Happy 2025! I’ve got a quick market update for you.

The median sale price for single-family homes in the 7-county metro is now $390,000—up 6.8% from last year!

• Inventory: Lowest since April 2023, with just 1 month's supply.

• Days on Market: Down 6.7% year-over-year to 28 days.

• New Listings: Down 2.9%, but Pending Sales are up 5.9%, showing solid demand.

• Interest Rates: Expected to hover in the 6% range in 2025, but currently over 7%.

For Buyers: The next 45 days offer your best chance to secure a home before spring competition ramps up.
For Sellers: Waiting may yield a higher sale price, but if you're buying too, it often balances out.

Let’s create a plan that maximizes your sale and sets you up for success. My team and I are here to help—let’s go 2025!

Joe Schwartzbauer & Grey Duck Properties