The U.S. real estate landscape is gradually softening, giving buyers more breathing room than they’ve had in recent years. Mortgage rates have eased compared to 2024, listing inventory continues to expand, and homes are sitting on the market longer—signs that the overheated pace of the last few years is cooling.
Key movements shaping the close of 2025
- More homes available: Active listings have grown for two straight years, staying above the 1-million mark for several months.
- More price flexibility: Roughly one in five homes saw a price reduction in October as sellers adjust to slower demand.
- Longer time on market: The median listing now takes around 63 days to sell, giving buyers more choice and leverage.
- Mortgage rates steadying: The average 30-year fixed rate sits near 6.23%, noticeably lower than last year’s peaks.
For anyone watching the housing space, the combination of higher inventory and stable borrowing costs suggests a more balanced market heading into 2026.
Holiday Market Snapshot: Miami vs. Lake Tahoe
Miami
• Occupancy: Trending high, with holiday weeks projected to fill 80–90%+ across STRs.
• Rates: Pricing expected at seasonal peaks; December ADR historically rises 5–8% during Christmas–New Year’s.
• Demand Drivers: Warm winter temps (75–80°F, ocean 73–77°F) + major events
• Booking Behavior: Travelers are booking earlier for premium dates; last-minute availability remains limited.
Lake Tahoe
• Occupancy: Holiday + ski season push occupancy to 85–95% in most STR-friendly areas.
• Rates: Strong seasonal uplift; winter ADRs commonly increase 10–15% over November.
• Demand Drivers: Opening of winter sports season + peak holiday travel surge.
• Booking Behavior: High advance booking; best inventory often gone 30–60 days out.
Both markets close 2025 with strong seasonal momentum—Miami driven by warm-weather escapes, Tahoe by early winter snow traffic. December remains one of the highest-performing months of the year for short-term rentals in both destinations.
October–November remains the shoulder-season recovery period:
2025 Wins for Our Owners
This year marked meaningful progress across the Lunabase portfolio. We strengthened our pricing approach, improved turnover systems, and elevated overall property quality—helping owners enjoy steadier calendars and stronger performance throughout the year.
Guest experience remained central to that success. Smoother communication, reliable check-ins, and higher standards inside every home supported better reviews and more repeat bookings.
Upcoming Events
Events in Miami
New Year’s Eve with David Guetta
- Wednesday, December 31 at 9 p.m.
- Fontainebleau Miami Beach
Events in Lake Tahoe
New Year’s Eve Crystal Countdown
- December 31 at 7:00 pm – 11:00 pm
- Golden Nugget Lake Tahoe
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