Spring Surge or Slow Burn? What the 2025 Market Is Telling Us So Far
As we settle into spring 2025, the housing market is showing signs of both opportunity and hesitation, and whether you’re buying or selling, the headlines alone may leave you wondering what’s really going on.
On one hand, inventory levels are finally rising in many markets. On the other hand, mortgage rates are still hovering in the upper 6% range, making affordability a sticking point for buyers. So the big question is: Are we heading into a spring surge—or will this season feel more like a slow burn?
Let’s break it down so you can make smart, confident decisions in today’s market.
Inventory Is Finally Catching Up
After several years of low inventory, more listings are hitting the market this spring. In fact, many areas across the U.S. have seen a year-over-year increase in new listings, giving buyers more choices and slowing down the extreme bidding wars we saw in previous seasons.
For sellers, this means more competition, but also more motivated buyers. Homes that are priced right, well-maintained, and marketed strategically are still selling quickly.
In places like Ventura County, we’re seeing a healthy increase in listings, especially in entry-level and move-up price ranges. For buyers who’ve been waiting for more options, this is welcome news.
Mortgage Rates Remain a Wild Card
Interest rates are still playing a major role in buyer hesitation. As of mid-April, the average 30-year fixed mortgage rate is hovering around 6.61%—the lowest since last October, but still far from the record lows many buyers became used to during the pandemic.
What’s fueling the uncertainty? Inflation, economic policy shifts, and global trade issues all factor into the rate conversation. And while some experts predict modest rate drops later this year, others warn that volatility will continue.
The takeaway for buyers: Don’t wait on perfect timing. Instead, work with a lender to understand your options, explore creative financing, and be ready to act when the right home appears. Refinancing later is always a possibility, but securing the right home at the right price can’t always be repeated.
Prices Are Leveling Off—But Holding
While we’re not seeing explosive price growth like we did in 2021 or 2022, home values are holding strong in most markets. In Ventura County, for example, the median home price has inched upward this spring, reflecting steady demand and strong equity positions.
For sellers, this is a reassuring sign. Even with more listings coming online, well-positioned homes are still commanding competitive offers, especially those in desirable neighborhoods or with modern updates.
Buyers, meanwhile, are facing less urgency but still need to be prepared for competition, especially on homes that are move-in ready.
What This Means for Buyers
- There’s more to choose from. But don’t let increased inventory lull you into waiting too long—desirable homes are still moving.
- Get pre-approved and explore your financing options. This gives you clarity and confidence.
- Be realistic about your budget. With rates where they are, it’s important to buy the home that works for your lifestyle today, not just your wish list.
What This Means for Sellers
- Don’t overprice. Today’s buyers are cautious and informed.
- Stage and prep your home. First impressions still matter—and can be the difference between an offer and another week on the market.
- Work with a local expert. Pricing, timing, and marketing all depend on hyper-local trends, not just national averages.
Final Thought
Spring 2025 might not bring the frenzy of years past—but that’s not a bad thing. A more balanced market creates opportunity on both sides. Whether you’re stepping into the market for the first time, preparing to sell your longtime home, or just keeping an eye on what’s next, this season is all about smart strategy over speed.
If you’re thinking about buying or selling this spring, I’d love to help you create a game plan that aligns with your goals—no pressure, just honest insight and local expertise.
Let’s talk.
