If you’ve been watching the market lately, you’ve probably noticed things are shifting. But what does that actually mean for you? Let’s take a look at what the experts are saying and how it could impact your plans here in the Greenbrier Valley.

What’s Happening with Home Prices?

There’s been a lot of talk about prices coming down. And yes, in some spots, they’ve dipped a little. But the idea that we’re heading for a big crash? That’s not what the data shows.

According to the National Association of Home Builders:

“House price growth slowed . . . partly due to a decline in demand and an increase in supply. Persistent high mortgage rates and increased inventory combined to ease upward pressure on house prices.  These factors signaled a cooling market, following rapid gains seen in previous years.”

Translation: things are cooling off, but not crashing.

Most experts still expect prices to rise a bit this year, on average about 1.5–2% nationally. That’s slower than the last few years, but it’s still growth. And in our local Lewisburg area, we’re seeing some neighborhoods stay steady while others adjust slightly.

Even where prices have dropped a little, the decline is small. Around -3.5% in some markets. That’s nowhere near the nearly 20% drop we saw during the 2008 crash.

And don’t forget: home values are still up significantly. Over the past five years, prices have climbed about 55% across the U.S. That’s a big leap and one small dip won’t erase those gains.

If you’re waiting for a major drop in home prices, you might be waiting for a while.

What About Mortgage Rates?

We know many buyers are hoping for lower rates. And we get it…higher rates affect what you can afford. But here’s the reality: Rates aren’t expected to fall much this year. In fact, most forecasts say they’ll stay right around where they are now…likely settling somewhere in the mid-6% range by the end of 2025.

According to Yahoo Finance:

“If you’re looking for a substantial interest rate drop in 2025, you’ll likely be left waiting.”

So if you’re putting your plans on hold hoping for a big drop, it might be time to rethink that strategy. Waiting might mean missing out on the right home or watching prices keep climbing while you hold out for a lower rate that doesn’t come.

If a move makes sense for your life right now, let’s talk through how to approach it wisely with today’s rates.

What Should Buyers and Sellers Do?

This market takes a little more planning and a little more perspective.

For sellers, pricing right and understanding local trends is key. For buyers, it’s about being ready and flexible, not just chasing the lowest rate or waiting for a better “deal” that may never show up.

We’re not seeing extreme shifts here in Lewisburg or across Greenbrier County. Instead, the market feels… A little steadier. A little more thoughtful. And that can be a good thing for everyone involved.

Let’s Build a Plan That Works for You

No matter where you are in the process, just starting to think about a move or actively searching, it helps to have a local expert keeping tabs on what’s really happening.

Let’s sit down and talk through your goals. We’ll walk you through the latest trends here in the Greenbrier Valley and build a strategy that fits your timeline, your budget, and your life.

Whether it’s buying, selling, or both…we’re here to guide you home.

About Byron & Kerry:
Byron Rausenberger and Kerry Baldwin are experienced real estate agents based in Lewisburg, West Virginia, serving clients across the Greenbrier Valley, including Greenbrier, Monroe, and Summers Counties. Whether you’re buying your first home, selling property, or relocating to the area, Byron and Kerry offer local expertise, personalized service, and smart real estate strategies to guide you every step of the way.

They specialize in residential homes, land, farms, and investment properties and are known for their community-focused approach, professional marketing, and in-depth knowledge of the West Virginia real estate market.

📍 Serving Lewisburg, WV and surrounding counties
🌐 livinginlewisburgwv.com
📲 Byron: 757-871-3165 | @byronsellshouses
📲 Kerry: 304-503-3445 | @yourwestvirginiahome

Find home. Sell smart. Live local with Byron & Kerry, your Lewisburg WV real estate experts.