A years-long slump in home sales could soon come to an end, with mortgage rates dropping below 6% and home inventory increasing, according to Leo Pareja, CEO of real estate brokerage giant eXp Realty.
In a recent interview, Pareja expressed a “cautiously optimistic” outlook for the housing market in 2025, predicting a 10% rise in home sales, significantly higher than the forecast of just 1.5% growth.
Pareja believes that a combination of increased home inventory and rising housing demand will drive sales up. However, the future of home prices remains uncertain. It predicts that national home prices will rise by 3.7%, aligning with the growth rate seen since 2012.
Moreover, also forecasted price and sales growth for the top 100 largest real estate markets in the U.S. Florida leads the way, with nine of the top 25 markets expected to experience the most significant price appreciation in 2025.
Here are 16 U.S. cities where home prices are predicted to experience double-digit growth next year, based on Realtor projections:
Phoenix, Arizona
2025 Price Growth: 13.2%
2025 Sales Growth: 12.2%
Colorado Springs, Colorado
2025 Price Growth: 12.7%
2025 Sales Growth: 27.1%
Tucson, Arizona
2025 Price Growth: 12.4%
2025 Sales Growth: 12.5%
Boise City, Idaho
2025 Price Growth: 12.3%
2025 Sales Growth: 5.5%
Las Vegas, Nevada
2025 Price Growth: 12.3%
2025 Sales Growth: 5.5%
Orlando, Florida
2025 Price Growth: 12.1%
2025 Sales Growth: 15.2%
Ogden, Utah
2025 Price Growth: 11.8%
2025 Sales Growth: 9.1%
Tampa, Florida
2025 Price Growth: 11.8%
2025 Sales Growth: 2.2%
Deltona/Daytona Beach, Florida
2025 Price Growth: 11.5%
2025 Sales Growth: 7.2%
Memphis, Tennessee
2025 Price Growth: 10.5%
2025 Sales Growth: 8.3%
Sarasota, Florida
2025 Price Growth: 10.5%
2025 Sales Growth: 8.3%
Lakeland, Florida
2025 Price Growth: 10.3%
2025 Sales Growth: 10.6%
Atlanta, Georgia
2025 Price Growth: 10.2%
2025 Sales Growth: 14.5%
Austin, Texas
2025 Price Growth: 10.2%
2025 Sales Growth: 14.5%
Durham, North Carolina
2025 Price Growth: 10.1%
2025 Sales Growth: 14.1%
These cities are leading the charge in expected home price and sales growth for 2025, marking a strong recovery in the housing market.
