There’s one fact about real estate that few people would dispute: The housing market is really weird right now. Mortgage rates are not falling quickly despite Federal Reserve rate cuts. Homes feel totally unaffordable, and supply is super thin. In many markets, homes are under contract before the agent even puts a sign in the yard.
All in all, it’s been a sellers’ market. But heading into 2025, the sizzling market is cooling off in many regions—and that may bring some challenges if you’re looking to sell your home this year. These challenges are compounded if you are selling a home for the first time and might not know exactly where to start.
