NAR reduces the sales forecast of the existing home for 2025
These are downward revisions of the prediction they released at the end of 2024, who predicted that the sale of the existing home in 2025 would increase 4.9 million and the turnover of a new house by 11%.
Nar has also updated his 2026 projections. For next year it dropped its new home sales forecast from 8% to 5% growth. The sale of existing home is now expected to grow by 11%, which will fall in the reach of 10% to 15% earlier given by the trade group.
Despite the slightly less optimistic image, Yun was happy about where the market is going.
“The worst is over [for home sales]”Yun said on the webinar with the update.” The worst for the inventory is over. I think the probability of the recession is still small. Working additions, lower mortgage interest and all factors that increase home are positive, so look for more business opportunities this year. “
Guided affordability continues to retain the sale of at home and the updated prediction of NAR does not predict well in that respect. It previously predicted the growth of the home price of 2% in 2025 and 2026, but it has revised it up to 3% and 4% respectively.
Nar’s revised home sales number of 4.3 million is more in line with what other predictors predicted for 2025. The top of the range for sale was at 4.9 million and Broker.com At the bottom with 4 million.
HOUSINGWIRES Extensive 2025 – Prespare – Compiled by lead analyst Logan Mohtashami and Altos Founder Mike Simonsen – predicted 4.2 million turnover and a jump of 3.5% in house prices.
How do their predictions keep it so far? According to this Week van Nar report, the sale of existing home for February was clocked at a seasonal annual percentage of 4.26 million, with the median selling price by 3.8%.
