May Market Outlook: More Listings, Smarter Buyers
🏘️ Inventory Insight – Why Your Neighborhood Might See More Listings This Month
Seasonal Trends and Local Data:
Historically, May marks a peak in home listings as families aim to relocate during summer breaks, aligning with the end of the school year.
In the Omaha-Council Bluffs area, active listings have shown a slight decrease from February (2,009) to March 2025 (1,936), but this trend may reverse in May due to seasonal factors. FRED
National Outlook:
Nationally, housing inventory has increased by 24.6% year-over-year as of January 2025, indicating a potential rise in available homes. LendingOne+1Norada Real Estate+1
Experts predict an 11.7% increase in available homes for 2025, suggesting more options for buyers and a more dynamic market. Norada Real Estate
Implications for Buyers and Sellers:
For buyers, increased inventory could mean more choices and potentially less competition.
Sellers might need to price competitively and ensure their homes are market-ready to attract attention in a more crowded marketplace.
🧠 What Buyers Are Thinking Right Now – Insights From the Front Lines
Affordability and Interest Rates:
The average 30-year mortgage rate has risen to 6.83%, the highest since late February, impacting monthly payments and overall affordability. AP News
Buyers are increasingly considering adjustable-rate mortgages (ARMs) to manage short-term costs, with applications for ARMs reaching a 17-month high.AP News
Buyer Behavior and Preferences:
Many buyers are prioritizing move-in-ready homes to avoid additional renovation costs, reflecting a desire for convenience and budget management. Better Homes & Gardens
Economic uncertainties and potential inflation concerns are leading to more cautious decision-making, with buyers taking longer to commit to purchases.Better Homes & Gardens+1AP News+1
Strategies for Buyers:
Flexibility in expectations and thorough financial preparation are key, as highlighted by first-time homebuyers who successfully navigated the current market. Investopedia
Building a solid team, including real estate agents and financial advisors, can provide crucial support in making informed decisions.Investopedia
