I think we are in for several monumental changes in the market conditions next year.

Some will be quick to label it a simple change from a seller’s market to a buyer’s market and leave you hanging. But it is a description that needs more definition – specifically, what does that mean for the participants? Do buyers get a better price? Do sellers have to take less?

You better rely on a great agent to help you with those questions!

One change that will be more evident will be doom from the casual observers. The commentary from the cheap seats is already ramping up, and buyers and sellers need to decipher whether it has any relevance to their own situation.

This may be an accurate assessment….but it’s about Nashville, not here:

My prediction? The doomers will be back with a vengance in 2025, especially on social media.

They were vicious in the 2008-2012 era, and I’m sure it delayed home purchases for many potential buyers. Much of it was due to the unprecedented market conditions – foreclosures and short-sales everywhere, and the ez-qual/no-doc financing had been eliminated.

Because it’s been such a strong seller’s market since the pandemic, the basic inexperience with a surge in inventory will tempt buyers (and agents) to pause. The stronger the surge, the more likely the pause.

If you’re selling, get ‘er done early in 2025.

Get Good Help!

Jim the Realtor

Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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