The US housing market is expected to find more balance in 2025, potentially revitalizing activity for sidelined buyers. Realtor.com projects a significant increase in for-sale inventory, reaching levels not seen since December 2019. This surge could lead to nearly 20% of listings experiencing price reductions, while overall home sales are anticipated to rise by 1.5% year-over-year, totaling 4.07 million.
Table Content:
- Promising Markets Amidst Challenges
- 10. Greensboro-High Point, North Carolina
- 9. Atlanta-Sandy Springs-Alpharetta, Georgia
- 8. Phoenix-Mesa-Chandler, Arizona
- 7. McAllen-Edinburg-Mission, Texas
- 6. Orlando-Kissimee-Sanford, Florida
- 5. Richmond, Virginia
- 4. El Paso, Texas
- 3. Virginia Beach-Norfolk-Newport News, Virginia-North Carolina
- 2. Miami-Fort Lauderdale-Pompano Beach, Florida
- 1. Colorado Springs, Colorado
Promising Markets Amidst Challenges
While high home prices and mortgage rates exceeding 6% persist, certain regions, particularly in the South and West, offer promising prospects. Based on Realtor.com’s analysis, here are the ten US housing markets predicted to experience robust growth in both sales and prices in 2025.
10. Greensboro-High Point, North Carolina
The Greensboro-High Point metro area anticipates a substantial 17.3% year-over-year increase in existing home sales, coupled with a 7.7% rise in median sale price.
9. Atlanta-Sandy Springs-Alpharetta, Georgia
Realtor.com forecasts a 15.1% annual growth in existing home sales for the Atlanta-Sandy Springs-Alpharetta area, accompanied by a 10.2% increase in the median sale price.
8. Phoenix-Mesa-Chandler, Arizona
The Phoenix-Mesa-Chandler metro area is projected to experience a 12.2% year-over-year surge in existing home sales and a notable 13.2% increase in the median sale price.
7. McAllen-Edinburg-Mission, Texas
This Texas region is expected to see a significant 19.8% annual rise in existing home sales, alongside a 7.0% growth in median sale price.
6. Orlando-Kissimee-Sanford, Florida
Orlando-Kissimee-Sanford could witness a 15.1% increase in home sales in 2025 compared to the previous year, with a projected 12.1% rise in the median sale price of existing homes.
5. Richmond, Virginia
Richmond, Virginia, anticipates a remarkable 21.6% year-over-year growth in existing home sales, accompanied by a more moderate 6.1% increase in the median sale price.
4. El Paso, Texas
Following the housing booms in Dallas and Houston, El Paso is emerging as a new Texas hotspot. The city is projected to experience a 19.3% annual increase in existing home sales and an 8.4% rise in the median sale price.
3. Virginia Beach-Norfolk-Newport News, Virginia-North Carolina
This bi-state metro area is poised for a substantial 23.4% year-over-year growth in existing home sales in 2025, with a 6.6% increase in median sale price.
2. Miami-Fort Lauderdale-Pompano Beach, Florida
This Florida hotspot anticipates a remarkable 24.0% annual surge in existing home sales and a 9.0% increase in median sale price.
1. Colorado Springs, Colorado
Realtor.com ranks Colorado Springs as the top housing market for 2025, projecting a soaring 27.1% year-over-year increase in existing home sales and a 12.7% rise in median sale price.
