Spring into the Housing Market
National and Local Real Estate Trends – Week Ending April 18, 2025
By Gemma Peterson | Florida Home & Loans Inc.
Hello, friends!
Spring has officially sprung in Florida, and with it comes a surge in real estate activity. Whether you're buying your first home, upgrading, or just keeping an eye on the market, this week's real estate news brings helpful updates—from mortgage rate changes to local housing trends in Merritt Island. Let’s dive in!
🌸 Spring into the Housing Market
Spring Real Estate Trends 2025
Spring is historically one of the best times to buy or sell a home, and this year is no exception. Warmer weather, longer days, and fresh inventory are motivating buyers to get out and explore the market. With new listings on the rise, this is the ideal time to start your home search in Florida. I’d love to connect and talk about your homeownership goals this season!
📉 Mortgage Rate Update – April 2025
Are Mortgage Rates Going Up or Down?
After a period of economic uncertainty—including tariff talks and global supply chain concerns—interest rates spiked, with the average 30-year mortgage rate jumping from 6.60% to 7.07%. Fortunately, there’s been a slight pullback as new tariffs were delayed (excluding China), bringing a bit of stability to the lending environment. [Source: Mortgage News Daily]
If you're wondering whether now is the right time to lock in a rate, I’m happy to help you weigh your options!
🛠️ Tariffs Driving New Home Costs Higher
How Global Economics Affect New Construction
Builder confidence is cautiously improving, but rising material costs are a concern. According to the National Association of Home Builders (NAHB), 60% of suppliers have already increased prices by an average of 6.3%—which could add around $10,000 to the cost of a new construction home. The outlook for new home builds dipped slightly, signaling continued volatility. [Source: NAHB]
📍 Merritt Island Real Estate Market Update
Local Real Estate Trends – April 2025
Thinking about buying or selling in Merritt Island? Here's a quick snapshot of the local housing market as of April 18, 2025:
| Location | Median Home Price | Active Listings | New Listings (5 Days) | Median Days on Market |
|---|---|---|---|---|
| Merritt Island, FL | $539,450 | 322 | 24 | 48 |
Month-over-month trends (March → April):
-
Median Price: ↔ No significant change
-
Active Listings: ⬆️ Slight increase (+0.1%)
-
Days on Market: ⬇️ Minor drop (-0.2%)
The market remains steady, with stable pricing and a consistent flow of new listings. Whether you're looking to list your home or explore available properties, I can guide you every step of the way.
🏡 Let’s Talk Real Estate
If you have questions about this week's market news or want a personalized update on the Florida real estate market, I’m just a call or email away!
📞 407-242-7758
📧 gemma@flhomeandloan.com
Helping buyers and sellers across Florida navigate the market with confidence.
Gemma Peterson
Florida Home & Loans Inc
License #2121526
Equal Housing Opportunity
©ListReports 2025 – Data sourced from third-party providers. Accuracy not guaranteed.
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