Thinking about buying a home in Maryland? Learn whether it’s smarter to buy now or wait until 2025 — with expert insight on interest rates, home prices, and the Maryland housing market forecast.
The question many Maryland buyers are asking right now is: Should I buy a home now or wait until 2025?
With interest rates shifting, home prices still rising, and inventory tight, timing the market can feel confusing. Here’s what local buyers should know before making a move.
1. Interest Rates Are Beginning to Stabilize
After several years of sharp increases, mortgage rates are finally showing signs of stability. Most housing experts predict mild improvement heading into 2025, but not a dramatic drop.
Waiting for the “perfect” rate may not pay off. Even a small rate decrease in 2025 could be offset by higher home prices or more competition.
💡 If you buy now and rates improve later, refinancing can lower your payment — and you’ll already be building equity.
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2. Maryland Home Prices Continue to Climb
Across much of Maryland — from Anne Arundel to Howard and Baltimore County — prices are still rising due to limited housing inventory. Many homeowners with low mortgage rates are staying put, which keeps supply low and prices strong.
Waiting could cost more.
If prices increase just 4% next year, a $450,000 home could cost nearly $18,000 more by mid-2025.
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3. Buying Power Depends on More Than Interest Rates
While interest rates matter, your overall financial picture is even more important. Factors like your credit score, income, down payment, and debt-to-income ratio determine your real buying power.
If you’re financially ready now — steady income, manageable debt, and savings for closing costs — waiting might only delay your opportunity to start building wealth through homeownership.
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4. The 2025 Market Will Reward Prepared Buyers
Analysts predict that 2025 will bring more listings and slightly lower rates — but also more competition as buyers who paused their searches jump back in.
Those who get pre-approved, understand their local market, and partner with an experienced REALTOR® will have the advantage when inventory expands.
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5. The Bottom Line
There’s no one-size-fits-all answer. The best time to buy a house is when it makes sense for you.
If you find a home that fits your lifestyle and budget today, waiting may cost more than it saves. But if you’re still preparing financially, use the coming months to improve your credit, boost savings, and get pre-approved so you’re ready to act when the right opportunity comes along.
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Let’s Talk About Your Next Move
If you’re debating whether to buy now or wait until 2025, I can help you look at the numbers and decide what’s best for your personal situation. Every buyer’s path is different — and a short conversation can help you move forward confidently.
📞 Nick Johnson, REALTOR®
Hyatt & Company Real Estate
📱 443-676-4097 | 🌐 www.nickjsellshomes.com
“I’m never too busy for your referrals.”