📉 Home Sales Could Sink to a 30-Year Low — What It Means for Buyers in 2025

Neil Caron
Aug 2
2 min read

August 2, 2025 | Market Trends | Presented by ReadySetLoan™

The latest midyear housing forecast is out, and it’s delivering a loud message: we may be headed for the lowest number of existing-home sales in three decades. According to Fannie Mae’s updated projection, only 4.82 million existing homes are expected to sell in 2025—down from 4.94 million in 2024 and below even the depths of the 2008 housing crisis.

At ReadySetLoan™, we’re breaking down what this historic slowdown means for buyers, sellers, and anyone navigating today’s real estate landscape.

Why Are Sales So Low?

Despite strong employment and rising wages, the real estate market remains stuck in a holding pattern. The culprit? Interest rate lock-in. Homeowners who snagged ultra-low mortgage rates during the pandemic have little incentive to sell, and they’re staying put. That means less inventory for buyers, fewer transactions overall, and increased competition for the few homes that do hit the market.

And while new home construction has helped bridge the gap, new home sales can’t fully offset the drop in existing home sales—especially in tight markets like Connecticut.

🎯 RSL Perspective: It's Not All Bad News

While the slowdown in home sales might sound ominous, it also presents unique opportunities for savvy homebuyers:

🐷 RSL Piggy Points™

Less Competition = Better Deals: With fewer buyers making offers, sellers may be more willing to negotiate.
Builders Are Offering Incentives: In some areas, new homebuilders are offering rate buydowns or closing cost credits.
Creative Loan Solutions Can Help: Programs like temporary rate buydowns, adjustable-rate mortgages, or renovation loans can make purchasing more affordable even with today’s rates.

👉 Not sure which strategy works for you? Let ReadySetLoan™ be your guide through it all.

📍What This Means for Connecticut Buyers

In Connecticut, where housing demand remains high and inventory remains low, this national trend could further intensify local competition. That’s why it’s more important than ever to be pre-approved, well-informed, and ready to act when the right home comes along.

🎤 Neil’s Take

“We’re seeing buyers who are tired of sitting on the sidelines. Even with low inventory, they’re realizing that waiting for the ‘perfect moment’ can mean missing out altogether,” says Neil Caron, Area Sales Manager at CMG Mortgage. “Smart buyers are partnering with advisors like ReadySetLoan™ to uncover loan programs that help them buy now—without regret later.”

Let's Make It Happen

🏁 Whether you're gearing up to buy your first home or strategizing your next move, ReadySetLoan™ is your trusted partner in this market. We help you navigate uncertainty with education-first guidance, customized strategies, and the confidence to cross the finish line.

📲 Ready to stop watching from the sidelines?

Visit ReadySetLoan.com and let’s get started today.