November Market Update 2025

With interest rates dropping, median monthly P&I payments are on the decline as well. This, of course, is great for new buyers who are in the market for a home. If we see an influx of new buyers, there is the possibility that we might see a less stagnant market when the springtime rush comes in early 2026. Unfortunately, interest rates are still much too high for many people who locked in rates in the 2-3% range to justify moving to a new home and taking on a considerably higher mortgage payment each month. We likely won’t see these homes/homeowners enter the market until rates come down substantially more than they already have.