Home prices are projected to rise by 4% in 2025, continuing the steady growth seen in late 2024. This is due to continued demand outpacing limited inventory, meaning buyers may face higher prices as the year progresses.
Redfin predicts rates will stay in the high-6% range, averaging around 6.8% throughout 2025. These higher rates are likely to continue, making homeownership more challenging for many buyers.
It's predicted that home sales will rise in 2025, increasing anywhere from 2% to 9% year-over-year, driven by pent-up demand despite high housing costs.
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