May 2025 Real Estate News
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Inside the May 2025 Edition of Real Estate News
This month, we explore smart strategies to avoid common real estate pitfalls, tips for navigating today’s housing market, and why many first-time home sellers are eager for a second chance. Plus, discover simple gardening tips for a thriving yard and how to choose the best siding for your home. All this and more in the May 2025 issue of Real Estate News.
Navigating the Current Housing Market
Home sellers gained the advantage in February’s housing market, as existing-home sales climbed 4.2% month over month. According to the National Association of Realtors (NAR), two of the key sales regions in the country recorded growth in sales, while one region remained steady and one declined. Sales were down slightly year over year; however, there are signs of pent-up demand. Sellers with competitive pricing and a sound sales strategy can attract more offers from these potential buyers.
Home Prices Continue to Climb
Home prices have climbed for the past 20 consecutive months, and February was no exception. The median existing-home sales price increased 3.8% year over year to $398,400. What’s more, every sales region in the country reported price gains. According to Lawrence Yun, chief economist for the NAR, each percentage point increase in home prices added roughly $350 billion in homeowner equity. These price gains will allow sellers to maximize their return and give potential homebuyers a reason to enter the market.
Thank You and Have a Great Day
Marina Jacobson
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