The Relative Stability of Today’s Housing Market

Quick question: what’s the one word you’d use to describe this year so far? For a lot of people, it’s stressful. And when everything feels shaky, it’s easy to second-guess the move you were ready to make. But the truth is, the housing market is one thing that’s been remarkably stable.

Home prices have been relatively steady for about 4 years now. The number of homes for sale is right about where it was last year (up 2%). And mortgage rates have held in the same general 6-7% range since late 2022.

A steady market comes with a perk. You can actually plan. What works for your budget today probably won’t look all that different in a few months.

You don’t have to wait for things to calm down. The housing market’s already pretty steady. Let’s connect to explore and compare the market you walked away from to the one that’s here now.

Don’t forget to check out our latest market reports!

About the Author: Joe Peters

I’m Joe Peters. For more than two decades, I’ve guided hundreds of homebuyers and sellers in Hunterdon and Somerset Counties toward achieving their goals and dreams. Buying or selling a home should feel exciting, not stressful. Whether you’re buying for the first time, upsizing, downsizing, or planning a move to a 55+ community, a knowledgeable local agent can guide you every step of the way. As a Certified Senior Real Estate Specialist (SRES), I also work with senior clients and their families to guide them through the many challenges of this life stage, drawing on my deep network of reliable senior service resources.