The Truth Behind the “Sideways Market”
If there’s one thing that gets people talking (and sometimes worrying), it’s home prices. Are they rising? Dropping? Should you buy now or wait? Let’s break it down using the latest data.
After years of rapid appreciation, home prices are finally stabilizing. Experts are calling this a “sideways market”, meaning it’s neither too hot nor too cold. This stability is great news for buyers who felt priced out during the peak frenzy. Zillow predicts home prices will rise this year, but at a much slower, more predictable pace, giving buyers much-needed breathing room.
Why Local Knowledge Trumps National Headlines
While the national market cools, what’s happening in your specific area is what truly matters:
- Some cities are still seeing appreciation above 5%, driven by job growth and low inventory.
- Others are hovering around 3%-4%, reflecting a healthier, more sustainable pace.
That’s why local market knowledge is key. Don’t just trust the headlines! They reflect the average, not the reality of your neighborhood.
2025 Outlook: More Balance, More Opportunity
Analysts expect national home prices to grow around 2.9% this year, keeping things steady and avoiding a volatile upswing. This consistent growth, combined with higher buyer intent, signals a market full of opportunity:
- 15% of Americans plan to buy a home in the next 12 months—that’s the highest intention rate in five years!
- A stable market means less bidding wars and more chances for buyers to negotiate on price and terms.
What Should You Do Now?
This balanced market is a window of opportunity for both buyers and sellers:
- If you’re buying: This is your window to negotiate and lock in a home without the intense pressure of a rapidly rising market.
- If you’re selling: Price your home correctly from day one to attract the large pool of currently motivated and prepared buyers.
Thinking about making a move? Let’s talk strategy and look at the specific data for your local market.
