Andersen on
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