🏡 Should I Buy a House in 2025? [Redfin Report Breakdown + Boise Market Insight]

Sarah Breck
Jun 26
3 min read

Updated: Jun 26

The real estate market is shifting—again. And if you're wondering, "Should I buy a house in 2025?", you're not alone. According to Redfin’s June 2025 housing report, buyers finally have more power—but that doesn’t mean the decision is simple.

Here’s what’s happening nationally, what it means for us here in Boise, and how to know if now’s the right time for you to take the leap.

📊 National Housing Market Snapshot – June 2025

According to Redfin, the U.S. housing market has taken a dramatic turn in favor of buyers for the first time in years.

There are 500,000 more home sellers than buyers—the widest gap on record
Median U.S. sale price: $442,000, up 0.9% year-over-year
Mortgage rates: Hovering around 6.95%, with no big drops expected soon
Buyer demand: Still low, despite higher inventory levels

Redfin's Chief Economist, Daryl Fairweather, put it simply:

“Now is a good time to buy—if you can afford it. The market favors buyers, but economic volatility means you need to be confident in your finances and future income.”

📉 Are Home Prices Dropping?

Home prices are high—but they may not stay that way.

Redfin reports that housing inventory is at a five-year high, which is putting downward pressure on prices. They’re predicting a slight price drop before the end of the year, which would be the first since 2023.

Translation: If you’re financially ready, buying before the market picks back up could save you money and avoid bidding wars.

💸 Mortgage Rates: High and Unpredictable

Let’s talk interest rates. As of early June 2025, the national average for a 30-year fixed mortgage is 6.95%.

Redfin economists say rates will likely stay between 6–7% this year, due to:

Inflation concerns
Economic uncertainty
Tariff-related volatility

Tip for buyers: Ask lenders about “float-down” options, which let you lock in a rate now, but benefit from drops later.

✅ Why Buyers Have the Upper Hand in 2025

After years of seller-dominated markets, buyers are finally gaining negotiating power.

Here’s why:

Inventory is surging in many regions
Sale prices are increasingly coming in below asking
Seller concessions (like closing cost credits and repairs) are back on the table

It’s a great time to shop—if you’re ready.

📍 Boise Housing Market Update – June 2025

So, what does all this mean if you're buying a home in Boise?

We're seeing:

More listings across Ada and Canyon counties
Longer days on market for many homes
Buyers getting offers accepted below asking—sometimes with closing cost credits

While we’re not experiencing a full price drop just yet, we are seeing softening, especially in homes that were overpriced during the peak frenzy of 2021–2022.

🔎 Should I Buy a House in 2025?

This is the big question—and the answer depends on you.

Ask yourself:

Is my job and income stable?
Do I have an emergency fund (3–6 months of expenses)?
Am I ready for the responsibilities of homeownership?
Do I plan to stay in the area for at least 3–5 years?

✅ If you answered yes, this could be a great time to buy with less competition and more negotiating power.❌ If not, don’t rush it. Renting while you save and prepare is still a smart move in 2025.

🎯 Final Thoughts: Be Ready, Not Rushed

This market favors prepared buyers—not panicked ones.

Take time to:

Get pre-approved
Know your monthly budget with current rates
Understand your non-negotiables in a home
And work with a local agent (👋 hey, that’s me!) who can help you spot the best deals in real time

📥 Free Buyer Resources

Thinking about buying this year? Get the tools you need to make smart moves:

Let’s make a plan—whether you’re buying in Boise now, next season, or just exploring your options.

Sarah Breck – Boise Real Estate Agent | Helping first-time buyers and out-of-state relocators navigate the Treasure Valley housing market with clarity (and a little humor).