Welcome to 2025: A Fresh Start in Real Estate!

Wow, what a year 2024 was! With rising interest rates, inflation making a comeback, homes lingering on the market a bit longer, and one of the most intense election seasons we’ve ever seen, it’s safe to say we’ve all been on a rollercoaster. But here at the Krop Team, we’re genuinely excited for what 2025 has in store.

Last year marked a notable shift in the housing market. For the first time in years, homes sat on the market an average of 11+ days longer than in previous years. However, despite this slowdown, sales didn’t drop—in fact, they increased by 3-5%. With housing inventory still hovering below two months' supply, demand remains strong, and sellers are still seeing success.

One exciting change? Home sale contingencies are back! In the ultra-competitive years prior, buyers had to sell their homes first and hope they could find—and win—a new one quickly. Now, we’re seeing more offers accepted with contingencies, often without buyers needing to pay over the asking price. This shift is giving both buyers and sellers more breathing room and flexibility.

The market in 2025 is starting to feel familiar—it’s beginning to resemble the pre-COVID era. While lower interest rates are on everyone’s wish list, experts predict we likely won’t see significant drops until 2026 or beyond. That means 2025 will continue to be shaped by a more balanced market, giving buyers and sellers alike more opportunity to plan, negotiate, and make smart moves.

So, here’s to an exciting year ahead! Whether you’re buying, selling, or just exploring your options, the Krop Team is here to guide you every step of the way. Let’s make 2025 your best year yet in real estate!