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.

115 Properties
Page 1 of 10
$1,050,000
Neighborhood: Baypointe Vista 1
3
Beds
3
Baths
2,100
Sq.Ft.
1997
Year Built
5
Days on Site
A4606868
MLS
$292,000
Neighborhood: Pine Run Ii
2
Beds
2
Baths
1,223
Sq.Ft.
1979
Year Built
6
Days on Site
A4606661
MLS
$585,000
Neighborhood: Sorrento Villas 1
2
Beds
2
Baths
1,411
Sq.Ft.
1967
Year Built
7
Days on Site
A4605847
MLS
$1,340,000
Neighborhood: Meridian At The Oaks Preserve
3
Beds
3
Baths
2,680
Sq.Ft.
2006
Year Built
7
Days on Site
A4604118
MLS
3
Beds
2
Baths
1,937
Sq.Ft.
2023
Year Built
8
Days on Site
A4606472
MLS
3
Beds
2
Baths
1,937
Sq.Ft.
2023
Year Built
8
Days on Site
A4606463
MLS
3
Beds
2F11/2
Baths
2,166
Sq.Ft.
2023
Year Built
8
Days on Site
A4606470
MLS
Open 4/19
140 N Casey Key Rd Osprey,  FL 34229
$3,400,000
Neighborhood: Acreage & Unrec
3
Beds
3F11/2
Baths
2,473
Sq.Ft.
1985
Year Built
13
Days on Site
T3505796
MLS
$965,000
Neighborhood: Southbay Yacht & Racquet Club
3
Beds
2
Baths
2,015
Sq.Ft.
1986
Year Built
15
Days on Site
A4605059
MLS
$720,000
Neighborhood: Bishopscourt Townhomes
2
Beds
2F11/2
Baths
1,890
Sq.Ft.
1984
Year Built
15
Days on Site
A4604767
MLS
$925,000
Neighborhood: Sorrento Shores
3
Beds
3
Baths
2,564
Sq.Ft.
1971
Year Built
15
Days on Site
A4593029
MLS
$235,000
Neighborhood: Osprey Park
2
Beds
1
Baths
630
Sq.Ft.
1950
Year Built
15
Days on Site
A4589305
MLS

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