Charlottesville, VA (CVILLE RIGHT NOW) – Quinton Beckham of KW Alliance returned to Cville Right Now Live this week, offering insights into the housing market for 2025. Beckham discussed key challenges buyers and sellers will face this year, including inventory shortages, high prices, mortgage rates, and economic uncertainty. 

“Inventory is the first hurdle,” Beckham explained, comparing the limited housing supply to empty grocery shelves. He noted that the shortage is driven by homeowners holding onto low-interest mortgages, making them hesitant to sell and re-enter the market at higher rates. Beckham expressed hope that as homeowners grow more accustomed to the current rate environment and housing demands remain strong, more properties might come onto the market, easing the strain for buyers. 

Beckham also noted a shift in buyer behavior since the pandemic frenzy, with people now more willing to accept the market’s realities and make their moves. He emphasized that timing will be critical, with spring shaping up to be a pivotal season for the local housing market. 

Looking ahead, Beckham encouraged both buyers and sellers to seek guidance from experienced agents to navigate the complexities of today’s market. 

Listen here for the full conversation: