How you can prepare for the spring market by planning ahead, budgeting your time, and getting in early.
As a real estate agent, one of the most common questions I get from potential home sellers is, “When is the best time of year to sell my home?”
“Get ahead of things by listing as early as you reasonably can.”
The 30-year mortgage rate is close to 7%, a big jump from the low 6% range earlier this year. Rates rose sharply in October, slowing sales, but there’s good news ahead. The Federal Reserve is expected to lower rates gradually in 2025, potentially bringing rates back into the low sixes. While rates won’t drop significantly, buyers and sellers should prepare for increased activity once they do.
If you’re a buyer, now is a great time to act. Winter is quieter, meaning less competition, but inventory is low, so waiting could mean missing out. This is also a good time to list if you’re a seller. There’s less competition with near-record-low inventory, and buyers are motivated, especially for well-priced, move-in-ready homes.
The new year brings exciting opportunities. Lower rates, increased sales, and a tech-driven boom fueled by AI are expected to drive continued price growth. If you’re thinking about buying or selling, let’s connect now to position you for success when the market heats up.
Reach out at 408-596-4490 or email me at Brett@TheRealExperts.com, and let’s create a plan to help you take advantage of this unique moment in the Bay Area real estate market.
