Real Estate Recap July 2025

If I had to sum up the information from July 2025, it would be the market continues toward a buyer’s market, as both inventories and sales continue to increase, while prices seemed to drop a bit.

New listings were up 13.8% from July 2024

Pending Sales were up a whopping 46.5% from July 2024

Closed Sales rose 18.4% from July 2024

The Median Sales Price dropped 7.3% from July 2024 to $380,000 (This was partially due to more lower-price-range homes coming on the market.)

The Average Sales Price dropped 6.7% from July 2024 to $473,771

Cumulative Days on the Market Until Sale rose to 91 days from 50 days last year.

The Month’s Supply of Inventory rose to 6.2 compared to 4.3 in July 2024

It appears with increased inventories and increased sales numbers, the days on the market has increased substantially, however our market has remained exceptionally strong.  With more homes on the market, buyers aren’t in a hurry to make a strong offer, as there is no sense of urgency to buy NOW, as compared to July 2024.  Buyers are not so worried that someone else will make a better offer, with more homes to choose from.

If you have real estate questions, let us know.  We are a smaller firm, but with highly experienced agents who follow the local market closely.