Realtor Q & A: What Are The Market Predictions for 2025?
- thefountainwoodfor
- Feb 17, 2025
- 1 min read
ANSWER:
Before the wildfires, the Conejo Valley housing market was experiencing growth. For January, the median home price increased to $1,195,000, marking a 22.2% rise from January 2024, when it was $978,000. This upward tread was attributed to increasing demand as both buyers and sellers reentered the market after a period of historic lows.
The California Association of Realtors had forecasted a 4.6% increase in median home prices statewide for 2025, along with a 10.5% rise in home sales. Interest rates were expected to average around 5.9% for the year.
It’s important to note that these projections were made prior to the recent wildfires. The current market dynamics may shift as the full impact of the fires becomes more clear.
We always say shifts in the market happen quickly, and this year is proving to be no exception. As we head into our busy season we will keep you up to date on all the latest news and predictions.
Brought to you by:
Jessica Carter l DRE #01490419 l 818.590.4246 l JessicaCarterHomes@gmail.com
"Your Fountainwood neighbor and local area specialist"
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