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If you've been sitting on the sidelines waiting for home prices to drop, you're definitely not alone. With mortgage rates that seemed stuck in the stratosphere and headlines about cooling markets, many potential buyers have been playing the waiting game. But is that strategy actually working out in 2025? Let's dive into the real numbers and see what the market data is telling us, because the answer might surprise you. The Market Reality Check: What's Actually Happening Here's the thing about waiting for dramatic price drops: it's a bit like waiting for that perfect Florida weather day when it's 75 degrees with zero humidity. Sure, it happens, but you might be waiting a while. The latest data from 2025 paints a picture that's more nuanced than the simple "prices will crash" narrative. According to J.P. Morgan's analysis, our housing market is likely to stay pretty frozen through 2025, with growth expected at 3% or less. That's not the dramatic correction some folks have been hoping for, it's more like watching paint dry. Meanwhile, Redfin reports that home buyer demand is down 14% compared to last year. You'd think that would mean sellers are slashing prices left and right, but here's where it gets interesting: while nearly 20% of listings include price cuts, the national median list price is still holding steady at $425,000.

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