Kathy Hamilton - EXP Realty

Mesquite Real Estate Market Update
November–December 2025
Sales Activity Is Holding Steady
December saw an increase in closed sales compared to November, especially in the single-family home market. Buyers are still moving forward, even with more choices available.
Prices Are Stable
Home prices are holding within a narrow range, showing stability rather than rapid appreciation or sharp declines. This is a sign of a healthier, more predictable market.
Inventory Is Up — Timing Matters
More homes are on the market, and properties are taking longer to sell. This gives buyers more breathing room and negotiation power, while sellers need to be more strategic with pricing and presentation.
What Sellers Are Seeing
Homes are selling for about 96–97% of list price. Well-priced homes are selling; overpriced homes are sitting longer and often requiring price adjustments.
What This Means for You
Mesquite has shifted into a balanced, slightly buyer-leaning market. Buyers have more options and leverage, and sellers who price realistically and prepare their homes properly are still achieving successful results.
Bottom Line: This isn’t a wait-and-see market — it’s a strategy-driven one. Whether you’re buying or selling, understanding pricing, timing, and local trends makes all the difference.

Washington County Market Update

Mortgage rates have dipped to around 6.06%, the lowest we’ve seen in over three years—and buyer activity is responding.

Here’s what the latest data shows for Washington County:

• Median Sales Price:
November: $486,000
December: $463,000
A typical seasonal dip, while prices remain higher than this time last year.

• Homes Sold:
November: 457
December: 531
More closings in December, showing buyers are still moving forward.

• Days on Market:
November: 55 days
December: 64 days
Homes are taking a bit longer to sell, making pricing and presentation more important than ever.

• List Price Received:
Sellers are averaging 97–98% of list price when homes are priced correctly.

What this means:
Washington County is settling into a balanced market. Buyers have more options, and sellers who price strategically are still seeing strong results.

If you’d like to know what this market means for your home or plans in 2026, I’m always happy to help—no pressure, just clear information.

Why 2026 Could Be the Year Homeownership Becomes More Affordable

For many buyers, the past few years have made homeownership feel frustratingly out of reach. Rising home prices, higher interest rates, and limited inventory forced many would-be buyers to pause their plans. But according to housing experts, 2026 could mark a major shift in the real estate market—and a renewed opportunity for buyers.

New data from the National Association of Realtors (NAR), Freddie Mac, and market analysts suggests conditions may finally begin to balance in favor of buyers.

More Homes Coming to the Market

One of the biggest challenges buyers faced in recent years was a lack of available homes. That’s starting to change.

Housing experts report that inventory is gradually increasing, giving buyers more choices and reducing the intense competition seen during peak seller’s markets. When inventory rises and demand remains steady or slows slightly, buyers gain leverage—more negotiating power, fewer bidding wars, and better overall terms.

According to Lawrence Yun, Chief Economist at the National Association of Realtors, increased inventory could be a key factor in making homes more attainable in 2026.

Home Prices Are Showing Signs of Stabilizing

While prices remain high compared to historical averages, there are early signs of stabilization.

Recent data shows the median existing home sale price dipped slightly month-over-month, signaling that prices may be leveling off instead of continuing rapid growth. While this doesn’t mean prices will drop dramatically, it does suggest buyers may face less upward pressure than in previous years.

A more stable pricing environment allows buyers to plan more confidently—and avoid feeling rushed into overpaying.

Mortgage Rates Are Easing

Interest rates have been another major obstacle for buyers. The good news? Mortgage rates are slowly trending downward.

According to Freddie Mac, the average 30-year fixed-rate mortgage recently dropped to around 6.15%. Even small reductions can make a meaningful difference. A quarter-point decrease in interest rates can save buyers approximately $50 per month—or $600 per year.

Lower rates improve affordability by reducing monthly payments and increasing purchasing power, especially for first-time buyers.

Buyer Preparation Will Matter More Than Ever

Even with improving conditions, homes are still selling relatively quickly. On average, homes are moving from listing to contract in about 40 days. This means buyers must be prepared to act when the right opportunity appears.

Experts recommend buyers take the following steps now:

Set a realistic home-buying budget

Save for a down payment and closing costs

Check and improve credit scores

Get pre-approved for a mortgage

Avoid taking on new debt before buying

Preparation is what separates successful buyers from those who miss out—even in a more balanced market.

Why Local Market Knowledge Is Critical

National headlines don’t always reflect what’s happening locally. Market conditions can vary significantly by city, neighborhood, and price range.

Working with a local real estate expert helps buyers:

Understand true local inventory levels

Identify well-priced homes

Navigate negotiations strategically

Act quickly and confidently when opportunities arise

Local insight is often the difference between finding the right home—or watching it slip away.

The Bottom Line

While no one can predict the market with absolute certainty, 2026 is shaping up to be a year of renewed opportunity for buyers. Rising inventory, easing mortgage rates, and stabilizing prices could finally create conditions that make homeownership more achievable.

Buyers who prepare early—and stay informed—will be in the strongest position to take advantage of these changes.

Thinking About Buying in 2026?

If you’re considering buying a home and want to understand what the market looks like locally, now is the time to start planning. Preparation today can turn your homeownership goals into reality tomorrow.

Reach out to a trusted local real estate professional to discuss your options and create a smart buying strategy. Call me now!