Spring Market Forecast: Expert Opinions on What to Expect in the Housing Market This Spring

If you're gearing up for a move in the near future, you might be pondering the availability of housing options, the trajectory of prices and mortgage rates, and strategies for navigating the current market dynamics. If these considerations resonate with you, here's an overview of expert insights on what to expect in the upcoming season.

Odeta Kushi, Deputy Chief Economist at First American, offers her perspective:

“. . . it seems our general expectation for the spring is that we will see a pickup in inventory. In fact, that already seems to be happening. But it won’t necessarily be enough to satiate demand.”

Lisa Sturtevant, Chief Economist, Bright MLS:

There is still strong demand, as the large millennial population remains in the prime first-time homebuying range.”

Danielle Hale, Chief Economist, Realtor.com:

“Where we are right now is the best of both worlds. Price increases are slowing, which is good for buyers, and prices are still relatively high, which is good for sellers.

Skylar Olsen, Chief Economist, Zillow:

“There are slightly more homes for sale than this time last year, and there is still plenty of competition for well-priced houses. Buyers should prep their credit scores and sellers should prep their properties now, attractive listings are going pending in less than a month, and time on market will shrink in the weeks ahead.

Jiayi Xu, Economist, Realtor.com:

“While mortgage rates remain elevated, home shoppers who are looking to buy this spring could find more affordable homes on the market than they saw at the same time last year. Specifically, there were 20.6% more homes available for sale ranging between $200,000 and $350,000 in February 2024 than a year ago, surpassing growth in other price ranges.”

If you’re looking to sell, this spring might be your sweet spot because there just aren’t many homes on the market. Sure, inventory is rising, but it’s nowhere near enough to meet today’s buyer demand. That’s why they’re still selling so quickly.

If you’re looking to buy, the growing number of homes for sale this spring means you’ll have more choices than this time last year. But be prepared to move quickly since there’ll be plenty of competition with other buyers.

Bottom Line

No matter what you're planning, let’s team up to confidently navigate the busy spring housing market.

109 Properties
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Open 7/21
593 Crane Prairie WAY Osprey,  FL 34229
$729,000
Neighborhood: Willowbend Ph 4
4
Beds
3
Baths
2,340
Sq.Ft.
2005
Year Built
3
Days on Site
A4617437
MLS
$1,399,999
Neighborhood: Bishops Court At Oaks Preserve
4
Beds
4
Baths
3,541
Sq.Ft.
1997
Year Built
4
Days on Site
G5084149
MLS
$449,900
Neighborhood: Sorrento Shores
3
Beds
2
Baths
1,758
Sq.Ft.
1962
Year Built
4
Days on Site
A4617457
MLS
Open 7/20
280 Hidden Bay Dr #203 Osprey,  FL 34229
3
Beds
2
Baths
1,937
Sq.Ft.
2024
Year Built
5
Days on Site
A4606472
MLS
Open 7/20
280 Hidden Bay Dr #204 Osprey,  FL 34229
3
Beds
2F11/2
Baths
2,166
Sq.Ft.
2024
Year Built
5
Days on Site
A4606470
MLS
Open 7/20
280 Hidden Bay Dr #302 Osprey,  FL 34229
3
Beds
2
Baths
1,937
Sq.Ft.
2024
Year Built
5
Days on Site
A4606463
MLS
Open 7/21
1030 Scherer WAY Osprey,  FL 34229
$925,000
Neighborhood: Rivendell The Woodlands
4
Beds
3
Baths
2,433
Sq.Ft.
2003
Year Built
5
Days on Site
A4617081
MLS
$98,000
Neighborhood: Dry Slips @ Osprey Harbor Village
6
Days on Site
A4617108
MLS
$5,350,000
Neighborhood: Bay Acres - Resub
3
Beds
4F11/2
Baths
4,000
Sq.Ft.
2024
Year Built
6
Days on Site
N6133415
MLS
$429,900
Neighborhood: Bay Acres - Resub
2
Beds
2
Baths
1,346
Sq.Ft.
1963
Year Built
8
Days on Site
A4617047
MLS
Open 7/21
813 Oak Pond Dr Osprey,  FL 34229
$580,000
Neighborhood: Bay Oaks Estates
4
Beds
2
Baths
1,981
Sq.Ft.
1996
Year Built
9
Days on Site
A4616270
MLS
$95,000
Neighborhood: Dry Slips At Bellagio Village
45,244
Sq.Ft. Lot
2006
Year Built
10
Days on Site
A4616812
MLS

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