January 2025 Update

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As we step into the new year, we take this time to reflect on the past year and the many clients we’ve had the privilege of helping find homes that perfectly suit their needs. January often marks the end of the slower real estate months, and as February approaches, we begin preparing for the bustling spring market—our busiest season.

Looking at December 2024’s data, we were interested to see that the NWMLS reported a 25% increase in total active listings compared to December 2023. This means more sellers have entered the market with confidence, and buyers will have more options to choose from. Closed sales also rose by 19.8%, while the median home price saw a 4.3% gain year over year.

Despite a modest rise in home prices, buyers appear to have adjusted to mortgage rates and are continuing to invest in their Real Estate. Buyers understand the value that purchasing a home can offer, including equity, growth, and stability. As we move into 2025, we remain committed to providing market insights and helping clients make informed decisions.

“People will make good decisions when given good information.” – Jack Hawkins, Founder 1946