Interest rates continue to play a major role in the 2025 housing market—and sellers and buyers alike are watching closely. If you're planning to sell, it’s important to understand how today’s rates may affect pricing, demand, and timing.
After a few years of rising rates, 2025 has brought some stabilization. As of this spring, most buyers are seeing mortgage rates in the mid-to-high 6% range, depending on their credit and loan type. While that’s still higher than the historic lows of 2020–2021, it’s more manageable than the peaks we saw in 2023–2024.
Buyers are adjusting their expectations. Many are expanding their search areas, lowering their budgets, or waiting for the “right” home before making a move. Homes that are priced well and show well are still selling quickly—but buyers are less likely to overbid or rush without thinking.
For sellers, the key is understanding that today's buyers are more cautious and budget-conscious. Pricing your home correctly from the start and offering a polished presentation will go a long way. The good news? Inventory remains tight, so demand is still steady—especially for updated homes in sought-after neighborhoods like Bonney Lake, Lake Tapps, and Sumner.
Some economists expect small rate drops later in the year, while others think current levels will hold. Either way, the days of ultra-low interest rates are behind us—for now. If you're waiting for a big drop to list your home, you may end up waiting longer than expected.
Selling in a higher-rate environment is still very doable—especially with the right agent and marketing strategy. It’s about positioning your home in a way that gives buyers confidence and perceived value.
Despite national headlines, Pierce County continues to perform well—especially in East Pierce communities where demand remains consistent. Homes that are staged, priced right, and well-marketed are still seeing strong activity.
