I often reflect on the Mark Twain quote, “History doesn’t repeat itself, but it often rhymes.” Recently, Mark McLaughlin, President of Compass, shared a message that truly resonated with me and underscored why now is an excellent time to buy and sell real estate. 

“It seems we will close out the 2024 residential housing market with home sales at a thirty-year low — just below 4 million homes sold, and below 2023 results. Not since 1995 has the industry dipped below 4 million homes sold.

The graph below illustrates home sales dating back to 1991. Draw your eye to the low points in 1995 and again in the Great Financial Crisis. The rally periods after the lows each lasted nearly 10 years, reaching an apex at seven million homes sold in 2006 and over six million in 2021.

Great anticipation is in the air for a more favorable mortgage environment in 2025. Industry experts are calling for units sold to increase between 7% and 10% — that will feel nice.

I am optimistic about the 2025 residential real estate market.”

If you’re sitting on the sidelines, waiting to perfectly time the market, it’s worth asking yourself, why? We have several excellent opportunities available, both on and off the market, and we’re already prepping homes for sale in 2025. How can we assist you with your real estate decisions?