Why Spring 2025 Will Be Different Than Other Spring Markets in Real Estate

Spring has always been a pivotal season in real estate—especially here in San Mateo County. It’s the time when the market traditionally heats up, with more homes hitting the market and more buyers actively searching. But this year, Spring 2025 isn’t following the usual script. Several key factors are converging to create a market that looks and feels different from what we’ve seen in recent years.

One of the most notable shifts is in inventory levels. For the first time in five years, we’re seeing a meaningful increase in the number of homes available this early in the season. This is welcome news for buyers who have been navigating low-inventory conditions for far too long. With more options to choose from, buyers have a greater chance of finding a home that fits their needs. On the flip side, sellers need to be more strategic—more inventory means more competition, and standing out is more important than ever.

Mortgage rates are another major player in this spring’s market. After a period of rapid increases and uncertainty, rates have begun to stabilize. This shift is giving buyers more confidence in their long-term affordability and is prompting many who were on the sidelines to re-enter the market. Confidence is key—when buyers feel secure in their financial position, they’re more likely to make competitive offers and move forward with transactions.

However, the broader economy is still sending mixed signals. Stock market volatility continues to affect both buying power and sentiment. For many buyers, especially those who rely on stock portfolios for down payments or income verification, market fluctuations can cause hesitation. But others see this as a window of opportunity—purchasing a home before increased buyer activity pushes prices up again.

Even with these shifting dynamics, one thing hasn’t changed: the competitive nature of San Mateo County real estate. Well-priced homes in desirable locations are still attracting multiple offers, often within days. It’s a reminder that while buyers may have more to choose from, the best homes still move quickly—and usually above asking price.

So, what does this all mean for you?

If you’re a buyer, this spring offers a unique combination of increased inventory and renewed confidence thanks to more stable rates. But acting quickly and being prepared are still essential. Work with an experienced agent who knows how to navigate competitive scenarios and can help you craft strong offers.

If you’re a seller, don’t let the increase in listings intimidate you. With the right pricing, marketing strategy, and presentation, your home can still stand out and attract serious buyers. In fact, buyers who have been waiting for more choices are now eager to jump in—and your home might be exactly what they’ve been hoping for.

Spring 2025 is shaping up to be a dynamic and nuanced market. Understanding these evolving conditions can make all the difference. Whether you're buying or selling, staying informed and working with the right team will help you make the most of this season.

Thinking of making a move this spring? Let’s talk strategy. Whether you’re buying, selling, or just exploring your options, I'm here to help you navigate the market with confidence.Let’s connect and talk about how homeownership can benefit you in today’s market! Email me at kevin@pickettrealestategroup.com or call me at 415.283.7919 

San Mateo County Rolling 3-Month Data

Below, our data is based on averages for Single-family homes in San Mateo County over the last 90 days (December 2024 to February 2025). This data was gathered on March 4, 2025. 

San Mateo County Market Report

Thinking of selling? 

I'd love to discuss your home's value and positioning in the current market. Call or text Kevin at 415.283.7919 or email Kevin at Kevin@PickettRealEstateGroup.com