March 2025 Market Update: What You Need to Know

Spring is here, and the Bay Area real estate market is heating up! With home prices rising, mortgage rates dropping, and more homes hitting the market, buyers and sellers alike have big opportunities this season.

Key Market Trends

📈 Home Prices Are Rising – The median home price is up 6-8% year-over-year, and prices are expected to climb further this spring, which is typically the peak season.

🏡 More Homes for Sale – New listings are up 30% year-over-year, giving buyers more options. Meanwhile, sellers are taking advantage of high demand before inventory grows even more.

💰 Overbidding & Fast Sales – Many homes are selling 6-7% over asking price and half are selling in under a month, making this an ideal time for sellers to list.

📉 Mortgage Rates Are Falling – Interest rates have dropped for seven straight weeks, improving affordability for buyers.

What This Means for You

✅ For Home Sellers: With high buyer demand, rising prices, and fast sales, this is a prime time to list before more competition enters the market. If you've been waiting to sell, now might be the best moment to maximize your home's value.

✅ For Home Buyers: More inventory means more choices, and with falling mortgage rates, affordability is improving. However, prices are expected to rise, so acting now could help you secure a better deal.

Don't Wait – Let's Make Your Move!

The market is moving fast, and waiting could mean missing out on the best opportunities. Whether you're looking to sell for top dollar or buy before prices climb further, now is the time to act.

📩 Thinking of buying or selling? Let’s connect and strategize!