🏡 5 Questions Buyers Are Asking in 2025—and What They Mean for Maryland

With interest rates fluctuating, inventory rising, and market headlines shifting daily, buyers across Maryland are asking:
“Should I buy now—or wait?”
“Are prices going to fall?”
“Is it even a good time to buy in 2025?”

These are smart questions—and in this post, we’re breaking down what buyers like you are asking right now and offering straight answers based on what’s happening locally and nationally.

1. 📉 Will Home Prices Drop in 2025?
Let’s start with the big one. While national prices have leveled out a bit, they’re not dropping in most places—and certainly not in most parts of Maryland.

In Anne Arundel, Calvert, and Prince George’s Counties, prices have remained resilient due to limited inventory and ongoing demand from D.C. commuters and military families.

Some outer rural areas may see modest corrections, but don’t count on any crash.

According to CoreLogic and Redfin data, we’re looking at a 2–4% appreciation nationally—and Maryland typically trends slightly higher due to location and economic stability.

BOTTOM LINE:
If you’re waiting for a big drop in prices, you may be waiting a long time—and paying more when the market heats up again.

2. 📊 Are Interest Rates Going to Drop Anytime Soon?
Rates have cooled from 2023’s peak but remain in the 6.75–7.25% range. Experts expect gradual decreases only if inflation continues to trend downward. But a return to sub-4% rates? That’s highly unlikely.

Also, consider this:
When rates drop, demand skyrockets—leading to bidding wars, higher prices, and fewer seller concessions.

BOTTOM LINE:
Rather than waiting and facing more competition, some buyers are choosing to buy now at a discount and refinance later.

3. 🏠 Is It a Buyer’s or Seller’s Market Right Now?
We’re currently in a transitional market. Technically, inventory is increasing, giving buyers more leverage—but homes in great condition are still moving fast.

Maryland is split:

Baltimore City & Charles County: Buyers have more room to negotiate.

Annapolis, Severna Park, and Bowie: Still competitive with low inventory.

Pro Tip:
This is a golden opportunity to negotiate closing cost help, repairs, or rate buydowns—something that was rare just two years ago.

4. ⏳ Should I Wait for a Better Deal?
Many buyers assume waiting means saving money—but let’s run some real numbers:

Yes, your payment is slightly lower—but you just paid $22,500 more and may need to offer above list price with fewer contingencies.

Scenario                                              Rate              Price           Est. Monthly (P&I)
Buy Now                                          6.75%       $450,000             $2,920
Wait (prices rise 5%, rates fall)    5.75%       $472,500              $2,900

BOTTOM LINE:
Waiting may not lead to savings—especially when you factor in taxes, insurance, and increased competition.

5. 🧾 How Do I Even Start the Homebuying Process?

Here’s the roadmap:

Talk to a lender and get pre-approved. This gives you clarity on your budget and shows sellers you’re serious.

Find a local expert (like me!) who knows your market, your price point, and the areas that fit your lifestyle.

Get clear on your priorities—is it location, square footage, or school districts? Knowing this will help streamline your search.

Understand the market reality. Let data—not emotions or clickbait headlines—guide your timing.

🗝️ Bonus Questions I’ve Been Getting from Maryland Buyers
“Is it still worth buying if I plan to move in a few years?”
→ Yes, especially if you can rent the home later or build equity fast in a high-growth area.

“Can I use a VA loan or down payment assistance in today’s market?”
→ Absolutely. VA loans are a powerful tool in our region, and Maryland offers several grant programs for first-time buyers.

“Are sellers still offering help with closing costs?”
→ More than ever—especially if your agent knows how to position your offer.

💬 Final Thought: This Market Rewards the Educated Buyer
It’s not 2020 anymore. And it’s not a bubble, either. It’s a market in motion—and those who move with confidence and clarity are winning.

If you’re buying in Maryland in 2025, your best move is to:
✅ Get informed
✅ Get pre-approved
✅ Work with a local expert
✅ Act when the numbers make sense

Want to talk through your goals?
Whether you’re just exploring or ready to tour homes, I’d be happy to help you map out your best next step.
Let’s chat—no pressure, just straight answers.

Sean Tavalozzi ~ Realtor
Keller Williams Flagship of Maryland
Danmar Properties Group
Personal Cell: 203-233-8445
Main KW Office: 410-729-7700
Work Phone: 301-945-8697