New Year, New Home? What to Expect in Raleigh’s 2025 Real Estate Market
Whether you’re dreaming of a new home or planning to sell, the Raleigh real estate market has some exciting developments in store for the new year. While the market has been slower in recent months, recent changes—like the Federal Reserve’s decision to cut interest rates for the second time in two months—are setting the stage for an active year ahead. Here’s what you need to know to get ahead of the game.
2025 Could Be the Time to Buy
Raleigh remains a hot spot for buyers, with predictions showing home prices may drop by as much as $25,000 below 2024’s peak, according to Realtor.com. Mortgage rates, while still higher than a few years ago, are stabilizing. For much of 2024, 30-year mortgage rates stayed between 6-7%, and 15-year rates hovered around 5-6.5%. If you’re in a desirable area like Raleigh and the home is priced right and move-in ready, it’s likely to sell quickly.
Speaking of 2024… check out my team’s most recent closings!
As you can see, we’ve been busy all over North Carolina this year. For buyers willing to look beyond Raleigh into areas like Angier or Franklinton, opportunities are even more plentiful, with lower price points and less competition. Preparing early—by saving for closing costs, getting pre-approved for a loan, and working with an experienced REALTOR®—can help you make a move before the spring market heats up.
Preparing for a Smooth Buy
Get Pre-Approved Now: Understanding your budget is key. I can get you connected with a lender to explore your options and take advantage of the current rate cuts.
Leverage Local Expertise: As your local REALTOR®, I stay on top of trends happening in the Raleigh area. those highlighted in my teammate’s recent post, Home for the Holidays: A Look at Year-End Real Estate Trends in Raleigh.
First-Time Buyer Perks: If you’re new to home buying, my Ownify Accreditation can make a huge difference. With no down payment required and an easy, streamlined process, buying your first home has never been more accessible.
Target Off-Peak Deals: Winter often brings motivated sellers and less competition, so early 2025 is prime time to start your search.
Let’s Make 2025 Your Year
Whether you’re ready to snag a deal in the Raleigh market or sell your home to motivated buyers, I’m here to guide you every step of the way. As an experienced REALTOR® and Ownify Accredited Agent, I have the tools and knowledge to make your real estate journey stress-free.
Don’t wait—let’s chat about your goals and make your 2025 real estate dreams a reality. Contact me today at 919-438-0548 or Ryan@HudsonResidential.com, and let’s turn “New Year, New Home” into your success story. Cheers to an exciting year ahead!