Is 2025 the Right Time to Buy a Home? Here’s What the Latest Housing Data Says

If you’ve been waiting for the housing market to shift in your favor, this might be the moment you’ve been hoping for. According to a new Redfin report, home prices are finally expected to flatten and even dip slightly over the next year. Meanwhile, more homes are hitting the market, and motivated sellers are offering serious incentives.

Despite mortgage rates hovering near 7 percent, the conditions are creating real opportunities for buyers who are ready.

Let’s break down what the data says and why 2025 might be a great year to make your move.

1. Home Prices Are Finally Softening

For more than a decade, home values climbed year after year, making it hard for many buyers to catch up. But that trend is shifting.

Redfin projects home prices will decline 1 percent year-over-year by Q4 2025. Homes are taking longer to sell, with a median of 40 days on the market. Sellers are cutting prices, and nearly half are offering concessions like closing cost assistance, repair credits, or rate buydowns.

If you’re pre-approved and prepared, this opens the door for real negotiations that weren’t possible even a year ago.

2. More Inventory Means More Choices

The number of homes for sale has jumped to a five-year high, with new listings up nearly 9 percent year-over-year. This gives buyers breathing room to shop, compare, and negotiate without the intense bidding wars of recent years.

More supply means:

• Less pressure to rush decisions

• More room for inspection and negotiation

• Better odds of finding the right home at the right price

3. Yes, Rates Are High—but That’s Already Priced In

While 7 percent rates can feel intimidating, they’ve already been baked into today’s home prices. If and when rates come down, home values may spike again as demand increases.

Buying now could allow you to:

• Lock in a price while sellers are flexible

• Start building equity immediately

• Refinance later if and when rates drop

Remember, you can always change your rate. You can’t go back and buy your home at a lower price once values rise again.

4. Canceled Contracts Are Creating Second Chances

According to Redfin, over 56,000 home purchase agreements were canceled in April 2025—that’s more than 14 percent of all pending deals.

This trend creates unique opportunities for buyers who stay alert and move quickly. Backup offers are working, and buyers are successfully stepping in when other deals fall through.

5. Florida and Texas Buyers Are in a Strong Position

If you’re buying in high-growth states like Florida or Texas, where Quazel Mortgage is licensed, your position may be even stronger. These states are leading the nation in new construction and have the highest rates of contract cancellations.

In Florida specifically, sellers are motivated due to rising insurance costs, HOA fees, and competition. That means more negotiating power for you as a buyer.

Final Thoughts: Should You Wait or Buy Now?

While it may feel counterintuitive to buy when rates are high, market conditions show that now may be the smartest time to take action—especially if you’re looking to get a deal.

At Quazel Mortgage, we help homebuyers compare their options, understand how seller concessions work, and put together financing strategies that match today’s reality.

Ready to explore your options?

✅ Free Loan Estimate comparisons
✅ Honest second-look reviews
✅ Local loan programs and rate strategies

📍 Visit GetQuazel.com or message us today to start planning your next move.