Team Skally | 2025 Market Predictions

Oftentimes, past performance is a predictor of future behavior. The year following 9 of the last 11 presidential elections brought a robust real estate market.

With continued constrained inventory, demand expected to increase due to a resilient local economy, and moderating interest rates, we expect the median sold price to continue to appreciate.

Given continued low inventory, we expect to see significant increases in ADU development and demand for large and accommodating multi-generational homes for those unable to live entirely on their own.

Another reason for this prediction is affordability, a concerning revelation is that the median first-home buyer’s age is now 38. This presents a challenge when the vast majority of Americans associate home ownership with realizing the American dream.

Despite these challenges, there are ways for first-time home buyers to win in this market. With strategic financing options, a little help from family, the right team, and patience and persistence. In short, 2025 will see a continuation of the Seller’s market we’ve been experiencing.

However, we do think there will be more balance than we've seen in the past due to new home development and ample supply in the City where return-to-work mandates are becoming the norm.

Happy New Year!

Matt and Christina

Matt & Christina are Team Skally, top real estate agents in the Seattle Metro with expertise in luxury homes on the Eastside including Bellevue, Newcastle, Mercer Island, Renton and Issaquah. Their client testimonials say it all - they deliver exceptional service and record-breaking results. Recognized as top agents on social media by Property Sparks, Diamond Award winners for best client service, Nextdoor’s Neighborhood Faves and regularly featured in online and print publications including Greet - Newcastle & Newport Hills Magazine. In addition to serving clients, Matt and Christina love family time with their two boys and two Goldendoodles as well as volunteering in the community.