4 Things To Expect from the Spring Housing Market – Insights from The Ferrell Group

1. More Homes for Sale

Inventory is on the rise, and that’s great news. According to Realtor.com, active listings are up 27.5% compared to this time last year.

Buyers: With more homes for sale in Cookeville, you have more options and can take the time to find the perfect fit.

Sellers: Even though inventory is improving, it’s still below pre-pandemic levels—meaning your home will likely stand out. A well-priced listing is in high demand.

2. Home Price Growth Is Slowing

Home prices are still increasing, but at a slower pace. Freddie Mac reports that the pace of appreciation is expected to moderate throughout 2025.

Buyers: Slower price growth makes homes more affordable now than in recent years. A great time to build long-term equity.

Sellers: Pricing right is key. Use tools like a sell my house calculator or work with The Ferrell Group to determine your home’s current value in this balanced market.

3. Mortgage Rates Are Stabilizing

After months of unpredictable changes, mortgage rates are finally starting to settle.

Buyers: Stable rates make it easier to plan ahead and stick to your budget. Work closely with your lender and your Cookeville real estate agents to stay informed.

Sellers: Lower, steady rates encourage more buyers to take action—driving up demand for your property.

4. More Buyers Are Returning

As conditions improve, more buyers are re-entering the market. The Mortgage Bankers Association has already seen an increase in applications.

Buyers: Now is the time to act before competition rises even more.

Sellers: More active buyers mean a better chance to sell quickly and potentially for top dollar.

Bottom Line

The spring housing market is full of opportunity. Whether you’re searching for homes for sale in Cookeville, TN or ready to list your property, The Ferrell Group is here to guide you with local expertise and trusted insight.

Ready to take the next step? Contact The Ferrell Group today and let us help you navigate real estate in Cookeville, TN with confidence!