Mid-Year 2025 Market Snapshot: What You Need to Know

We’re officially halfway through 2025, and I wanted to share a quick snapshot of what’s happening in our local real estate market. (The actual data is at the end of this email)

Here’s what the data is telling us:

📊 Key Market Trends

• Home Sales Volume: Slightly mixed — some areas saw more transactions, others less. On average, home sales were relatively flat, with small gains or drops of 2–3%.

• Home Prices: Still rising, despite higher interest rates. Median home prices increased in 64% of the zip codes with typical year-over-year gains between 1% and 2%.

• Days on Market (DOM): Homes are taking longer to sell. Average DOM increased by  4 to 13 days, depending on the area — a sign of shifting momentum toward a more balanced market.

• List-to-Sale Price Ratio: Slight softening in negotiation power for sellers. Most homes are selling for 96%–98% of asking price, down about 1% from last year in many areas.

  
  

🔎 What This Means for You

• Sellers: Homes are still holding value, but the days of lightning-fast sales may be behind us for now. Strategic pricing and strong presentation matter more than ever.

• Buyers: There’s more breathing room and negotiation leverage than last year. It’s a good time to make a move before prices climb further or rates shift again.

  
  

While interest rates continue to play a big role in buyer behavior, our local market remains stable, with no signs of major price drops. Inventory is moving more slowly, but demand remains steady—especially in desirable neighborhoods and well-priced homes.