Spring Home-Buying Season 2025: What to Expect and How to Prepare

Spring is here—and so is the busiest season in real estate. Whether you're a first-time buyer or thinking about making a move, this year’s market brings new opportunities, along with some important things to keep in mind. From interest rates to inventory trends, we’ve gathered the latest insights and practical tips to help you prepare.

What’s the Spring Housing Market Looking Like?

As the season gets underway, buyers may find themselves with a bit of breathing room. Across much of the country, there are more homes to choose from and slightly more time to make a decision. That’s a welcome shift for anyone who’s been struggling to find “the one.”

Right now, the market feels relatively balanced between buyers and sellers. But that could change quickly as activity picks up, so staying ready is key.

When Does the Spring Buying Season Start?

Most sellers list their homes between March and early June, creating a surge in available homes just as many buyers enter the market. This seasonal overlap makes spring the most active time for real estate transactions.

Families with children often time their moves to align with the school calendar, and warmer weather motivates homeowners to list.

Will There Be Less Competition?

Real estate is always seasonal, but it’s also influenced by mortgage rates. When rates dip, more buyers jump in. When they rise, some pull back.

Your level of competition will also depend on your local market and whether you’re in a buyer’s or seller’s territory. Well-priced homes—especially in popular neighborhoods—can still spark bidding wars even in a balanced market. In February, homes nationally went under contract in just 23 days on average.

Will There Be More Affordable Homes?

It depends on your budget and where you're looking. But overall, inventory is on the rise this spring.

In February 2025, the number of homes for sale reached 1.04 million—the highest February level since 2020 and a 15% increase from last year. That means more options for buyers, though available inventory still falls short of pre-pandemic levels.

Some markets, especially in the West and South, are seeing the biggest jumps in available homes.

Where Are New Listings Increasing?

New listings rose 2.8% in February from the previous month. However, they’re still down 4.7% compared to this time last year, which suggests that many homeowners are still hesitant to list.

That said, regions like the West and Southwest are seeing faster increases, likely due to new construction freeing up more inventory. Meanwhile, the Midwest, Northeast, and Florida have seen steeper declines in new listings, potentially due to rising home prices or higher insurance costs.

What’s the Outlook on Interest Rates?

Mortgage rates continue to bounce around, and while they trended down in early March, forecasts suggest they’ll stay higher for longer. Economists predict rates may end the year near 6.4%.

Even small changes in rates can significantly impact your monthly mortgage payment, so keeping an eye on the market—and being prepared to act when conditions are right—can make a big difference.

How to Prepare to Buy a Home This Spring

Here are five smart ways to get ahead this season:

1. Strengthen Your Credit Score

A strong credit score helps you qualify for a mortgage and secure a better interest rate. Most loans require a minimum FICO score of 620.

2. Get Pre-Approved

Pre-approval shows sellers you’re serious and gives you a clear understanding of what you can afford. It also speeds up the process when you’re ready to make an offer.

3. Work With a Local Real Estate Agent

An experienced agent can help you navigate your local market, whether it’s leaning toward buyers or sellers. They’ll also help you craft a competitive strategy.

4. Shop Within Your Budget

Stick to homes that fit your financial picture. Staying within your price range helps avoid stress down the line and ensures a more stable investment.

5. Educate Yourself on the Process

Understanding mortgage terms, inspections, appraisals, and closing costs can make the entire experience smoother and less overwhelming.

Let’s Make Your Home Happen

If you’re thinking about buying a home this spring, BankFirst is here to help you every step of the way. From personalized mortgage support to financial education, we’re committed to making your journey easier and more empowering.

Ready to take the next step?
Connect with a BankFirst Mortgage Lender today!

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.