With headlines constantly changing and interest rates fluctuating, many buyers are left wondering: Is now a good time to buy a home? The answer isn’t one-size-fits-all, but understanding the current market conditions and how they affect your personal goals can help you make the right move. Here’s what homebuyers should know heading into summer 2025.

1. Interest Rates Are Stable (And Below Recent Highs)  After the turbulence of the last few years, interest rates have settled below 7%, offering more predictability for buyers. While rates are higher than the record lows of 2020–2021, they’re significantly lower than the peak levels we saw in 2023. Locking in a rate now can help you avoid future increases and start building equity.

2. Inventory Is Improving, but Still Competitive   We’re seeing a gradual increase in new listings compared to last year, giving buyers more options. However, well-priced and move-in-ready homes are still seeing strong demand. Acting quickly and being prepared with financing gives you a competitive edge.

3. Home Prices Are Moderating   Price appreciation is cooling down from the rapid spikes of previous years. In many markets, prices have plateaued or are rising at a more sustainable pace. This means buyers may avoid overpaying and can approach purchases with more confidence.

4. Rent Prices Are Still Climbing   In many areas, rent continues to rise, making homeownership an attractive alternative. Buying now can help you lock in a fixed monthly payment and build long-term wealth through equity.

5. Timing the Market Rarely Works  Trying to “wait for the bottom” of the market is risky—and often counterproductive. The right time to buy is when:

• You’re financially prepared

• You’ve identified a home that fits your needs

• You plan to stay in the home long enough to build equity

6. Creative Financing Options Can Help  Many lenders are offering rate buydowns, adjustable-rate mortgages, or seller credits that can help reduce your upfront and monthly costs. Working with an experienced real estate agent and mortgage professional can help you find the best solution.

Conclusion:  The “right time” to buy a home is ultimately different for everyone. Your financial stability, lifestyle goals, and long-term plans should be the primary guideposts when making a decision. While the market provides opportunities, your readiness is what truly matters.

Is now a good time to buy? For many, the answer is yes, especially if you’re financially ready and committed to owning for the long term. With interest rates stable, inventory improving, and price growth slowing, summer 2025 offers a promising window for well-prepared buyers. Ready to explore your options? Let the experts at CENTURY 21 Real Estate Center help you navigate today’s market with confidence.