Ready to Achieve Your 2025 Real Estate Goals? Let’s Make It Happen!

It’s Hard to Believe that we are in the fourth Week of January and with that comes renewed focus on our personal and professional goals. One of those goals may be thinking about pertains to real estate. But, do you know what to expect from the real estate Market in 2025? Especially coming off of the slowest market in 30 years with interest rates remaining high?


Here is what you need to know:

  1. Market Activity: We're seeing an uptick in buyer inquiries as the new year begins, but inventory remains relatively tight in our area due to individuals who would ordinarily sell hanging onto their low interest rate and lack of new construction. If you're planning to buy or sell, now is a great time to start strategizing.

  2. Interest Rates: Rates are holding steady, with the national 30-year average sitting just north of 7%. While they may fluctuate, waiting for lower rates could cost more in the long run due to home appreciation.

  3. Inventory Trends: In markets like Fergus Falls and the Otter Tail County Lakers Area, listings have increased slightly compared to last year, giving buyers a few more options. However, desirable properties often attract multiple offers, so preparation is key.

  4. The Value of Planning: Whether you’re considering upgrading, downsizing, or staying put, understanding your financial picture is crucial. Many homeowners are improving their current spaces to better fit their needs, while others are exploring new builds to customize their dream homes.

If you're interested in taking a deeper dive into stats and trends, mortgage lender Kayla Kallander and I dive into the details on our most recent episode of the It's Real Podcast (video below), providing you with an outlook for the real estate market as we gear up for the spring season.

The real estate landscape is constantly changing, but with the right information and guidance, you can make the best decisions for your future. Please feel free to reach out if you’d like to discuss how these trends impact your goals or if you have any questions about buying, selling, or investing in real estate.


It's Real Podcast - Episode 65


What's My Home Worth?

One of the top questions we receive on a weekly basis is "What is my home worth in today's market?"

Because our home is often one of our largest assets, it is smart to get an update on this value periodically. Just as we keep track of our cash in the bank, retirement accounts, other investments, etc, it is a good idea to track the current market value of your home, relative to your current mortgage balance, which provides you with the amount of equity you have in your home.


We offer two options for you to obtain your home value:



Automated Home Valuation

As the name implies, our automated home valuation tool uses public records and market data to provide an estimated market value. In some areas, this value can be fairly accurate, though is heavily dependent on similar home sales in your immediate area, and good public records, which varies greatly from city to city. If your home hasn't been sold in the past decade, chances are the number will be inaccurate. For many, this is an easy place to start.

 

In-Person Home Valuation

If you're looking for a more accurate valuation, the best option is to schedule an in-person home valuation, in which one of our licensed agents comes out to your property to view your home, take measurements, and note any updates or improvements. We then put together a professional market analysis comparing your home to other recent sales, in addition to a home equity report so that you have an accurate financial picture as you ponder your real estate goals. Best of all, there is no cost or obligation for this service.


Your Real Estate Resource

If you're interested in an in-person home valuation or perhaps you just have questions or want to visit about the market, reach out to us!

Phone: 218-332-0700 (call or text)

BOOK IN-PERSON HOME EVALUATION